The Latest Breaking News on Economy

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.

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.

Soaring inflation and aggressive central bank hikes were the theme of 2022, but will they continue with gusto in 2023? Here's what the experts think.

Economists say there is a 7-in-10 likelihood that the U.S. economy will sink into a recession next year, slashing demand forecasts and trimming inflation projections in the wake of massive interest-rate hikes by the Federal Reserve.

Rebound in North Sea earnings could also boost Scotland’s relative economic performance

SCOTLAND may experience a slightly shallower recession than the rest of the UK, experts have told MSPs ...

All year, we have heard reports of a “crisis” in Australian schools, thanks to a shortage of teachers around the country. Federal education department modelling shows there will be a high school teacher shortfall of about 4,000 by 2025.

A lot has happened since my stock market (SPY) commentary last week! We nailed the interest rate hike — 50 bps, as everyone expected — and I was right that the dot plot and post-meeting commentary would spoil the party. This has certainly been a market where any bad news…