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The Latest Breaking News on Economy

Many Americans believe they are worse off than they were before the pandemic, but the truth is that economic conditions are pretty good right now. So what's up?

Kiplinger

OPINION - This is not a drill: Britain’s economy is flashing green

I would be the first to admit it. My stories and commentaries on the state of the British economy have not made for very cheery reading over the past two or three years. Close friends have taken to calling me the Prynn Reaper during the seemingly interminable and gruelling cost…

Evening Standard

Does strong economic growth so far in 2024 bode well for Rachel Reeves? Don’t count on it

GDP growth juddered to a halt in June, backing theory the rebound is weak. The next six months could be tough

The Guardian - UK

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UK economy continues recovery from recession with GDP growth of 0.6%

ONS data shows strong performance in second quarter with the service sector helping drive growth

The Guardian - UK

Dollar jumps as strong US retail sales ease recession fears – as it happened

US retail sales grew by 1% in July, much stronger than the 0.3% expected; UK GDP grew by by 0.6% in second quarter of 2024

The Guardian - UK

Public sector wages increase at second fastest pace in 14 years, ABS data shows

Private sector wages growth was up just 0.7% for the June quarter, the equal lowest since the end of 2021

The Guardian - AU

'Four for four': Chalmers celebrates wages growth

Workers are still experiencing stronger wage growth than pre-pandemic but average pay rises have peaked and are expected to keep moderating.

AAP

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Wages, job data in focus for clues on economy, rates

New data on wage growth and demand for workers will be in focus this week, as borrowers await clues on when the central bank might cut interest rates.

AAP

Stocks Track Wall St Rally As US Jobs Data Ease Recession Fears

Equities across the planet have seen big fluctuations since a closely watched gauge of the US labour market came in well below forecasts and fanned fears the Federal Reserve may have waited too long to cut interest rates.

Latin Times

Asian Stocks Track Wall St Rally As US Jobs Data Ease Recession Fears

Asian stocks rallied Friday as investors breathed a sigh of relief after US jobs data soothed concerns that the world's top economy could tip into recession, bringing a painful week to a positive end.

International Business Times

Is the US headed for a recession?

The unexpected rise of US unemployment rate to a nearly three-year high has shaken the market and split economists.

Al Jazeera

Tokyo Plunges As Equity Markets Track Wall St On Recession Fears

US chip titan Intel became the latest bearer of bad news, warning it would slash more than 15 percent of its workforce -- about 18,000 jobs -- as it streamlines operations.

Latin Times

Gender budget gets 19% more, but health, nutrition remain underfunded

This year, the Union government allocated Rs 3.27 lakh crore or 6.8 percent of total expenditure under the gender budget, which includes schemes for the welfare of women. This represents a 19 percent increase compared to the revised estimate for 2023-24 and is also 5 percent higher than the interim budget for…

Newslaundry

Finance Minister Nirmala Sitharaman reaches in Parliament to present Union Budget 2024

Finance Minister Nirmala Sitharaman arrived in Parliament to present the Union Budget for 2024-25. Read further on Dynamite News:

Dynamite News

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The Guardian - UK

Ed Davey apologises to Alan Bates at the Post Office Horizon inquiry – as it happened

Lib Dem leader had declined meeting with campaigner in May 2010, saying "‘I do not believe it would serve any useful purpose’

USAFacts

The federal budget: an overview

In 2023, the US government brought in $4.47 trillion and spent $6.16 trillion.

The Guardian - AU

Why neither growth nor degrowth make sense as long-term objectives for Australia’s economy

What we need to reduce is the ‘throughput’ of the residual industrial economy

Latin Times

UK Economic Recovery Improves As Election Looms

Gross domestic product expanded by 0.7 percent in the first three months of this year, the Office for National Statistics (ONS) said in a statement, upgrading the prior estimate of 0.6-percent expansion and beating market expectations for no change.

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AAP

Second budget surplus in reach as inflation runs hot

Another forecast budget surplus would help in the fight against rising prices, says the government amid pressure over the latest hot inflation readout.

Al Jazeera

£10,200: How much worse off Britons are after 14 years of Tory rule

Britons have lost the equivalent 15 weeks of wages based on comparisons with pre-2010 growth trend.

The Guardian - UK

The Guardian view on councils in need: voters should be told what the parties’ plans are

Editorial: Some of the most acute public service problems are local ones. But plans for local government are missing from this election

Kiplinger

Kiplinger Special: The Long-Term Future of the U.S. Economy

Kiplinger's report into what it will take the U.S. to maintain a healthy economic growth rate.

The Guardian - AU

NSW budget: treasurer sets scene for restraint as state faces $10bn deficit over four years

Hopes of return to surplus dashed as Labor blames ‘unfair’ GST carve-up

The Independent UK

UK economy flatlines in fresh blow to Rishi Sunak’s election hopes

The economy flatlined due to wet weather hitting retail sales over the Easter period, following growth of 0.4% in March

AAP

Chalmers eyes soft landing amid budget criticism

The pressure on Australia's economy from higher interest rates justifies the decision not to deliver a "slash and burn" budget, Treasurer Jim Chalmers says.

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