The Latest Breaking News on Economy

Shrugging off rampant inflation and rising interest rates, the U.S. economy grew at an unexpectedly strong 3.2% annual pace from July through September, the government reported Thursday in a slight upgrade from its earlier estimate of third-quarter growth

Growth has been weaker than estimated throughout much of the past year

Oman is forecasting a 1.3 billion rials ($3.39 billion) deficit in its 2023 budget, or 3% of the gross domestic product, following an expected surplus this year after higher oil prices boosted revenues. State media reported the Gulf state expects revenues of 11.7 billion rials ($30.2 billion), up 10% over…

Seven in ten adults expect Britain’s general economic conditions to get worse in 2023, a new poll revealed on Wednesday.

Jeremy Hunt blames Covid and Ukraine for woes, as chancellor promises to half inflation in 2023

Research shows public sector salaries have fallen significantly behind those in the private sector

Record View says Scots must be convinced the Government is as careful with its budgets as families are with theirs during the cost of living crisis.

The government will roll out a package of stimulus measures as "New Year gifts", including tax rebates for shoppers, reductions in land and building taxes, and property transaction fees to boost public consumption and the economy over the coming year.

Public schools are allowed to offer cash incentives to attract staff, but as a teacher shortage bites, some fear the practice is creating an "arms race" that leaves poorer state schools behind.