The Latest Breaking News from Economy

Survey: The US economy has a 64% chance of entering a recession this year

More likely than not, the U.S. economy will enter a recession this year, Bankrate’s Fourth-Quarter Economic Indicator poll found.

Tribune News Service · Jan 16, 2023

Study Envisages Connection between Innovation, Financing, Trade with Global Economy

Saudi researcher Dr. Raja Almarzoqi underscored the connection between innovation, international commerce movement, financing and economic growth that has become an enabler of global economy that crosses borders. He called for the adoption of government policies and legislations that would benefit further from the relationship between research, development of innovation…

Asharq Al-Awsat · Jan 16, 2023

Ramaphosa cancels Davos trip amid South Africa energy crisis

Africa’s most industrialised economy being hit by daily power cuts as anger grows among opposition and public

The Guardian - UK · Jan 16, 2023

China’s re-opening after Covid could be very bad news for global inflation

I spent last week in Hong Kong and Singapore, singing for my supper. It was just ahead of Chinese New Year — the Year of the Rabbit begins on January 22 — and, in the past, both cities would have been heaving. On this occasion, however, only Singapore was. Hong…

Evening Standard · Jan 16, 2023

Asian shares mostly higher after gains on Wall Street

Shares are mostly higher in Asia after Wall Street benchmarks ended last week on a high note

The Independent UK · Jan 16, 2023

'Senior Labour figures right to be haunted by fear of Conservative resurrection'

The economy crash, the NHS crisis, Covid and the invasion of Ukraine don’t explain why we’re doing worse than similar nations, so Rishi Sunak will struggle to escape the grave

Daily Mirror · Jan 15, 2023

Signs that the UK economy could be recovering better than expected

Experts forecast falling energy costs and a halving of inflation lie ahead but warned some will still struggle

The Independent UK · Jan 15, 2023

Evaluating the China effect

One-third of the world economy may slide into a recession this year, but the outlook for China remains more murky.

Bangkok Post · Jan 15, 2023

Russia’s tycoons fear tightening Kremlin squeeze as Putin’s war drags on

As Vladimir Putin pushes his war in Ukraine into its second year, the deepening militarization of Russia’s economy is fueling fears among the country’s business elite that the squeeze on their companies is only just beginning.

Tribune News Service · Jan 15, 2023

How the Fed Redistributed Wealth and Encouraged Reckless Corporate Behavior

The Lords of Easy Money argues that the Fed created an economy with nearly irresistible incentives for foolish choices.

Reason · Jan 15, 2023