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The Latest Breaking News from Economic Growth

RBA cuts interest rates, ready to respond again if the economy weakens further

The Reserve Bank of Australia cut the official interest rate for the second time this year, as it lowered forecasts for Australian economic growth and pointed to increasing uncertainty in the world economy.

The Conversation

Reeves says Gulf trade pact is Government’s ‘next deal’ after EU summit

Evening Standard

Trump Tariffs Force EU To Cut 2025 Eurozone Growth Forecast

The EU on Monday sharply cut its eurozone economic growth forecast for 2025 because of global trade tensions sparked by US President Donald Trump's sweeping tariffs.

International Business Times

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NZ Budget 2025: economic forecasting is notoriously difficult, but global uncertainty is making it harder

This year’s budget will be one of the tightest in a decade, with the New Zealand government halving its operating allowance – the new money it has available to spend – from NZ$2.4 billion to $1.3 billion.

The Conversation

What do MPs really think about immigration? We surveyed them to find out

The UK government has unveiled plans to reform the migration system, making it more restrictive with the aim of reducing the level of net migration into Britain.

The Conversation

UN forecasts slower global economic growth following Trump's tariffs and trade tensions

The United Nations is forecasting slower global economic growth this year and next, pointing to the impact of the surge in U.S. tariffs and increasing trade tensions

The Independent UK

How Britain’s economic growth compares with other G7 countries

The Independent looks at how Britain’s economic growth compares to the rest of the G7 in the first quarter of the year

The Independent UK

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South African companies aren’t innovating enough: why support during tough economic times matters

South Africa’s innovation fund, announced by President Cyril Ramaphosa in the 2025 state of the nation address, was a response to the country’s urgent need for inclusive and sustainable economic growth.

The Conversation

Canary Wharf student rooms skyscraper gets go-ahead as City Hall overrules council

Deputy mayor says project will help tackle housing crisis and boost economic growth, months after Tower Hamlets Council refused scheme

Evening Standard

US Tariffs Hit Central Europe, Balkans Growth: Europe Bank

Economic growth in Central Europe and the Balkans is expected to be strained this year by US President Donald Trump's tariff policies, Europe's development bank forecast Tuesday.

International Business Times

EBRD cuts regional economic outlook as geopolitical tensions linger

Recent US tariffs and worldwide economic tensions are likely to contribute to subdued economic growth in several key European economies and regions.

Euronews

What causes inequality in African countries? New book traces a vicious cycle

Inequality is a problem that exists in various forms in sub-Saharan Africa.

The Conversation

Governments shouldn’t chase growth at all costs. The harms of over tourism show why

In the controversial case of expansion at Heathrow airport, the UK government insists that the benefits of economic growth outweigh the environmental and wellbeing costs. But what if focusing on prosperity is a shortsighted approach? The debate about a third runway, placed in the context of exponential growth in travel…

The Conversation

Keir Starmer says migrants will have to ‘earn the right’ to live in UK as part of new crackdown

Labour prime minister to unveil new ‘contributor model’ he says will boost economic growth in the wake of surge of support for Nigel Farage and Reform

The Independent UK

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The Conversation

New recommendations for regulating neurotechnology in Canada include protecting Indigenous rights

With Canada’s federal election behind us, we can now focus on a renewed commitment to our values and to economic growth. Both entail a commitment to the health and well-being of Canadians.

Barchart

Dollar Edges Lowers Before US-China Trade Talks

The dollar index (DXY00 ) Friday fell from a 4-week high and finished down by -0.29%. Long liquidation pressures weighed on the dollar ahead of this weekend's US-China trade talks in Switzerland. Losses in the dollar accelerated Friday after New York Fed President Williams said he expects economic growth in...

Evening Standard

Tariffs not causing ‘dramatic’ shift in UK economy, Bank chief economist says

Huw Pill’s remarks come a day after the Bank cut interest rates to 4.25% and lowered its outlook for UK economic growth next year.

The National (Scotland)

Bank of England cuts interest rates to lowest level since May 2023

THE Bank of England has cut interest rates to 4.25 per cent after a slowdown in inflation, as the central bank’s chief welcomed an expected…

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International Business Times

Bank Of England Set To Cut Rate Amid Trump's Tariffs

The Bank of England is widely expected to cut its key interest rate by a quarter point Thursday as US President Donald Trump's planned tariffs threaten to weaken economic growth.

The Independent UK

Chancellor on track to miss fiscal rules, says economic forecaster

Economic growth is also on track to be weaker than previously expected this year, according to the Niesr think tank.

Evening Standard

Chancellor Rachel Reeves on track to miss fiscal rules by £63billion, says economic forecaster

Economic growth is also on track to be weaker than previously expected this year, according to the National Institute of Economic and Social Research

Al Jazeera

Singapore election a test for ruling party against rejuvenated opposition

Singaporeans long accepted fewer freedoms in exchange for economic growth and good jobs. But that may be changing.

The Independent UK

Tariffs, oil prices and other uncertainties weighing down Mideast economies, IMF says

The International Monetary Fund says that countries across the Middle East and North Africa face significant challenges to economic growth as the region faces economic uncertainty due to tariff measures, lower-than-recent oil prices and cuts to financial aid

Evening Standard

Santander UK profits fall as bank lowers economic growth outlook

The UK bank said that ‘charges relating to changes to our branch network’ drove profits lower in recent months.

Barchart

Weak US Economic Reports Weigh on Crude Oil Prices

June WTI crude oil (CLM25) today is down -1.07 (-1.72%), and June RBOB gasoline (RBM25) is down -0.0331 (-1.58%). Crude oil and gasoline prices today are sharply lower, with crude dropping to a 1-1/2 week low. Today's weaker-than-expected US job openings and consumer confidence reports were negative for economic growth...

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