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The Latest Breaking News from Economy

Consumer confidence rose for the 10th straight month in March, reaching the highest level in 37 months, boosted by the positive impact of easing Covid-19 outbreaks and the recovery of domestic tourism, which has left consumers feeling happier and more optimistic.

Bangkok Post

Income inequality surges as richest group gets more than 90 per cent of the gains, Australia Institute finds

A new report suggests Australia is becoming more inequitable, with 93 per cent of pre-tax gains in the economy going to the top 10 per cent of earners.

ABC News

UK will be worst performing G7 nation this year as economy shrinks, experts predict

The International Monetary Fund thinks UK plc will shrink 0.3%, and the only other advanced economy in the G7 group expected to decline is Germany’s, by 0.1%

Daily Mirror

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'The situation is quite fragile': The IMF just issued its weakest outlook for the world economy in 3 decades

The IMF is worried about a “hard landing,” with sticky inflation meaning the odds of a recession have “risen sharply.”

Fortune

A ‘quiet success story’: How the Good Friday Agreement created an ‘all-Ireland’ economy

The signing of the Good Friday Agreement on April 10, 1998, opened channels for cooperation between businesses on either side of the Irish border and the emergence of an “all-island economy”. A quarter of a century later, shared economic ties are an important source of collaboration between north and south.

France 24

SNP blame 'Tory economic incompetence' as UK set for worst growth in G7

The International Monetary Fund said the UK's economy will grow slower than most other G20 countries.

Daily Record

IMF Issues Growth Warning as it Lowers 2023 Forecast

The International Monetary Fund slightly lowered its outlook for the global economy on Tuesday, while predicting that most countries will avoid a recession this year despite economic worries and geopolitical tension. Concerns over high inflation, rising geopolitical tension and financial stability all hang over the updated forecasts, with the impact…

Asharq Al-Awsat

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IMF says world economy entering "tricky" phase

New forecasts show a gloomy outlook for global growth and inflation.

Axios

Europe cannot turn its back on China, Spanish minister says

Europe cannot ignore China's role as a key trading partner and important geopolitical player that could help put an end to the war in Ukraine, or provide debt relief for low-income countries, Spanish Economy Minister Nadia Calvino said on Tuesday.

Reuters

UK economy: Set-piece moment looms from latest growth readout

Test for more resilient showing from UK economy due on Thursday from GDP data for February

Evening Standard

‘Made in France’ champion calls for halt of sale of French nuclear firm to Americans

Former French Economy Minister Arnaud Montebourg has asked the current French government to forbid the sale of a French nuclear component company to an American group, saying he would be able to buy it himself in order to keep it French.

Radio France Internationale

Small business owners feel the credit crunch

Small businesses are seeing the already-tough process of getting business loans get even tougher

The Independent UK

Twin threats of rising rates and deglobalisation leave IMF spooked

Fund is more cautious about world economic outlook after turmoil at Silicon Valley Bank and Credit Suisse

The Guardian - UK

UK on track to be worst-performing G7 economy this year despite IMF upgrade

The UK’s economy will shrink by 0.3% and grow by 1% next year, the IMF said on Tuesday.

The Independent UK

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The Independent UK

IMF: Prolonged high inflation dims outlook for world economy

The outlook for the world economy this year has dimmed in the face of chronically high inflation, rising interest rates and uncertainties resulting from the collapse of two big American banks

The Guardian - UK

UK economy forecast to shrink by 0.3% this year, says IMF

IMF says euro area and UK – one of only two G7 countries forecast to contract in 2023 – especially hit by energy costs and inflation

Axios

First look: Yellen's cautious optimism on the economy

The Treasury secretary's glass-half-full outlook isn't shared by IMF chief.

The Guardian - UK

Blending hydrogen into gas heating ‘could add almost £200’ to UK bills

Campaigners say potential energy plan would leave consumers bearing cost of building hydrogen economy

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Daily Mirror

Labour attack Rishi Sunak over wife's tax loophole in blistering new advert

Labour plans to focus its attention on Mr Sunak's economic policies having been criticised over a series of ads on Tory failures tackling crime, with Keir Starmer branding the PM the "chief architect" of the UK's economic woes

The Independent UK

Asian shares mostly higher after mixed day on Wall Street

Stocks are mostly higher in Asia after a mixed session on Wall Street

Al Jazeera

G20 finance heads face reform calls from Global South

Finance ministers and central bank governors are meeting at the IMF to discuss challenges facing global economy.

Fortune

3 signs the labor market is rebalancing in a way that could prevent a recession, according to Goldman Sachs

Goldman’s David Mericle sees “encouraging news about the prospects for achieving the gentle rebalancing of the labor market needed for a soft landing.”

The Guardian - UK

Labour to take aim at Sunak’s leadership on cost of living crisis

Party will continue to single out PM, after campaign ad last week that led to accusations of ‘dog-whistle’ politics

Bangkok Post

'Downside risks' for Asean+3

Soaring energy prices and a stalling US economy have emerged as potential downside risks that could dampen growth in Asean+3 economies, according to the Singapore-based Asean+3 Macroeconomic Research Office (Amro).

ABC News

How Argentina went from one of the world's richest nations to 100 per cent inflation, with 'mountains of money worth nothing'

Argentina's economy hit 100 per cent inflation in February — the highest it's been in 32 years. But the crisis has done nothing to dampen Argentines' enthusiasm for spending.

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