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The Latest Breaking News from Economy

Austerity 2? No, thank you! Jeremy Hunt warns about another brutal era of cuts in Budget

Another three months of falling growth would mean a recession, with the Bank of England warning it could be the longest downturn for a century

Daily Mirror

The Guardian view on the UK economy: old folly or new folly

Editorial: Next week’s autumn statement will show if Jeremy Hunt has learned anything from George Osborne’s and Kwasi Kwarteng’s failures

The Guardian - UK

Herman Daly obituary

Pioneering ecological economist who foresaw the catastrophic effects of unlimited economic growth

The Guardian - UK

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Growing number of Germans won't be left in dark with blackout courses

Once purely the stuff of action movie plots, the prospect of the lights going out in Europe's biggest economy has become a conceivable threat during the current energy crisis.

Reuters

Russia’s Kherson retreat marks tectonic shift in Ukraine war

Withdrawal from regional capital further undermines Russia’s geopolitical prestige and gives boost to Ukrainian economy.

Al Jazeera

'Out-Of-The-Box' Approach Helps Lithuania's Aušrinė Armonaitė Build Strong Economy

Lithuania, which was in the news this week for its opening of a trade office in Taiwan, is seeking to dampen the blow of economic crosscurrents by diversifying its dependencies via new global partnerships, foreign direct investment (FDI) initiatives and education.

Benzinga

Nicola Sturgeon ‘profoundly concerned’ ahead of autumn budget

Scotland’s First Minister said the UK was in an “incredibly difficult” position after meeting Rishi Sunak at the British-Irish Council summit.

The Independent UK

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Kwasi Kwarteng accused of 'rewriting history' as he passes blame for crashing the economy

Former chancellor Kwasi Kwarteng has claimed he pleaded with Liz Truss to "slow down" her tax cutting rampage - even though he went on TV two days after the mini-Budget to boast it was just the start

Daily Mirror

As Lula takes office, it’s time for Brazil to create an ‘economy of standing forests’

The incoming Lula administration bears the largest responsibility for preserving the Amazon. Doing so would uplift Brazil's economy–and help the planet.

Fortune

The Standard View: Autumn Statement pain is coming, but we need a long-term prosperity plan

Today’s figures confirm what the forecasters and the Bank of England have already predicted: the British economy is shrinking. GDP contracted by 0.2 per cent between July and September, as spiralling prices and energy bills impacted households and businesses.

Evening Standard

Recession news – live: Hunt warns of ‘eye-watering’ decisions amid economic downturn (cloned)

Chancellor warns of ‘tough road ahead’ as economy contracts by 0.2 per cent

The Independent UK

Carl Icahn says ignore Thursday's rally, we aren't out of a bear market

Billionaire investor Carl Icahn reiterated warnings that a recession is coming and that he is keeping his portfolio at Icahn Enterprises hedged

Fortune

China eases its 'zero COVID' policy with shorter quarantines and fewer restrictions

Authorities in Beijing ease — but don't end — COVID-19 control policies that have kept case counts low but hurt the Chinese economy.

WEKU

UK on brink of longest recession in history as Tories blamed for their 'disastrous economic record'

Labour and the SNP accused the Conservatives of leading the country through a decade of weak growth and inequality.

Daily Record

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Reuters

Lula's market lure fades after Brazil's 'Liz Truss moment'

There is growing investor pessimism that Brazilian President-elect Luiz Inacio Lula da Silva will govern with fiscal discipline as the country's central bank chief likened a market selloff to a "Liz Truss moment for Brazil."

The Independent UK

UK economy shrinks as economists warn of more pain to come

Statistics show that Britain’s economy shrank in the three months to September, and forecasters are warning of many months of contraction to come

Tribune News Service

Conor Sen: Republicans can’t stop a new wave of government spending

The outcome of the midterm elections has left lingering uncertainty in Washington, including the question of what fiscal policy might look like in the new Congress. But even if Republicans regain control of the House of Representatives and/or the Senate, the landscape as we close out 2022 is completely different…

The National (Scotland)

Latest recession warning a 'damning indictment' of Tory governance

THE UK economy shrunk by 0.2 per cent between July and September, in what some experts say could be the start of the longest recession since record…

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Insider UK

Economy shrinks in what could be start of a long recession

Latest GDP figures show a 0.2% contraction between July and September

Asharq Al-Awsat

China's Singles Day Shopping Spree Enters Final Stretch

China's Singles Day shopping bonanza entered its final stretch Friday, with all eyes on whether sales can top a record one trillion yuan ($140 billion) despite the country's struggling economy. Conceived by technology giant Alibaba, the informal holiday's title riffs on a tongue-in-cheek celebration of singlehood inspired by the four…

Manchester Evening News

BREAKING: UK economy shrinks by 0.2% in move feared to be start of major recession

GDP fell by 0.2% in the three months to September as services, production and construction industries all slowed down and cost-of-living pressures bite

The Independent UK

Recession – live: Hunt warns of ‘eye-watering’ decisions amid economic downturn

Chancellor warns of ‘tough road ahead’ as economy contracts by 0.2 per cent

The Independent UK

UK economy shrinks amid fears of longest recession since records began

Chancellor Jeremy Hunt says ‘tough rough ahead’ as he prepares to slash public spending

Daily Mirror

UK economy shrinks by 0.2% in move expected to be start of a major recession

GDP fell by 0.2% in the three months to September as services, production and construction industries all slowed down - and Jeremy Hunt warned of 'extremely difficult decisions' in the Autumn budget

Wales Online

Economy shrinks in what could be start of long recession

The reading comes just a week after the Bank of England published a caveated forecast that the UK might be headed for an eight-quarter recession – the longest consecutive recession since reliable records began in the 1920s

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