The Latest Breaking News from Economy

Former American billionaire Chuck Feeney honoured by University of Queensland for multi-million-dollar donations

In a rare move, the "eccentric" former billionaire who prefers flying economy, and has generously donated more than $500 million to Australian causes, accepts an accolade in Queensland.

ABC News · Jul 26, 2022

Why Mamallapuram was chosen to host the Chess Olympiad

Such international events will help the economy, says retired official

The Hindu · Jul 26, 2022

China's mortgage boycott is escalating. Now Evergrande suppliers have stopped paying bank loans

The property crisis in China may have entered a dangerous phase as mortgage boycotts spread and banking corruption shakes confidence, with the shadow of COVID outbreaks and lockdowns also hanging over the economy.

ABC News · Jul 26, 2022

IMF slashes forecasts for global economy in "gloomy" outlook

"The world may soon be teetering on the edge of a global recession, only two years after the last one,” an IMF economist said.

Axios · Jul 26, 2022

Five key things to know about the "is this a recession" controversy

It's hard to recall a White House deploying as much effort to pre-spin economic data.

Axios · Jul 26, 2022

Spain raises inflation forecast for 2022, lowers GDP growth target for 2023

Spain raised its inflation forecasts for 2022 and 2023 and lowered its economic growth target for 2023, Economy Minister Nadia Calvino said on Tuesday, citing the war in Ukraine for its continued negative impact on European economies.

Reuters · Jul 26, 2022

World is 'teetering on the edge of recession' as UK set to be weakest G7 economy

The outlook from the IMF isn't rosy

Wales Online · Jul 26, 2022

Biden fights talk of recession as key economic report looms

President Joe Biden wants to convince a skeptical public that the U.S. is not, in fact, heading into a recession

The Independent UK · Jul 26, 2022

Analysis: Tunisia's Saied savours near total power but faces looming economic tests

By ramming through his new constitution, President Kais Saied has cemented his role as master of Tunisia, heralding a new political era after a brief, difficult experiment with democracy.

Reuters · Jul 26, 2022

US economy sending mixed signals: Here's what it all means

The U.S. economy is caught in an awkward, painful place

The Independent UK · Jul 26, 2022