The Latest Breaking News from Economy

India’s economy faces significant external headwinds, IMF says

NEW DELHI: India’s economy faces notable risks from global developments, including aggressive central bank actions and the fallout of the prolonged war in Ukraine, according to the International Monetary Fund.

The Times of India · Oct 13, 2022

Indian official dismisses report trade deal with UK on ‘verge of collapse’ over Suella Braverman comments

Truss led the opening rounds of trade talks in 2021 which was considered a shot in the arm for UK’s post-Brexit economy

The Independent UK · Oct 13, 2022

Why semiconductors are central to world economy, geopolitics

The Chinese Communist Party Congress opens in Beijing on October 16, a week after Washington imposed tight restrictions on exports of invaluable semiconductor technology to China in a bid to stop it from surpassing the US economically and militarily. As semiconductors emerge as a key battleground, FRANCE 24 spoke to…

France 24 · Oct 13, 2022

Piper tables port bill, slams 'straitjacket' on Hunter economy

Mr Piper has tabled legislation seeking to scrap controversial penalties on Newcastle developing a large-scale container terminal.

Newcastle Herald · Oct 13, 2022

Meeting gives China's Xi a chance to tighten hold on economy

A meeting of the ruling Communist Party to install leaders gives President Xi Jinping, China’s most influential figure in decades, a chance to stack the ranks with allies who share his vision of intensifying pervasive control over entrepreneurs and technology development

The Independent UK · Oct 13, 2022

Yellen warns of 'geopolitical coercion' by Russia, China

U.S. Treasury Secretary Janet Yellen on Wednesday said the global economy was facing "significant headwinds" and the United States was working to shore up its supply chains and guard against "geopolitical coercion" by Russia, China and others.

Reuters · Oct 12, 2022

Consumer confidence continues to improve

Consumer confidence picked up for a fourth straight month in September, hitting an eight-month high, helped by a reduction in the Covid-19 infection rate and improved business activity following the relaxation of pandemic-era restrictions.

Bangkok Post · Oct 12, 2022

Treasurer Jim Chalmers warns of US recession prior to meeting with G20 counterparts

Treasurer Jim Chalmers acknowledges the "deteriorating global economy and rising inflation" would put pressure on his upcoming budget, ruling out changes to legislated stage 3 tax cuts.

ABC News · Oct 12, 2022

War-torn Ukraine needs at least $3 billion a month in 2023, IMF says

Ukraine will need at least $3 billion a month next year to finance its wartime economy, which means allies will have to step up with more support, the head of the International Monetary Fund said.

Tribune News Service · Oct 12, 2022

Why Liz Truss' pledge not to cut public spending is not all that it seems

Critics believe the Prime Minister has three options: U-turn and cut spending, U-turn on tax cuts, or keep going and drive the economy off a cliff. Some of the answers may lie in the detail

Daily Mirror · Oct 12, 2022