The Latest Breaking News from Economy

German economy minister: 'concrete threat' to critical infrastructure

Attacks on critical infrastructure are high on the German government's agenda after suspected sabotage on the Nord Stream 1 and 2 gas pipelines, Economy Minister Robert Habeck said on Wednesday.

Reuters · Oct 12, 2022

Recession Ireland: Dublin's economy at 'weakest' level since heavy Covid-19 restrictions

Economists have been forecasting a recession in the latter part of 2022

Dublin Live · Oct 12, 2022

German government: Economy to shrink in 2023 as war bites

The German government has slashed its growth forecast for this year and predicted that Europe’s biggest economy would shrink in 2023 as it deals with the fallout from Russia’s war in Ukraine, including Moscow cutting off natural gas supplies

The Independent UK · Oct 12, 2022

Liz Truss promises NO cuts despite '£60bn needed' as Keir Starmer blasts her 'madness'

Liz Truss was facing angry MPs who are demanding she tears up more of her mini-Budget - after a month with no PMQS that has been marked by U-turns and financial turmoil

Daily Mirror · Oct 12, 2022

Tory ex-Health Minister backs more free school meals - piling pressure on Liz Truss

Lord Bethell, who served under Boris Johnson, said ensuring all children in Universal Credit households get free school dinners would boost the economy by helping kids learn and improving their health

Daily Mirror · Oct 12, 2022

‘It’s humiliating’: US voters struggle with hunger ahead of midterms

Economy in focus: Despite rising inflation and soaring grocery prices, food insecurity is a topic few politicians are addressing

The Guardian - US · Oct 12, 2022

Nirmala Sitharaman says budget to address growth, inflation concerns

Finance Minister Nirmala Sitharaman identified high energy prices among the biggest problems facing the Indian economy in the near future

The Hindu · Oct 12, 2022

Tetchy Jacob Rees-Mogg suggests mini-Budget had nothing to do with economic chaos

In a tetchy interview, the Business Secretary accused the BBC of breaching its impartiality guidelines by questioning him on the fallout after Chancellor Kwasi Kwarteng's tax-cutting blitz spooked markets

Daily Mirror · Oct 12, 2022

South West businesses blame 'hare-brained' mini-Budget as recession risk rises

The cost-of-living crisis is taking its toll on businesses with firms calling on the government to do more to help

Birmingham Post · Oct 12, 2022

IMF Confirms Saudi Economy’s Growth Forecast in Coming Years

The International Monetary Fund (IMF) confirmed its economic growth forecast for Saudi Arabia for the current year at 7.6 percent, the exact forecasts for July and April. Earlier, the Fund increased its expectations twice for the Saudi economy in 2022, making the Kingdom the only country among the G20 whose…

Asharq Al-Awsat · Oct 12, 2022