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The Latest Breaking News from Economy

Scottish firms remain resilient, but investment needed for future growth

The Fraser of Allander Institute looks back at the last 25 years of monitoring the Scottish economy

Insider UK

Elon Musk says that A.I. robots will eventually outnumber people: 'It’s not even clear what an economy means at that point'

Tesla's Musk expects humanoid robots to be deployed in industries and homes, tipping the ratio in their favor over humans.

Fortune

Asia-Pacific GDP forecast to grow 3.1% in 2023

The Asia-Pacific region's economy is projected to expand 3.1% this year before dropping to 2.9% growth in 2024 as downside risks continue to pressure recovery, according to an analysis from an Asia-Pacific Economic Cooperation (Apec) research unit.

Bangkok Post

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read the most diverse news in one place.

Why universities need to look beyond grades when admitting international students

International students play an instrumental role in the development of Canada’s current and future economy.

The Conversation

Nouriel Roubini warns of stagflation crisis as interest rate surge sinks economy, not inflation

The man dubbed "Dr Doom", US-based economist Nouriel Roubini, is warning that the world faces a "perfect storm" of high inflation, rising interest rates and recession that will be "the worst of all worlds for workers".

ABC News

Brazil's 4Q22 GDP contraction signals challenge for Lula

Brazil’s economy contracted in the fourth quarter for the first time in over a year, according to data released Thursday by the country’s statistics institute

The Independent UK

Fiona Hyslop MSP highlights importance of ensuring towns in her constituency can thrive

The Linlithgow Constituency MSP was talking at the debate brought to Parliament by the Economy and Fair Work Committee

Daily Record

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OPINION - What’s the matter with London?

London is the engine of the UK economy. But according to a new report, all is not well. The Centre for Cities think tank finds that the capital’s productivity growth has plummeted in comparison with international rivals, and that this has cost the national economy tens of billions of pounds…

Evening Standard

SNP leadership battle: where is the message of economic growth in Scotland?

The search for Scotland’s new first minister is in full flow. Three candidates have emerged to replace Nicola Sturgeon, arguing over subjects including independence, religion and gender recognition.

The Conversation

Why are Australian households struggling as corporate profits soar?

Everyday Australian’s are struggling to keep up with the rising cost of living with soaring inflation hurting households’ hip pockets.

The New Daily

Moody’s Upgrades Saudi Economy Growth Forecast

Global credit rating agency Moody’s has raised the Kingdom’s growth forecast to 2.5 percent for the current year from its last estimation of 1.7 percent, backed by moderate levels of debt and large financial reserves, in addition to its huge oil reserves. For next year, it has elevated the expansion…

Asharq Al-Awsat

Scotland’s economy avoids recession with growth of 0.1% in final quarter

GDP in Scotland is still 0.3% below pre-pandemic levels recorded in the final three months of 2019

Insider UK

Baker Tilly Asia expansions

Thailand and other Asia Pacific countries hold great opportunity for their economy to grow and for Baker Tilly to expand its presence here after the London-based global accounting firm posted a record revenue of US$1 billion from this region last year, executives say.

Bangkok Post

China looks to consumers to drive economic rebound

Chinese leader Xi Jinping’s agenda for this month’s meeting of the ceremonial national legislature: Revive the economy by encouraging consumers to spend more now that severe anti-virus controls have ended

The Independent UK

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The Conversation

First Nations are using 'creative disruption' to foster economic growth in their communities

First Nations have been resisting the historic and ongoing impacts of Canada’s extractive economy on their communities by exercising their right to self-governance and taking control of their economic futures.

The Independent UK

Scottish Secretary Jack accused of trying to ‘sabotage’ deposit return scheme

Lorna Slater, the circular economy minister, hit out at Alister Jack – while Green and SNP MSPs called for him to be sacked.

AAP

New house approvals slide for fifth month in a row

Approvals for new homes remains subdued as stubbornly high inflation and rising interest rates weigh on demand for home-building.

Evening Standard

Why the PM was right to recognise that Britain’s future is digital

Digital adoption in key industries could generate £132 billion in UK productivity gains by 2030

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StockNews.com

3 S&P 500 Stocks to Buy If You Like Winning

The economy proved resilient enough in 2023, as evidenced by recent strong economic reports. Following a brutal 2022, the S&P 500 has gotten a solid start this year and is expected to maintain the momentum. Hence, investors could consider buying fundamentally sound S&P 500 stocks Visa (V), Johnson & Johnson…

Newsroom.co.nz

Cyclone flushes out the new climate denial

Comment: We’re hearing a new kind of climate denial, arguing that it’s now too late to act on climate change, now we just have to get on with adapting to it. Those pushing that view need their heads read, argues Cindy Baxter.

Evening Standard

The mini-Budget is still inflicting maximum pain

The economy is picking up more quickly than feared and may even give recession the swerve. But that is despite, not because, of the mini-Budget mayhem.

The Guardian - AU

Rate rises are hitting home as real incomes fall and the economy slows. What an achievement!

Weak growth anticipates worse to come, given the promise of further RBA hikes and the economy has already begun to fall

The Independent UK

Kate Forbes’ policies ‘not at all’ a shift away from progressive SNP agenda

The SNP leadership hopeful was responding to comments made by her opponent Humza Yousaf regarding a shift away from the party’s ‘progressive agenda’.

StockNews.com

3 Explosive Growth Stocks to Buy This Week for Under $50

After a challenging year, growth stocks are expected to stage a recovery this year amid easing inflation and the Fed’s downshift on monetary policy tightening. Furthermore, recent strong economic data fed investors' and economists’ hopes that the economy could achieve a soft landing. Hence, it could be wise to buy…

The Guardian - UK

Bank of England boss signals interest rates may have peaked

But Governor Andrew Bailey says rates could rise again if inflationary pressures become embedded

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Luiz Inácio Lula da Silva

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Office for National Statistics

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