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The Latest Breaking News from Economy

Economist Dr. Doom is extra gloomy as he warns of a 'deep and protracted' recession—and says World War III has already begun

China-U.S. tensions, rising public and private debts, and climate change are just a few of the “MegaThreats” the global economy is facing.

Fortune

Migration review should plan for the long term

A migration system that better selects skilled migrants could help solve some of Australia’s biggest challenges.

The New Daily

Tories no longer trusted with economy and Sunak's popularity plummeting, poll finds

A STAGGERING 79 of voters are dissatisfied with how the Tory government is running the UK ...

The National (Scotland)

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Google CEO Sundar Pichai meets PM Modi, expresses support for India's G20 presidency

NEW DELHI: Google CEO Sundar Pichai on Monday said that India will be a big export economy and the pace of technological change in the country has been extraordinary.

The Times of India

Inflation, unemployment, the housing crisis and a possible recession: Two economists forecast what's ahead in 2023

With the current U.S. inflation rate at 7.1%, interest rates rising and housing costs up, many Americans are wondering if a recession is looming.

The Conversation

3 Upgraded Stocks to Stick on Your Watchlist This Week

The Fed’s indication that rates may stay higher for longer and November’s declining retail sales have sent jitters in the economy. Amid mounting recessionary fears, fundamentally strong stocks, Adobe (ADBE), DocuSign (DOCU), and Buckle (BKE), which have recently been upgraded in our proprietary system, might be ideal additions to your…

StockNews.com

The Standard View: If the Conservatives aren’t trusted on the economy, what do they stand for?

If the Conservatives aren’t trusted on the economy, what do they stand for? The key to the party becoming the most successful in the history of the democratic world has depended on its reputation for economic management. But in the wake of Liz Truss’s disastrous mini-Budget, soaring inflation and a…

Evening Standard

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Bond King Bill Gross says the Fed has already reached optimal level of interest rates

The man who revolutionized the bond market says the Fed should pay more attention to the mountains of debt circulating in the U.S.

Fortune

From a worsening economy to alien visits – this is what people expect in 2023

This year proved to be an improvement on the previous one, but Australians' outlook for 2023 is still gloomy, new research shows.

The New Daily

Spring Budget date announced as Jeremy Hunt to give statement on March 15

Chancellor Jeremy Hunt will give his Spring Budget on March 15, spelling out further the direction for the economy after he spelt out years of spending cuts in his Autumn Statement

Daily Mirror

‘UK recession to last until end of next year’, say economists

THE UK economy is on track to shrink by 1.3 per cent in 2023 amid a recession which is set to last until the end of next year, according to a new…

The National (Scotland)

Analysis-EU unity over Russia sanctions falters as Europe's economy wilts

European Union unity over sanctions on Russia has started to falter as jitters about the impact on Europe's own stumbling economy weakens resolve to punish Moscow for war in Ukraine.

Reuters

Women Lack Basics in Lebanon's Crowded Prisons

Nour is raising her four-month-old daughter in Lebanon's most overpopulated women's prison, struggling to get formula and nappies for her baby as the country's economy lies in tatters. "I don't have enough milk to breastfeed, and baby formula isn't readily available," said the 25-year-old, who was detained eight months ago…

Asharq Al-Awsat

New world disorder

The world is likely to become brittle, anxious, non-linear and incomprehensible, posing new challenges to businesses after the pandemic, says an industry association.

Bangkok Post

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AAP

COVID-19 vaccinations saved Aust $181b

Australia's COVID-19 vaccination rollout not only saved lives but led to an overall estimated $181 billion benefit to the wider economy, new modelling shows.

Fortune

Here are 3 solid investments to consider during a recession (and 3 to avoid)

By building a strong portfolio of diversified investments, you can weather any market storm—even a recession.

The Guardian - US

‘Heartless’ mass layoffs hit US workers ahead of holidays

Job cuts have risen this year, even as the US economy shows no signs of a downturn for now

Asharq Al-Awsat

Syria Fuel Crisis Slows Down Life in Damascus

Syrian student Ziad al-Ezz can no longer get to university as severe fuel shortages cripple the capital Damascus, pushing residents to seek alternatives for heating and shuttering businesses. With the country's economy battered by more than a decade of war, authorities have announced four fuel price hikes since the start…

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Tribune News Service

Germany pushes back on Russia with opening of gas terminal

Germany opened its first state-chartered liquefied natural gas vessel as Europe’s largest economy races to replace Russian gas amid an energy crunch and freezing temperatures.

Bangkok Post

Honour models for democracy

Since the 1998 ouster of the dictator Suharto -- who ruled Indonesia with an iron fist for over three decades -- the world's fourth most populous nation has undergone a series of rapid changes. Once dependent on foreign aid to exercise its basic functions, Indonesia has firmly established itself as…

Manchester Evening News

Andy Burnham's answer to school leavers who don't want to go to university

The Greater Manchester mayor wants to set up a simplified system for school leavers to choose clear routes to employment and involve businesses to identify the skills lacking in the economy

The Independent UK

Scholz inaugurates 1st liquefied gas terminal in Germany

Chancellor Olaf Scholz has inaugurated Germany’s first liquefied natural gas terminal, declaring that the speed with which it was put into service is a signal that Europe’s biggest economy will remain strong

Caixin Global

Wang Tao: Key Takeaways From China’s Central Economic Work Conference

Stabilizing growth is the top priority, with measures to boost the real estate sector and a supportive tone for non-SOEs, foreign investors and online platforms

The Japan News/Yomiuri

Factories in China feel brunt of rising COVID infections

BEIJING / SHENYANG -- The end of Chi- na's zero-COVID measures is likely to dampen its economy for some time, as the abrupt policy change has unleashed a rapid spread of infections, with an increasing number of factories consequently forced to slow down.

The Independent UK

What Trump promised, Biden seeks to deliver in his own way

Donald Trump pledged to fix U.S. infrastructure as president

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People

Kriengkrai Thiennukul

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Office for Budget Responsibility

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