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The Latest Breaking News on Economy

What do politicians really think of economists? Our new research explains why relations fell apart after 2008

As countries across Europe and around the world grapple with high living costs and impending recession, voters are concerned about the economy and how their elected representatives will fix it.

The Conversation

Opinion: Agile strategy key for businesses in 2023 given 'war' on profitability

"We now expect downward pressure on prices as customers seek out cheaper alternatives"

Birmingham Post

2022 was a rough year for people everywhere – South Africa was no exception

Tough economic conditions meant that 2022 was a rough year for people everywhere in the world. South Africa was no exception. But this year’s crop of problems came on top of a legacy of poor economic performance.

The Conversation

From analysis to the latest developments in health,
read the most diverse news in one place.

US Federal Reserve Raises Interest Rate, Highest since 2007

The US Federal Reserve reinforced its inflation fight Wednesday by raising its key interest rate for the seventh time this year and signaling more hikes to come. The central bank boosted its benchmark rate a half-point to a range of 4.25% to 4.5% and projected it would continue rising to…

Asharq Al-Awsat

Subsidies To Help Workers Would Hurt Poor People

Some people would benefit. Others would lose money or be rendered unemployable.

Reason

Scotland ‘constrained by devolution’ in tackling cost of living crisis

THE cost of living crisis shows up the “fiscal constraints of devolution”, Scotland’s Deputy First Minister has said as he prepares to set out…

The National (Scotland)

Australia’s unemployment rate remains at 3.4% in November as 64,000 new jobs added

National jobless rate remains at near 50-year low as rebounding economy faces labor shortages from lack of migration

The Guardian - AU

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Unemployment holds steady despite shock jobs surge in November

Australia's unemployment rate remains steady at 3.4 per cent, despite the shock addition of 64,000 extra jobs over the past month.

ABC News

Unemployment rate remains at 3.4 per cent

Australia's unemployment rate has stayed at 3.4 per cent, with another 64,000 jobs added to the national economy, the latest labour force figures reveal.

AAP

Lower and middle income families to 'feel the pinch' in 2023 as the economy begins to tank, ESRI says

The economists at the ESRI (Economic and Social Research Institute) have highlighted trouble coming down the tracks

Irish Mirror

Cost-of-living crisis shows up ‘fiscal constraints of devolution’ – Swinney

Deputy First Minister again lowers expectations ahead of his fiscal announcement

Insider UK

Cost-of-living crisis highlights fiscal constraints of devolution – Swinney

The Scottish Government will outline its budget on Thursday.

The Independent UK

Unemployment drops amid increasing economic activity

Unemployment declined thanks to increased economic activity and a rebound in tourism. However, household debt increased, albeit at a slower pace, while total loan quality improved.

Bangkok Post

Fed hikes key rate by half-point and signals more to come

The Federal Reserve reinforced its inflation fight by raising its key interest rate for the seventh time this year.

Chicago Sun-Times

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Tribune News Service

Powell says Fed still has a ‘ways to go’ after half-point hike

Chair Jerome Powell said the Federal Reserve is not close to ending its anti-inflation campaign of interest-rate increases as officials signaled borrowing costs will head higher than investors expect next year.

The Guardian - US

Fed eases pace of interest rate rises after signs inflation may be slowing

The US is facing a cost of living crisis with soaring inflation, with the latest interest rate hike the seventh increase this year

Bristol Post

Bristol City Council set to axe 300 staff to balance budget

Authority has to find £31million of cuts to balance its books from April

The Guardian - AU

The pandemic showed us that poverty is a policy choice – we must do better

The poorest 20% of households are aided significantly by services like education and health. But the stage-three tax cuts threatens their funding

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Daily Record

Inflation dips to 10.7% in November but remains near 40-year high - how this impacts your money

Office for National Statistics data for November shows that inflation has eased slightly, but is still close to its highest level in 40 years.

Evening Standard

FTSE 100 Live: Fed hikes rates by 0.50%, easing the size of its increases; UK inflation at 10.7%

A fresh squeeze on living costs is expected today when the Bank of England hikes interest rates by another 0.5%.

The Independent UK

UK inflation eases slightly to 10.7% ahead of Christmas

Jeremy Hunt says rising costs are still ‘number one enemy’

Evening Standard

Inflation eases slightly to 10.7% as price rises slow

The bigger than expected fall could slow the pace of interest rate hikes

The Guardian - UK

UK inflation eases to 10.7% as annual rate of price increases slows

Drop in consumer prices index had been forecast but costs continue to rise, adding to pressure on ministers to raise pay

Bangkok Post

Rate hikes to be gradual, measured - central bank minutes

Further monetary tightening will be gradual and measured, and can be adjusted if necessary, after the monetary policy committee raised its key interest rate late last month, minutes of the meeting showed on Wednesday.

Tribune News Service

US core inflation slows, giving Fed some breathing room on rates

WASHINGTON — A key gauge of U.S. consumer prices posted the smallest monthly advance in more than a year, indicating the worst of inflation has likely passed and validating an anticipated slowing in the pace of Federal Reserve interest-rate hikes.

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