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The Latest Breaking News from Economic Growth

Why Israel-Iran tensions might not raise prices at the pump as much as feared (for now)

The unexpected attack by Israel on Iran, a major oil-producing nation, may undermine anaemic global economic growth and hinder central banks’ ability to cope in an already uncertain market.

The Conversation

The 'Big Beautiful Bill' Will Require Even More Borrowing Than Previously Thought

After accounting for the dynamic effects of the Trump-backed tax bill, the CBO concludes it will add $2.8 trillion to the deficit over 10 years.

Reason

UK economic growth downgraded due to tariffs and cost hikes – CBI

Rising costs are set to cause ‘weak’ business investment and weigh on the Government’s ambitions to accelerate growth, the business group said.

The Independent UK

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UK economic growth downgraded in blow to Rachel Reeves

The Confederation of British Industry said rising costs are set to dampen the government’s growth ambitions

The Independent UK

Dollar Rallies as Middle East Tensions Intensify and Stocks Fall

The dollar index (DXY00 ) Tuesday rose by +0.83%. The dollar moved higher on Tuesday on an increase in liquidity demand for the dollar as stocks fell after President Trump downplayed the chance of an early end to the Israel-Iran war and said he wants "unconditional surrender" from Iran. Gains...

Barchart

Weak Stocks Boost Liquidity Demand for the Dollar

The dollar index (DXY00 ) today is up by +0.22%. The dollar is climbing today on an increase in liquidity demand for the dollar as stocks fell after President Trump downplayed the chance of an early end to the Israel-Iran war. However, the dollar fell back from its best level...

Barchart

The deteriorating justice system in England and Wales is hindering economic growth

The Labour government has made economic growth its top priority, committing to planning reforms, business partnerships and millions of pounds of investment in science and technology.

The Conversation

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Federal R&D funding boosts productivity for the whole economy − making big cuts to such government spending unwise

Large cuts to government-funded research and development can endanger American innovation – and the vital productivity gains it supports.

The Conversation

World Bank warns the global economy is barreling toward its weakest decade in 50 years

The World Bank cut growth forecasts for 70% of global economies.

Fortune

Extending the Trump Tax Cuts Is a Good Idea. But It Won't Deliver 'Big, Beautiful' Economic Growth.

The budget legislation is full of other expensive provisions that will add trillions to our sky-high national debt.

Reason

Spending review delivers big boosts for health and defence – but Rachel Reeves is focused on investment

UK chancellor Rachel Reeves has delivered the government’s spending review, setting out its plans and priorities for the next three years. The aim of the review is of course to allocate spending over that time period – but this government is keen for economic growth and so has directed the…

The Conversation

Citing trade wars, the World Bank sharply downgrades forecast for global economic growth to 2.3%

President Donald Trump’s trade wars are expected to slash economic growth this year in the United States and around the world, the World Bank forecast Tuesday

The Independent UK

When lightbulb moments become reality: how academics at Sheffield Hallam University are helping firms innovate and grow

With the government intent on kickstarting economic growth and productivity, could Knowledge Transfer Partnerships with leading universities have a vital role to play?

The Guardian - UK

‘I learn faster through real-life situations’: why degree apprenticeships are proving so appealing

Learning while earning is a popular way to gain qualifications and practical on-the-job experience simultaneously – and Sheffield Hallam University is the national centre of excellence in the field

The Guardian - UK

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The Guardian - UK

UK banks to experiment with Nvidia AI in ‘supercharged sandbox’ scheme

Financial Conduct Authority launches initiative to ‘speed up innovation’ and help spur economic growth

The Guardian - UK

Vietnam scraps two-child policy as it tackles falling birthrate

Authorities seek to increase number of births amid fear ageing society could threaten economic growth plans

The Conversation

Extreme weather events have slowed economic growth, adding to the case for another rate cut

Australia’s economy slowed sharply in the March quarter, growing by just 0.2% as government spending slowed and extreme weather events dampened demand. That followed an increase of 0.6% in the previous quarter.

AAP

Australian shares surge towards record close

Australian shares have rallied as Australia's largest company hit a share price record, while weaker than expected GDP figures boosted interest rate cut hopes.

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Barchart

Crude Prices Settle Higher on Energy Demand Optimism and Canadian Wildfires

July WTI crude oil (CLN25 ) Tuesday closed up +0.89 (+1.42%), and July RBOB gasoline (RBN25 ) closed up +0.0263 (+1.28%). Crude oil and gasoline prices on Tuesday added to Monday's gains, with crude posting a 1-1/2 week high. Signs of strength in the US labor market support economic growth...

Latin Times

Republican Senator Mocked for Declaring 'An Attitude' Would Spur Economic Growth: 'America Has a Vibes-Based Economy Now'

Sen. Marshall said the "number one" key to triggering economic growth is "just an attitude," an assertion that inspired more ridicule than confidence online.

Barchart

Crude Prices Gain on US Economic Strength and Ongoing Canadian Wildfires

July WTI crude oil (CLN25 ) today is up +1.19 (+1.90%), and July RBOB gasoline (RBN25 ) is up +0.0260 (+1.27%). Crude oil and gasoline prices today added to Monday's gains, with crude posting a 1-1/2 week high. Signs of strength in the US labor market support economic growth prospects...

Euronews

OECD outlook: Can the global economy survive trade pressures in 2025?

The OECD forecasts a continued slowdown in global economic growth this year, driven by persistent trade tensions — such as US tariffs — and stubbornly high inflation.

AAP

Australia must ease zoning to fix housing crisis: OECD

Australia's economic growth forecast for 2025 has been downgraded by the OECD, as Donald Trump's tariffs set back the outlook for the global economy.

AAP

National accounts to reveal Australia's economic pulse

Australia's economic growth rate for the first quarter will be revealed this week and investors will study minutes from the Reserve Bank's last board meeting.

Reason

What To Expect Now That Trump Has Scrapped Biden's Crippling AI Regulations

"New opportunities for innovation, economic growth, and global engagement," says one expert.

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