The Latest Breaking News from Economy

Will Karen Bass’ Laser Focus on Tackling Homelessness Have a Cost?

Manuel Pastor, professor and equity advocate, says while staking her political capital on showing tangible progress, Bass must also address other daunting challenges.

Capital & Main · Jan 2, 2023

Two years after Brexit 'got done', poll shows many Britons want new referendum

According to a poll carried out by the Savanta data research group, more people in the UK believe Brexit has damaged the country's economy and influence on the world stage with indicators pointing towards a growing appetite for a second referendum on EU membership.

Radio France Internationale · Jan 2, 2023

Seven massive bear traps waiting for Rishi Sunak in 2023 as nightmare year looms

From strikes and the cost of living to local elections and Tory revolts, we look at the landmines waiting for Rishi Sunak - as many believe his days are numbered

Daily Mirror · Jan 2, 2023

Third of world could be in recession in 2023, IMF chief warns

Kristalina Georgieva, the managing director of the International Monetary Fund, is warning that this year will be tougher than the last and that the war in Ukraine, rising inflation and higher interest rates will weigh heavily on the global economy. She expects the EU to be particularly hard hit, with…

France 24 · Jan 2, 2023

We must back business to drive Wales forward in 2023

It is the private sector that can deliver growth and drive the UK's economy through recession

Birmingham Post · Jan 2, 2023

Some in China Return to Regular Activity after COVID Infections

Some people in China's key cities of Beijing, Shanghai and Wuhan braved the cold and a spike in COVID-19 infections to return to regular activity on Monday, confident of a boost to the economy as more recover from infections. Among those who gathered to sled or ice skate on a…

Asharq Al-Awsat · Jan 2, 2023

Some in China return to regular activity after COVID infections

Some people in the Chinese cities of Beijing, Shanghai and Wuhan braved the cold and a rise in COVID-19 infections to return to regular activity on Monday, raising the prospect of a boost to the economy as more recover from infections.

Reuters · Jan 2, 2023

Economy at risk from China's COVID wave

The treasurer says China's COVID-19 outbreak will weigh on Australian businesses, which rely on the country's customers and suppliers.

AAP · Jan 2, 2023

Xi warns of tough COVID fight, acknowledges divisions in China

Chinese President Xi Jinping said tough challenges remain in China’s fight against COVID-19 and acknowledged divisions in society that led to rare spontaneous protests, after weeks of silence on a virus policy pivot that’s infected hundreds of millions and delivered a severe blow to economic activity.

Tribune News Service · Jan 2, 2023

2023 to be tougher for global economy than 2022, IMF chief says

IMF Managing Director Kristalina Georgieva says one-third of world’s economies expected to be in recession this year.

Al Jazeera · Jan 2, 2023