The Latest Breaking News from Economy

Northern Ireland student fees rise being considered to tackle budget shortfall

Department for the Economy faces making 16% cuts to services due to a funding deficit of £130 million

Belfast Live · May 15, 2023

UK economy: why the Bank of England is now more upbeat than the IMF

The Bank of England has changed its mind about the prospects for the UK economy. Having been predicting a recession in 2023 as recently as February, its latest May report is expecting a soft landing from the bout of high inflation and a year of interest rate hikes.

The Conversation · May 15, 2023

IMF: Sri Lanka's crisis-hit economy likely to resume growth in 2024 after contracting 3% this year

The International Monetary Fund says Sri Lanka’s crisis-hit economy is expected to resume growing in 2024 after contracting 3% this year

The Independent UK · May 15, 2023

European economy expected to grow faster than forecast, says EU

Revised outlook for 2023 and 2024 puts average growth for 27-member bloc at 1%

The Guardian - UK · May 15, 2023

Thai economy grows 2.7% in first quarter

Thailand's economy grew 2.7% in the first quarter thanks to a steady tourism recovery and strong consumer confidence that offset sluggish exports, officials said Monday.

Bangkok Post · May 15, 2023

'What is the value of a wave?' North Devon named the UK's first-ever World Surfing Reserve

BusinessLive spoke to Dr Gregory Borne, senior lecturer in sustainable development at Plymouth Marjon University about the research being undertaken to establish what this means for the local economy

Birmingham Post · May 15, 2023

Europe's outlook for economic growth brightens — a little

The European Union’s executive body raised its economic growth forecast, saying Europe had dodged a winter recession that was feared amid an energy crisis

The Independent UK · May 15, 2023

GPs aiding international student agents to exploit Australian visa ‘loophole’, inquiry hears

Agents earn extra commission by shuffling foreign students between providers in what Labor calls an unethical ‘shadow economy’

The Guardian - AU · May 15, 2023

Co-chair appointed for government group to work with private sector

The group will meet for the first time this week, aiming to ease the transition to a wellbeing economy

Insider UK · May 15, 2023

Isle of Man to grow cannabis business to diversify economy

British crown dependency hopes to license as many as 10 medicinal cannabis firms by end of 2025

The Guardian - UK · May 15, 2023