The Latest Breaking News from Economy

Exclusive: CEOs increasingly foresee a "soft landing" for the economy

Companies are expanding their spending plans — that’s not recessionary.

Axios · Jun 7, 2023

OECD lifts world GDP growth forecast to 2.7%

PARIS: The OECD slightly raised its growth outlook for the world economy on Wednesday as inflation eases and China has dropped Covid restrictions, but it warned the recovery faces a "long road".

Bangkok Post · Jun 7, 2023

Going down: the 6 graphs that show Australia's economic growth shrinking

The latest national accounts tell us Australia’s economy grew by just 0.2% in the three months to March.

The Conversation · Jun 7, 2023

Australian economy grew 0.2% in first three months of the year, the slowest since Covid lockdowns

Jim Chalmers says higher interest rates and cost-of-living pressures are squeezing household budgets and slowing the economy

The Guardian - AU · Jun 7, 2023

Work more, cut back: RBA boss’s message to struggling Aussies

Economic growth across Australia slowed to 0.2 per cent in the March quarter, as households continued to tighten their belts.

The New Daily · Jun 7, 2023

Brazil lawmakers propose reforms combining consumption taxes

Brazil's consumption tax reform advanced on Tuesday as a working group in Congress outlined a proposal to combine various levies into a value-added tax with separate federal and regional rates without increasing the overall tax burden on the economy.

Reuters · Jun 6, 2023

Growth report likely to reveal an economy losing steam

Economic activity is expected to slacken further as higher interest rates and gloomy global conditions persist. The national accounts for the March

The New Daily · Jun 6, 2023

Crude Prices Slip on Stronger Dollar and Weak Economic News

July WTI crude oil (CLN23) on Tuesday closed down -0.41 (-0.57%), and July RBOB gasoline (RBN23) closed up +3.99 (+1.58%). Crude oil and gasoline prices Tuesday settled mixed. A stronger dollar Tuesday weighed on crude prices. Crude was also under pressure from concerns that a slowdown in the global economy...

Barchart · Jun 6, 2023

Pact targets surge in digital volunteers

The Office of the National Digital Economy and Society Commission (ONDE) entered into a collaboration agreement with nine agencies on Tuesday in a bid to increase the number of digital volunteers to 300,000 by 2024, with the aim of promoting accessibility and understanding of digital technology among villagers.

Bangkok Post · Jun 6, 2023

The ocean index helping to drive the blue economy

A new approach should be considered to ensure coastal and marine resources are exploited sustainably.

360info · Jun 6, 2023