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The Latest Breaking News from Economy

Why retiring Baby Boomers may make it harder to lower inflation

Fewer people working because they have elected to retire makes it more difficult to cure the economy's supply-demand imbalance.

Axios

Post-Covid inflation adds a new twist to the famous Phillips Curve

A 'wet weekend's work' by NZ's most brilliant economist is being embraced by the world's central banks to help chart a course out of pandemic.

Newsroom.co.nz

Where Georgia Senate candidates Walker, Warnock stand on the economy

ATLANTA — The economy was the dominant issue for many Georgia voters this midterm election, as generational-high inflation squeezed bank accounts and drove up the prices of household goods.

Tribune News Service

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3 Stocks to Buy Now That Could Make You Filthy Rich in 2023

With inflation starting to ease, the Fed is expected to slow down the rate hikes. However, many analysts still believe the economy will face a mild recession next year. Thus, investors looking for steady returns could buy fundamentally strong stocks such as Ambev S.A.(ABEV), Cardinal Health (CAH), and Universal Logistics…

StockNews.com

AP Interview: IMF chief urges targeted COVID policy in China

The head of the International Monetary Fund says it’s time for China to move away from mass lockdowns under its “zero-COVID” approach

The Independent UK

"Delivering A New FTA With India": Sunak During Key Foreign Policy Address

Delivering his first major address on UK Foreign Policy, Prime Minister Rishi Sunak on Monday emphasized the importance of a Free Trade Agreement (FTA) with India that aims to strengthen the domestic economy. Read on for details:

Dynamite News

Biden urges US Congress to force settlement of railroad dispute

US President Joe Biden has called on lawmakers to pass legislation that would avert a nationwide rail shutdown. This would impose a contract that has not been approved by all negotiating unions but would nonetheless guarantee a 24 percent wage increase for rail workers. The US economy stands to lose…

France 24

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11 recession-resistant stocks to buy for 2023

Loyal customers and inflation-proof pricing power will help these companies pay off for investors even in a tough economy.

Fortune

Fed Chair Jerome Powell is on a high-stakes mission to tame inflation. Some insiders fear he’ll go too far. Others fear he won’t go far enough

The Federal Reserve chairman has sworn to fight runaway price increases, but Powell's critics fear he’ll cave in to political pressure before he wins the battle.

Fortune

Economy may miss forecast next year as global growth slows: Arkhom

Thailand's economy may not reach a forecast growth of 3.8% next year due to a global economic slowdown, but this year's outlook should still be achieved, the finance minister said on Tuesday.

Bangkok Post

Global stock markets to crash next year, investment bank says

Central banks around the world are working to get inflation back under control — but it will come at significant economic cost, Deutsche Bank warns.

ABC News

Chinese authorities seek out COVID protesters

Chinese authorities have begun inquiries into some of the people who gathered at weekend protests against COVID-19 curbs, people who were at the Beijing demonstrations told Reuters, as police remained out in numbers on the city's streets.

Reuters

South Korea orders striking cement truckers back to work

South Korea’s government has ordered some of the thousands of truck drivers who have been on strike to return to work, insisting that their nationwide walkout over freight fare issues is hurting an already weak economy

The Independent UK

South Korea weighs ordering striking truckers back to work

South Korea's government will decide on Tuesday whether to take the unprecedented step of invoking tough strike-busting laws to end a six-day stoppage by truck drivers which is hurting the economy, the presidential office said.

Reuters

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Wales Online

MPs to debate call for £380 weekly state pension and cut in retirement age to 60

Online petition argues that current payments are too low and big increase would boost spending power and help grow the economy

Bangkok Post

FPO describes country's economy as being 'in good shape'

The Thai economy has stabilised, with inflationary pressures subsiding and public debt still below 70% of the country's GDP, according to the Fiscal Policy Office (FPO).

Bangkok Post

EIC downgrades growth forecast for 2023

The Economic Intelligence Center (EIC), a research unit under Siam Commercial Bank, has slashed its 2023 GDP growth projection for Thailand due to the global economic slowdown and the increased likelihood of a recession in developed economies.

Bangkok Post

Free laptops for poor students

The Digital Economy and Society (DES) Ministry plans to distribute 13 million free laptops to poor students between 2023 and 2027 under its action plan for the Smart Thailand scheme.

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news in one place.

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Bangkok Post

Raimon Land aims to retain its reign

SET-listed developer Raimon Land plans to focus on luxury and super-luxury property development and new economy businesses, with a goal to open One City Centre, a new grade A office building in Phloenchit, in the first half of 2023.

Fortune

Top economist Mohamed El-Erian says inflation could get 'stuck' at an uncomfortably high number because of supply chain issues and a 'change in globalization'

Mohamed El-Erian says that inflation may get stuck at 4% as the global economy goes through a “profound” shift—and warns investors not to fall in love with the “short and shallow” recession theory.

The Times of India

Economy climbed up one position under an economist PM in 10 years but became 5th largest under a 'chaiwala': PM Modi

AHMEDABAD: Prime Minister Narendra Modi on Monday took a veiled jibe at his predecessor Manmohan Singh, saying the country's economy climbed up by only one position to reach the tenth spot despite a renowned economist being the PM in the Congress-led government for ten years till 2014.

Evening Standard

What are doubloons? TikTok’s imaginary economy and rules explained

The TikTok currency has no real connection to the Spanish-American coins from centuries ago.

The Guardian - UK

Covid’s still a big issue for China – and that’s trouble for global economy

The economic outlook for China is not good however its leaders respond to anti-lockdown protests

The Independent UK

Minister blasts Fifa and claims Wales has ‘every chance’ of beating England

Welsh economy chief Vaughan Gething called the football organisation’s decisions over rainbow bucket hats and One Love armbands “disappointing”.

Fortune

The Dabloon economy is the latest craze engulfing TikTok: from inflation and debt, to thieves and factions

Millions are part of the Dabloon economy, but the fake currency is suffering from inflation.

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