The Latest Breaking News from Economy

OLD EXPLAINER: How do we know when a recession has begun?

The economy shrank in the first half of this year, underscoring fears of a broad-based slowdown that could lead to a recession

The Independent UK · Sep 29, 2022

Truss: I want to work with Nicola Sturgeon

The Prime Minister stood by her economic plans despite a tumultuous week for the UK economy.

The Independent UK · Sep 29, 2022

Liz Truss: Tory tax cuts would 'turbocharge' Scottish economy

LIZ Truss has urged the Scottish Government to replicate her government's tax-slashing budget - saying it could help "turbocharge" the…

The National (Scotland) · Sep 29, 2022

Nationalist divisions dim hopes for change after Bosnia's election

Divisive nationalism has dominated campaigning for Bosnia's presidential and parliamentary elections on Oct. 2, suggesting reformists keen to modernise a dysfunctional economy and improve rule of law have scant chance of winning.

Reuters · Sep 29, 2022

Government hikes interest rates on some small savings schemes by up to 30 bps in Q3

NEW DELHI: The government on Thursday raised rates on some small savings schemes by up to 30 basis points (bps) in line with the hardening interest rate in the economy.

The Times of India · Sep 29, 2022

US economy drops at 0.6% annual rate from April through June

Battered by surging consumer prices and rising interest rates, the U.S. economy shrank at a 0.6% annual rate from April through June, the government announced Thursday, unchanged from its previous second-quarter estimate

The Independent UK · Sep 29, 2022

Fewer people seek US unemployment aid amid solid hiring

The number of Americans filing for jobless benefits dropped last week, a sign that few companies are cutting jobs despite high inflation and a weak economy

The Independent UK · Sep 29, 2022

Liz Truss defends mini-Budget as the ‘right plan’

Prime Minister Liz Truss has defended her Chancellor’s mini-Budget as the “right plan” as she began a series of regional interviews on Thursday morning. After the pound plummeted following Kwasi Kwarteng’s intervention last week, the prime minister was attempting to restore confidence in the market as she takes on 24…

Evening Standard · Sep 29, 2022

Butter, garage doors and SUVs: Why shortages remain common 2½ years into the pandemic

Shortages of basic goods still plague the U.S. economy – 2½ years after the pandemic’s onset turned global supply chains upside down.

The Conversation · Sep 29, 2022

Opinion: With mortgage rates and the economy it’s better to plan and calculate than take a risk

"Many of the inflationary pressures are temporary and have a cause, which can be remedied with the right appetite"

Birmingham Post · Sep 29, 2022