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The Latest Breaking News from Inflation

A global recession is coming, and this is where economists predict will fare the worst

IMF director Kristalina Georgieva said simultaneous contractions in three major economies—the U.S., the EU, and China—will be the driving forces behind a global recession in 2023.

Fortune

Tory poll expert sounds inflation warning to Rishi Sunak over May vote

Local elections will be a major test for the Prime Minister, Lord Hayward warns

Evening Standard

Inflation, growth, budget & more: 10 factors that may impact the Indian economy in 2023

NEW DELHI: The year 2022 posed severe challenges for the economy since the beginning. With cases of Covid-19 receding after 2 years of mayhem, this year was being watched as a good opportunity for the economies to recover completely from the pandemic slump.

The Times of India

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America's health care focus shifting in 2023

America appears to be re-setting its priorities when it comes to health care as inflation and talk of a recession loom larger on voters' minds.

Axios

Turkey inflation slows to 64% in boost to Erdogan

Official data show that inflation in Turkey has slowed in December thanks to a favorable base effect

The Independent UK

Asian markets mixed ahead of Fed report, US jobs data

Asian stock markets are mixed ahead of updates on U.S. employment amid fears of a possible global recession

The Independent UK

Government 'driving house inflation' as standard Irish home now costs 7.7 times average wage

Sinn Fein's housing spokesman claims that red tape is slowing down the delivery of much needed homes

Dublin Live

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Asian markets mixed ahead of Fed report, US jobs data

Asian stock markets were mixed Tuesday ahead of updates on U.S. employment amid fears of a possible global recession

The Independent UK

A challenging year ahead

Global economic growth in 2023 is expected to remain sluggish, following a year roiled by the war in Ukraine and soaring inflation.

Bangkok Post

‘Crisis’ as at least 500 migrants arrive in Florida Keys

Economic turmoil, food shortages and soaring inflation in Cuba and other parts of the Caribbean is spurring the most recent wave of migration

The Independent UK

New tax brackets and other IRS changes can boost paychecks, lower taxes

Yearly changes made by the IRS can have a significant impact in the era of high inflation.

Axios

Congress to hold protest against 'anti-people policies' of BJP govt across 13 districts

DEHRADUN: The Opposition Congress in Uttarakhand has announced to stage protests in all 13 districts against the “anti-people policies of the Union and state governments and inflation.” The Congress members would set ablaze effigies of the BJP government in all districts.

The Times of India

Warning cost of European holidays will rise for summer 2023

Prices of holidays in Europe are set to rise further as hotels and travel companies face rising energy bills and inflation costs

Wales Online

Earnings, yield to drive returns in 2023

Rising inflation and interest rates have led to upheaval in global share markets and that trend could continue in the new year.

AAP

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The Times of India

Budget, recession, elections: 10 factors that may influence stock markets in 2023

NEW DELHI: After a yearly gain of 4.4%, investors of benchmark BSE sensex are now looking forward to a fresh beginning in 2023.

The Guardian - UK

Croatia takes final steps into EU with open border and euro switch

Common currency was already used for valuations and bank deposits in former Yugoslav country, which joined the EU in 2013

Daily Mirror

NHS strikes could run for months as Tories plan fresh pay cuts for staff next year

Unions and the NHS leaders fear Health Secretary Steve Barclay will seek to limit next year's pay rise for healthcare staff other than doctors and dentists to just 2% - amounting to a real terms wage cut

The National (Scotland)

Third of global economy to be in recession in 2023, IMF chief warns

A THIRD of the world economy will be in recession in 2023, the head of the International Monetary Fund (IMF) has warned.

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The New Daily

Inflation crossroads: Where cost-of-living crisis, interest rates could go in 2023

It’s been a rollercoaster year for families as a cost of living crisis has combined with steep interest rate hikes to squeeze millions.

Salon

Five key elections coming in 2023

Argentina, Nigeria and Turkey will hold crucial elections, with inflation, corruption and democracy on the ballot

Fortune

Will 2023 be a bad time to change jobs?

“The Great Resignation, Quiet Quitting, and record levels of job openings proved that the war for talent is over, and talent has won ,” said chief marketing officer at Greenhouse.

Asharq Al-Awsat

European Shares Start 2023 on Upbeat Note on Encouraging Factory Data

European shares rose in the first trading session of 2023 on Monday as euro zone manufacturing data suggested the worst had passed after a year marred by fears of a recession as central banks hiked rates globally. The pan-regional STOXX 600 rose 0.8%, supported by consumer discretionary stocks.

The Independent UK

Asian markets mixed after S&P 500 ends worst year since 2008

Shares have begun the year mixed, with most markets closed for New Year holidays

Tribune News Service

Israel’s new finance minister eyes measures to boost competition

Bezalel Smotrich, Israel’s finance minister in the government of newly appointed Prime Minister Benjamin Netanyahu, will seek to boost competition in the economy as the country faces higher inflation and rising interest rates.

The Guardian - UK

NHS unions say plans for 2% pay rise next year could mean more strikes

Ministers have asked NHS pay review body to cap increase for 2023-24, below predictions for inflation

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