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The Latest Breaking News from Economy

Joint business group sticks by GDP outlook despite inflation risk

The Thai economy is still expected to grow 2.75% to 3.5% this year, helped by increased exports, more tourists, and government support, but faces rising inflationary pressures, a leading joint business group said on Wednesday.

Bangkok Post · Aug 3, 2022

Commentary: As Americans reel from stagflation, Manchin pitches tax hikes

Stagflation is here. Inflation notched a fresh 40-year high of 9.1 percent in June, and the economy shrank in the first and second quarters of the year.

Tribune News Service · Aug 3, 2022

Sri Lanka leader proposes 25-year plan for crisis-hit nation

Sri Lanka’s new president says his government is preparing a national policy roadmap for the next 25 years that aims to cut public debt and turn the country into a competitive export economy as it seeks a way out of its worst economic disaster

The Independent UK · Aug 3, 2022

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Opec+ agrees small oil output rise in rebuff to Biden; UK inflation ‘could hit 15%’ – as it happened

Oil producers will lift oil production by 100,000 barrels per day in September, a much smaller rise than in recent months

The Guardian - UK · Aug 3, 2022

Millions of Brits to be hit by 'recession with poorest areas affected most'

The UK is set to head into recession according to the National Institute of Economic and Social Research which also predicts that it will be the poorest areas that will be worst affected

Daily Mirror · Aug 3, 2022

Holistic approach to education needed: Kerala CM tells institutions

Pinarayi inaugurates Connect Career to Campus campaign of the Kerala Knowledge Economy Mission

The Hindu · Aug 3, 2022

What people and what companies say about employment mean different things

Would you believe the U.S. economy lost 315,000 jobs in June? And that it gained 372,000 jobs the same month?

Miami Herald · Aug 3, 2022

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Stagflation 'nightmare' as recession warning issued to millions of UK households

Millions of the most vulnerable households will be hit, warns economic report

Wales Online · Aug 2, 2022

Lorna Slater ‘terrified’ by Tory leadership candidates’ approach to economy

The Scottish Greens co-leader accused both Liz Truss and Rishi Sunak of ‘disrespecting’ the Scottish people and the Scottish Parliament.

The Independent UK · Aug 2, 2022

Stagflation warning as UK ‘set to enter recession’

The National Institute of Economic and Social Research said the threat of stagflation has returned for the first time since the 1970s.

The Independent UK · Aug 2, 2022

Robinhood cuts nearly a quarter of its staff as the pandemic darling loses its shine

Robinhood – the company that became a household name during the pandemic – is cutting staff, citing a deteriorating economy and worsening market.

WEKU · Aug 2, 2022

Taking a deep dive into the baht rebound

The currency of Southeast Asia's second-largest economy traded against the greenback at 36.08 on Monday, appreciating 1.4% compared to a week prior.

Bangkok Post · Aug 2, 2022

Economist explains when we’ll know the recession is here and how long it will last

North Carolina economists last week told The Charlotte Observer they’re increasingly concerned about an impending recession.

Tribune News Service · Aug 2, 2022

Argentina's latest economy chief announces new agriculture pick

Argentina's incoming economy minister, dubbed a "superminister" due to his expanded portfolio, announced new secretary picks including for the key farm sector on Tuesday, part of the government's latest bid to reign in a severe economic crisis.

Reuters · Aug 2, 2022

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The Guardian - AU · Aug 2, 2022

Environmental and Covid challenges threaten Australia’s productivity rate after slowest growth in 60 years

Country generates seven times more output than in 1900, review finds, but remains ‘highly exposed’ to threats of climate change

Ballotpedia · Aug 2, 2022

Economy and Society, August 2, 2022: Governor DeSantis bans ESG criteria in state pension fund management

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics.

Asharq Al-Awsat · Aug 2, 2022

A Year on, Iran’s Raisi Faces Economy in Trouble

A year after Iran's President Ebrahim Raisi took power, his government has curbed the Covid pandemic but faces a sharp downturn of the sanctions-hit economy as nuclear talks remain stalled. Having pledged to help especially the poor, the ultraconservative cleric now faces runaway consumer prices that have sparked protests. Raisi…

The Conversation · Aug 2, 2022

War is stopping Ukraine from paying its debts -- here's how international powers can continue to support its recovery

Ukraine is burning through money fast. The invasion by Russia has been costly for the country. According to the International Monetary Fund, Ukraine’s GDP could shrink by 35% as a result of the war. The country’s international grain exports have been severely hampered, with a recent deal to restart exports…

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The Times of India · Aug 2, 2022

India's unemployment lowest in 6 months at 6.80% in July: CMIE

MUMBAI: The country's unemployment rate in July fell to 6.80 per cent, the lowest level in the last six months, amid rising agriculture activities during monsoon, according to Centre for Monitoring Indian Economy (CMIE) data.

The Guardian - UK · Aug 2, 2022

One in five nightclubs in Great Britain closed during Covid pandemic

Data shows only 1,130 nightclubs remain in England, Wales and Scotland – a 20% drop on March 2020

The Independent UK · Aug 2, 2022

U.S. job openings slid to 10.7 million in June

American employers posted fewer job openings in June as the economy contends with raging inflation and rising interest rates

StockNews.com · Aug 2, 2022

2 Stocks That Could Be Long-Term Winners for Investors

With the economy reporting two consecutive quarters of GDP decline, many analysts believe that the economy has already entered a recession. During periods of market uncertainty, investors should look for stocks that could win in the long run based on their strong fundamentals and solid growth prospects. We think Pfizer…

Wales Online · Aug 2, 2022

Senior Tory says second homes crackdown will drive people away and depress house prices

Welsh Secretary Robert Buckland MP said people with long-term links to Welsh communities would be driven out by the second homes crackdown

Tribune News Service · Aug 2, 2022

Editorial: US, world face economic turmoil

Whether America is in a recession or not has yet to be officially determined. But unofficially, U.S. consumers may already believe that a downturn has begun and may be accelerating after a week of consequential economic news and months of rising prices.

Axios · Aug 2, 2022

Taiwan tensions eclipse China's economic slump

President Xi has de-emphasized the economy — and is focusing on building China's global status as a "great power."

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