The Latest Breaking News from Economy

Global economy loses $1.6 trillion as world struggles to avoid a new cold war

LONDON: The ties that bind the global economy together, and delivered goods in abundance across the world, are unravelling at a frightening pace.

The Times of India · May 19, 2022

Labor defends $7.4bn increase in deficit to fund election promises

Jim Chalmers says investments in childcare and cleaner energy are necessary and further budget savings could later be identified

The Guardian - AU · May 19, 2022

India, fastest-growing major economy, projected to grow 6.4% in 2022: U.N.

The global economy is now projected to grow by only 3.1 per cent in 2022, down from the 4.0 per cent growth forecast

The Hindu · May 19, 2022

US Congress approves new $40 billion Ukraine aid package

The US Senate overwhelmingly approved a $40 billion infusion of military and economic aid for Ukraine and its allies on Thursday as both parties rallied behind America’s latest, and quite possibly not last, financial salvo against Russia’s invasion. Follow FRANCE 24’s liveblog for all the latest developments. All times are…

France 24 · May 19, 2022

Australia's economy holds plenty of pitfalls for election winner

Whichever party takes the reins of power at Australia's election on Saturday faces an economic road pitted with pot holes, from runaway inflation to rising interest rates, ballooning debt and an over-heated housing market.

Reuters · May 19, 2022

Bitkub set to rejig 'Gen Z to CEO' push

Bitkub Capital Group Holdings and the Department of International Trade Promotion (DITP) have signed a memorandum of understanding to prepare Thailand's youth for the digital economy era and Web 3.0.

Bangkok Post · May 18, 2022

Sector Rotation And 9 Stocks To Watch During A Recession

Is the United States heading toward a recession? This has been the looming question on the minds of Americans since inflation topped at 8.5% in March, matched with other indicators such as rising interest rates and the bond market’s inverted yield curve.

Benzinga · May 18, 2022

EXPLAINER: Why is Wall Street close to a bear market?

The bears are rumbling toward Wall Street

The Independent UK · May 18, 2022

Federal election: All the updates from the campaign with Anthony Albanese and Scott Morrison — as it happened

The economy remains at the centre of the election campaign, with the latest unemployment data released on Thursday, along with Labor unveiling its policy costings.

ABC News · May 18, 2022

Spectre of 2023 global recession looms

In economics, there is no such thing as a surprise. Major economic events like rising inflation, interest rate hikes, currency depreciation, even economic recession can be detected as far as a year ahead.

Bangkok Post · May 18, 2022