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The Latest Breaking News on Economy

Treasurer admits 'difficult' budget ahead for Qld

The Queensland government will maintain its commitment to cost-of-living relief for households despite the treasurer warning of a difficult budget ahead.

AAP

Budget surplus 'still our goal' despite war, inflation

A budget surplus is "still our goal" but the degree of difficulty has risen with global economic uncertainty hitting tax revenue, Treasurer Jim Chalmers says.

AAP

Economists 'can safely say' recession is over after February GDP rise, but growth still slow

The meagre growth, not helped by torrential rain that hammered the construction sector, marks a slowdown from a 0.3% advance in January

Evening Standard

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Whether Australia’s budget has a surplus tells us little about the government’s worth – it’s all on the choices made

Do you direct the recourses of the economy on things that produce good outcomes for Australians, or spend $4.6bn to improve the UK economy?

The Guardian - AU

Conservatism’s biggest failure is the despair it has created about Britain’s future

Fantasies about British exceptionalism have brought the UK to the brink of collapse. We need a new, realistic vision, says author and journalist Will Hutton

The Guardian - UK

Former Jharkhand CM Hemant Soren withdraws from Supreme Court his plea against HC order

Former Jharkhand CM Hemant Soren withdraws plea challenging high court order, remains under judicial custody for money laundering case.

The Hindu

Why UK recession may be deeper than two quarters of falling GDP suggest

Greater fall per head and latest trade data illustrate longer term decline of economy

The Guardian - UK

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Wages of Indian workers have remained almost same in last 10 years: Data

A report by Bahutva Karnataka shows that the share of self-employed workers increased, while the share of those in formal employment remained low

The Hindu

House To Vote On Critical Government Spending Legislation

House prepares for crucial vote on government spending legislation to avert shutdown. Bipartisan cooperation needed for timely approval.

Top News

Fed Again Holds Interest Rates Steady

Inflation has eased over the last year but remains elevated, the central bank says.

Kiplinger

Now is not the time to do anything more to slow the economy – it’s already in danger of stalling

The Sahm rule lets us get in front of recessions – so alerts should be flashing in the Treasury and RBA

The Guardian - AU

NSW ups fight for GST amid move to 'wellbeing' budget

Premier Chris Minns has vowed to push to overhaul a "broken" GST distribution system as his government prepares for a budget focusing on more than the economy.

AAP

US Fed To Provide Fresh Clues On Rate Cuts After Uptick In Inflation

The US Federal Reserve is widely expected to keep its key lending rate unchanged again on Wednesday, as policymakers continue discussions over when to start rate cuts and launch the next phase in their long-running battle against inflation.

International Business Times

Eyes On Bank Of Japan As Unions Announce Wage Hikes

The results of key wage hike negotiations in Japan will be announced Friday, with a win for workers expected to set the stage for a hotly anticipated shift away from the central bank's ultra-loose monetary policy.

International Business Times

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Evening Standard

OPINION - All models are wrong (except the Office for Budget Responsibility's Brexit forecasts)

"All models," the British statistician George Box observed, "are wrong, but some are useful." To which we now turn to the Office for Budget Responsibility, whose Brexit forecasts seem to be holding up remarkably well.

The Guardian - AU

Second surplus on track for Australia but budget will report a fall in revenue, treasurer says

Jim Chalmers says slide in iron ore prices and uptick in jobless rate mean budget will report a much smaller revenue upgrade than in recent years

AAP

Investment expert warns prices 'rollercoaster' possible

Unwinding pandemic effects will cause inflation to fall quickly, a key investment strategist expects, before supply shocks keep it higher over the long term.

The Guardian - UK

Immigration is good for tax receipts - and five other things we learned from the budget

Just one of the messages that may surprise fans of Britain’s chancellor

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The Guardian - US

US adds 275,000 jobs in February as labor market continues to grow

Layoffs climb sharply with last month’s rate the highest of any February since 2009 but expert says ‘job gains remain solid’

Evening Standard

International Women's Day: How is the gender pay gap in 2024?

Employers with 250 or more workers must submit to the Government information on the gender pay gap within their companies annually

AAP

Slowing economy can't be ignored in budget: Chalmers

The treasurer says the upcoming federal budget will be a balancing act between fighting inflation and addressing a slowing economy.

International Business Times

Inflation Is Still A Problem -- What It Means For The Fed

The price of goods and services remains elevated around the U.S., as evidenced by four recent reports by the U.S. government.

The Hindu

Vignettes of a Janus-faced economy

As India braces for the next general election, claims and counter-claims on the performance of the economy have been a prominent theme for discussions

International Business Times

Japan Inflation Falls To 2% In January

Japanese consumer inflation slowed for the third straight month to 2.0 percent in January, government data showed Tuesday.

The Hindu

Changing the growth paradigm

Rather than trying to catch up with rich countries on their historical development paths, India should take advantage of its present realities.

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