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The Latest Breaking News from Economy

December MPI marks the lowest level in 28 months

Thailand's Manufacturing Production Index (MPI) fell by 8.19% year-on-year in December last year to 93.98 points, the lowest level in 28 months, as the world economy contracted.

Bangkok Post

Tory MPs urge Hunt to bring forward tax cuts after bleak IMF forecast

Chancellor defiant as pressure mounts with warning from within that party could face end of an era in government

The Guardian - UK

The 3 Top ETFs to Purchase in 2023

With less aggressive but drawn-out interest rate hikes by the Fed visibly slowing down an otherwise robust economy, the stock market is expected to remain volatile in the foreseeable future. Hence, it would be wise to invest in Vanguard Value ETF (VTV), iShares Russell 1000 Value ETF (IWD), and Energy…

StockNews.com

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BBC slated for Brexit anniversary coverage featuring 'insulting' Radio 4 interview

THE BBC has been heavily criticised for its coverage of the third Brexit anniversary after broadcasting an “insulting” interview with two…

The National (Scotland)

SNP MP launches 'one stop shop' resource for independence and the EU

Alyn Smith, SNP’s spokesperson for EU accession in Westminster, set up the website to highlight the economic decline of the UK following Brexit

The National (Scotland)

The space industry is attracting new business

The space economy has grown a lot in the last 10 years.

Axios

GM reports nearly $10 billion in profit in 2022 despite headwinds

General Motors Co. booked $9.9 billion in net income last year, down from 2021's $10 billion despite chronic supply chain woes, rising interest rates and a slowing economy.

Tribune News Service

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Democracies embrace economic security to counter China and Russia

The vision of a truly open global economy is fading

Axios

When is Budget Day 2023? What to expect from Jeremy Hunt’s statement

The Chancellor set out his plans amid a soaring cost of living crisis

Evening Standard

Mexico's growth slows to 0.4% in 4Q, 3.6% in 2022

Mexico's economy slowed in the last quarter of 2022 but still managed to advance by 0.4%, bringing economic expansion for the full year to 3.6%

The Independent UK

Bristol Airport expansion gets go-ahead as High Court appeal dismissed

The transport hub said the decision was 'excellent news' for the South West economy

Birmingham Post

UK to be worst-performing major economy in 2023 (including Russia), says IMF

Friends say I’m obsessed with the US economy. And they’d be right. First, there’s its sheer size: 24 per cent of global GDP on 4 per cent of the population. Second, its relentlessness: prior to the Covid-19 pandemic, America was enjoying its longest-ever economic expansion. Third, the wealth it generates…

Evening Standard

Bad economics at the BBC enabled Tory austerity and its aftermath – and it knows as much

Too many journalists don’t get ‘basic economics’, an internal review says. Imagine the effect that’s had on UK politics, says James Meadway of the Progressive Economy Forum

The Guardian - UK

Commentary: When will US workers get paid leave? Try 2035

Most wealthy countries provide workers with paid time off when they become parents, fall ill or need to care for loved ones. It's one of the great no-brainers of public policy: It benefits newborns, families and the entire economy.

Tribune News Service

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The Guardian - UK

Why is the UK economy doing worse than the rest of the G7?

Factors behind IMF’s latest forecast which shows UK will be only large economy to contract this year

The Independent UK

Brexit branded ‘complete disaster’ as £100bn a year loss to UK revealed

Brexit ‘a bunch of complete and total lies’, says ex-Tory donor Guy Hands on third anniversary of exit

StockNews.com

Best Stocks to Buy Right Now? 3 Large Caps to Watch this Week

Although inflation has cooled down over the past few months, the Fed intends to keep raising interest rates until inflation falls to its desired level. This is expected to push the economy into a recession. Investors looking to stabilize their portfolios against potential market volatility might look to add large-cap…

Evening Standard

The Standard View: Britain’s economy is falling behind, with little end in sight

After national security, a strong economy is the top priority for any democratically-elected government. Sustainable growth and low inflation don’t just look good in Budget red books, they materially improve the lives of citizens. But in absolute and relative terms, Britain is falling behind.

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Dynamite News

Economic Survey: Capital Expenditure In India Rises 63 Per Cent In 2022-23

Capital expenditure spending in India increased by 63.4 per cent in the first eight months of 2022-23 according to the Economic Survey document for 2022-23, which was tabled in Parliament on Tuesday. Read full story on Dynamite News:

The Independent UK

Watch: James Cartlidge makes statement after IMF forecasts UK economy to shrink

Watch as British junior finance minister James Cartlidge makes a statement on the latest IMF forecast, which slashes the UK’s growth outlook.

The Independent UK

Why the UK economy is worse off than Russia and other EU countries

IMF says UK economy will contract by a worse-than-expected -0.6 per cent

Daily Record

SNP and Labour blame Tories for predicted economy shrink

The UK is set to be the only major economy to shrink this year with all other developed nations experiencing growth, including sanction-hit Russia.

Caixin Global

Editorial: The Urgent Need for Global Cooperation

In an increasingly divided world where countries are moving away from global supply chains, there’s a pressing need to continue strengthening international cooperation to address challenges such as recession risks and climate change

Asharq Al-Awsat

Cash Is King in Lebanon as Banks Atrophy

The money exchange shop in Lebanon's Bekaa Valley was buzzing with business. Cellphones pinged endlessly and employees shouted out various rates as customers flocked in carrying plastic bags of the crashing local currency to buy US dollars. "Welcome to the Wall Street of Lebanon," grinned the storefront's owner, a machine…

The Times of India

Indian economy poised to do better, inflation to be well-behaved next fiscal: CEA Anantha Nageswaran

NEW DELHI: Indian economy is poised to do better and is expected to grow 6.5-7 per cent in the remainder of the decade, chief economic advisor (CEA) V Anantha Nageswaran said on Tuesday.

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