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The Latest Breaking News from Economy

Will Liz Truss still be Prime Minister by the time you have finished this column?

There is complete political chaos, but it doesn't have to be this way...we can be saved by independence.

Daily Record

UK to be plunged into recession until summer 2023, economists warn

Britain’s economy is expected to shrink around 0.2 per cent each quarter from October through to June next year

The Independent UK

Goldman Sachs expects worse UK recession in 2023

Bank tips economy to shrink 1% in downgraded forecast, but also predicts lower inflation and interest rates

The Guardian - UK

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Sturgeon: Independence ‘essential’ to build an economy that works for everyone

The First Minister is to set out the economic case for an independent Scotland on Monday in the latest independence paper.

The Independent UK

UK economy to enter recession until summer 2023, financial experts warn

Britain’s economy is expected to shrink around 0.2% each quarter from October through to June next year.

The Independent UK

Another Xi term sits well with business sector

The 20th National Congress of the Chinese Communist Party (CCP) started on Sunday in Beijing, with Xi Jinping likely to be re-elected as the country's president during meetings behind closed doors at the Great Hall of the People.

Bangkok Post

Surprise petrol price dip amid global fear

Motorists are seeing a mixed bag of petrol prices, with some retailers even charging less than the wholesale price, as global economic warnings abound.

AAP

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Brazil to nominate ex-central bank governor Goldfajn for top IDB job -source

Brazil plans to nominate former central bank governor Ilan Goldfajn to head the Inter-American Development Bank (IDB), a person familiar with the matter said on Sunday, as Latin America's largest economy seeks to secure its first presidency of the institution.

Reuters

Saudi Economy Ministry Launches Indicator to Monitor Private Sector’s Performance

The Ministry of Economy and Planning launched on Sunday a novel economic analysis index, known as MEPX, to monitor the performance of the Kingdom’s private sector, the Saudi Press Agency reported. MEPX is a leading indicator that has been designed and developed by the Ministry’s economic analysts to track ten…

Asharq Al-Awsat

Treasurer Jim Chalmers warns of global economy's 'perilous path' ahead of federal budget

Figures released by the government, which are not expected to change before budget night, show the extent of Treasury's downgrades.

ABC News

UK economy is now an international punchline, claims Labour after Biden jab

Asked about Liz Truss’s original plans, the US president said: ‘I wasn’t the only one that thought it was a mistake.’

The Independent UK

Paul LePage: is Maine ready to welcome back the ‘Trump before Trump’?

The Republican ex-governor was known for his offensive, belligerent attitude – but this time, he says he’s reformed

The Guardian - US

Nicola Sturgeon says no other country is better prepared for independence than Scotland

The First Minister's comment comes as the Scottish Government is due to publish a paper on its plans for the economy and currency of an independent Scotland.

Daily Record

‘Send off the clowns’ - Labour launches new attacks on Tories as party gears up for election

In two posters, Labour attacks the Government for damaging the UK’s standing on the world stage and hiking mortgages

Evening Standard

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Asharq Al-Awsat

OAPEC Says OPEC+ Decision is Correct and Came at Right Time

The Secretary-General of the Organization of Arab Petroleum Exporting Countries (OAPEC), Ali bin Sabt, said the OPEC+ decision to cut oil production is correct and was taken at the right time. In a press statement issued by OAPEC on Saturday, bin Sabt confirmed that the "decision took into account the…

Reuters

Xi says China will seek to lift birth rate in face of ageing population

China will enact policies to boost its birth rate, President Xi Jinping said on Sunday, as policymakers worry that an imminent decline in China's population could hurt the world's second-biggest economy.

WEKU

Xi signals continuity in his China Communist Party congress speech

Chinese leader Xi Jinping signalled his government would maintain policies that have put it at odds with the U.S. and other nations and deepened Communist Party control of the economy and society.

The National (Scotland)

Wellbeing case puts Yes vote at 61 per cent, bombshell poll finds

SIX in 10 voters would back Yes if they were convinced an independent Scotland will deliver higher pensions and an economy based on the health and…

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news in one place.

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The National (Scotland)

'We're in the perfect position for independence,' says Nicola Sturgeon

FIRST Minister Nicola Sturgeon has said no country in history has been better prepared to become independent than Scotland.

Reuters

Xi says China will unwaveringly support private economy

China will unwaveringly support the private economy and let the market play decisive role in resource allocation, President Xi Jinping said in a speech on Sunday at the opening of the once-in-five-year Communist Party Congress in Beijing.

Al Jazeera

China Congress: Economic trends to watch as Xi consolidates power

China’s economy is facing some of the worst headwinds in decades as the ruling Communist Party holds key congress.

The Independent UK

Sturgeon: No country has been better prepared for independence than Scotland

The Scottish Government is due to publish a paper on its plans for the economy and currency of an independent Scotland on Monday.

Tribune News Service

Craig, Kistner battle over economy, abortion in top-dollar U.S. House race

MINNEAPOLIS — The Twin Cities' southern suburbs and rolling rural communities that stretch toward Mankato have become a key front in the nationwide battle for control of Congress.

The Independent UK

Labour attacks Tories in new posters as party gears up for election

In two posters, Labour attacks the Government for damaging the UK’s standing on the world stage and hiking mortgages.

Manchester Evening News

"We have to be honest": New Chancellor Jeremy Hunt's warning as he promises to get economy back on track

He has warned of 'difficult' economic decisions to come

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