The Latest Breaking News from Economy

If UK wages are going down, why aren’t rent, food and energy prices coming down too?

Many British companies make their profits outside the UK or provide services so essential they know the government will step in to cover consumer bills, says economic geography professor Brett Christophers

The Guardian - UK · Feb 27, 2023

Editorial: How to Be Problem-Oriented in Institutional Reform

Reforms of governmental institutions should take into account of current economic challenges, such as shrinking demand, supply shocks and weakening expectations, and be driven by efficiency concerns and common values, including peace, development, equity, justice, democracy and freedom

Caixin Global · Feb 27, 2023

Watch as Keir Starmer reveals plan to grow Britain’s economy ahead of Sunak’s Brexit talks

Watch as Keir Starmer delivers a speech in London on the UK's economic growth.

The Independent UK · Feb 27, 2023

Survey: Business economists push back US recession forecasts

A majority of the nation’s business economists expect a U.S. recession to begin later this year than they had previously forecast, after a series of reports have pointed to a surprisingly resilient economy despite steadily higher interest rates

The Independent UK · Feb 27, 2023

North Korea's Kim convenes meeting to improve economy amid fears of food shortages

North Korean leader Kim Jong Un kicked off a meeting of ruling party officials to discuss improving the country's economy and agricultural sector, state media reported on Monday, as fears of food shortages and a humanitarian crisis grow.

Reuters · Feb 27, 2023

Big Buddha and funeral home rights: how China is tackling its massive debt burden

Zero-Covid spending and lower taxes has led to £4.2tn in local government debt, posing a ‘big headache’ for the economy

The Guardian - UK · Feb 27, 2023

UK government is hiding £28bn of ‘stealth cuts’ to public services, says report

Thinktank warns austerity drive at next month’s budget will further damage economy

The Guardian - UK · Feb 27, 2023

ASX falls as mining stocks slump; Downer, InvoCare hit on earnings — as it happened

The ASX finished more than a per cent lower after the mining sector was crunched on weaker commodity prices. Here's how the trading day unfolded.

ABC News · Feb 26, 2023

Record number of Britons head to Greece as nation enjoys tourism boom

UK nationals outnumber Germans for first time, as post-pandemic rebound helps Greek economy to grow by 5.6% in 2022

The Guardian - UK · Feb 26, 2023

Stock-market believers say ‘stage still set’ for U.S. economy to accelerate in second half of year

The stock market slump may be discouraging, but it shouldn’t be a shock based on historical patterns.

Fortune · Feb 26, 2023