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The Latest Breaking News from Economy

UK can expect year of stagnation after narrowest of escapes from recession

Marginal expansions and contractions in 2023 will do little to solve a lack of investment and export shortfall

The Guardian - UK

Firms must embrace flexibility to attract and retain workforce

The balance between the employer and employee has changed

Birmingham Post

George Skelton: Feinstein deserves a graceful exit, and she'd be wise to take it

SACRAMENTO, Calif. — Former House Speaker Nancy Pelosi's quick endorsement of Rep. Adam B. Schiff's Senate candidacy was huge — far more significant than an ordinary endorsement.

Los Angeles Times

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read the most diverse news in one place.

UK narrowly avoids recession after figures show growth flatlining

Economy contracted in December by 0.5% after expansion of 0.1% and 0.55% in previous two months

The Guardian - UK

UK economy stagnates during final three months of 2022

The British economy has stagnated in the final three months of last year under the weight of a cost-of-living crisis

The Independent UK

UK avoids recession by narrowest margin but 'not out of woods yet'

THE UK avoided a recession by the thinnest of margins after the economy flatlined in the last three months of 2022, new data shows.

The National (Scotland)

UK narrowly avoids recession as the economy flatlines at the end of 2022

When counting to two decimal places, the UK managed 0.01% growth in the fourth quarter

Insider UK

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UK narrowly avoids recession as economy flatlines at end of 2022

New figures for the last quarter of 2022 show a tiny level of growth, avoiding a second quarter of decline that defines a recession

Birmingham Post

UK ‘not out of the wood’ after narrowly avoiding recession

Bank of England still expects UK to enter ‘shallow’ recession

The Independent UK

GDP: No recession yet, but Britain’s not out of the woods

Break in Premier League games helps fuel economy slowdown

Evening Standard

UK economic growth hit zero at end of 2022

The economy contracted sharply in December meaning, overall, there was no growth in the economy over the last three months of 2022

Wales Online

Crucial $1.1 billion IMF deal eludes Pakistan for now; talks continue

Pakistan and the International Monetary Fund are to resume talks online next week they said on Friday, after ten days of face-to-face discussions in Islamabad on how to keep the country afloat ended without a deal.

Reuters

Baht strength a risk to economy: Finance Minister Arkhom

The strengthening of the baht is a risk to Thailand's economy at the moment as it reduces export volumes, the finance minister said on Friday.

Bangkok Post

Rejected open-cut mine project rebrands after environmental concerns stopped eastern Victorian proposal

The company behind a controversial mineral sands mine project that was rejected due to environmental risks rebrands in an attempt to revive the proposal for a site in eastern Victoria.

ABC News

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Fortune

Uber's strong quarter could be a good sign for the economy

Uber's strong earnings could be flashing a signal that the economy is returning to normal.

France 24

Nigeria tests new voting system

Ahead of Nigeria's elections, voters help electoral authorities test out a new system meant to head off vote rigging. Also, we hear from Hamitraoré, an Ivorian activist trying to hasten FGM's end by bringing discussions about its impact into the open. Finally, Tunisians frustrated by a stagnant economy find new…

Fortune

Larry Summers compares the Fed's inflation fight to taking a medicine to fight an 'infection'—and says the 'risks are very large' that the economy tips into a recession

Former Treasury Secretary sees a soft landing as a possibility, but the risk of a recession still remains very high.

France 24

Nigeria's cash shortage crisis taints election campaign

In tonight's edition: With little more than two weeks to go before Nigeria's presidential election, the tensions caused by a chaotic change in currency have soured the mood. Also, as daily rolling power cuts across South Africa continue to hit the economy hard, President Cyril Ramaphosa declares a state of…

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The Conversation

'Child care' or education? Words matter in how we envision living well with children

As people across Canada begin to understand the implications of the Canada-Wide Early Learning and Child Care program, public conversations often centre on the economic benefits of getting children back into quality child care, and their parents or guardians back into a robust Canadian economy.

The Guardian - UK

Sunak and Hunt to host UK industry leaders to drum up investment

Meeting of prominent business executives will focus on creating jobs in hi-tech sectors to revive economy

The National (Scotland)

Income tax rates confirmed by MSPs as highest earners set to pay more

Public finance minister Tom Arthur said the rate was set against 'one of the most challenging periods for the economy'

Fortune

Larry Summers says the economy could be headed towards a 'Wile E. Coyote moment'

The Harvard economist warns the economy could walk "off a ledge" sometime this year. “I’m not predicting with confidence that that will happen, but I think the risks are significantly elevated.”

Reuters

Putin says Russian economy will grow in 2023 despite sanctions

President Vladimir Putin on Thursday said Russia's economy had overcome the worst effects of sanctions and was expected to show modest growth this year, despite what he said were attempts to undermine certain industries.

Irish Mirror

Labour Senator Mark Wall: 'Time to pay apprentices a fair wage'

'Apprenticeships play a crucial role in Ireland’s economy. We simply can no longer continue to undervalue them.'

Los Angeles Times

Wait, layoffs and job growth? What's going on with the economy and is recession still coming?

WASHINGTON — Only a few months ago many economists warned that a recession was not just inevitable, it was around the corner. Inflation would take years to curb. Surging unemployment was on its way.

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Arkhom Termpittayapaisith

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Office for National Statistics

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International Monetary Fund

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