The Latest Breaking News from Economy

U.S. economy expands at 2.9% annual rate in fourth quarter

Over the calendar year, GDP grew by 2.1% in 2022.

Axios · Jan 26, 2023

US economy slowed but still grew at 2.9% rate last quarter

The U.S. economy expanded at a 2.9% annual pace from October through December, ending 2022 with momentum despite the pressure of high interest rates and widespread fears of a looming recession

The Independent UK · Jan 26, 2023

The U.S. economy ended 2022 on a high note. This year is looking different

The U.S. economy grew at an annual rate of 2.9% in the final three months of last year — a surprisingly strong finish. But growth is expected to slow in 2023, and possibly even reverse.

WEKU · Jan 26, 2023

Egypt Economic Growth Seen Quicker than Government Forecast

Egypt's economy will grow 4.8 percent in the current fiscal year, faster than predicted by the government, but will not meet government targets over the medium term, a Reuters poll showed on Wednesday. The predictions follow the approval last month of a $3 billion financial rescue package from the International…

Asharq Al-Awsat · Jan 26, 2023

US economy grows faster than expected; Royal Mail resumes some overseas deliveries – as it happened

Growth of 2.9% suggests a soft landing despite rate rises, say some analysts, as others still forecast a ‘mild recession’

The Guardian - UK · Jan 26, 2023

Opium farming surges in Myanmar since the military coup, the U.N. says

The production of opium in Myanmar has flourished since the military's seizure of power as the faltering economy has led more people toward the drug trade, according to a new United Nations report.

WEKU · Jan 26, 2023

AP News Digest 3:20 am

Here are the AP’s latest coverage plans, top stories and promotable content. All times EST. For up-to-the minute information on AP’s coverage, visit Coverage Plan.

The Independent UK · Jan 26, 2023

Israel's high-tech economic engine balks at govt policies

Israel’s tech industry has long been the driving force behind the country’s economy

The Independent UK · Jan 26, 2023

US Growth Expected to Slow in Fourth Quarter as Downturn Fears Loom

The US economy is forecast to have grown but at a slower pace in the final months of 2022, helped by consumption and business investment although recession fears loom. Economic activity has been easing as the US central bank hiked the benchmark lending rate seven times last year, in hopes…

Asharq Al-Awsat · Jan 26, 2023

China's open borders and push to stoke economy may revive dealmaking, advisers say

China's reopened borders and renewed focus on boosting the sagging economy have brightened the deals outlook, with bankers starting to field interest for mergers, acquisitions and fundraising involving the world's second-largest economy.

Reuters · Jan 26, 2023