The Latest Breaking News from Economy

The RBA governor is reminding everyone that her mandate covers not just inflation, but also full employment

Asian shares are mixed as investors weighed data highlighting a slowing U.S. economy that offers both upsides and downsides for Wall Street

GDP growth falls to just 0.1% in the March quarter as high interest rates drag on economy

The Australian economy came close to a standstill in the first three months of this year. March-quarter economic growth sank to just 0.1%, meaning that, when adjusted for inflation, there was hardly any more income, spending or production than the quarter before.

Equities mostly rose Wednesday on building optimism that the Federal Reserve will cut interest rates before the end of the year after the latest batch of data indicated the long-resilient US jobs market was showing signs of easing.

Annual economic growth is down to 1.1%, lower than economists predicted, ABS GDP figures show

Interest rates could go higher again if inflation proves stickier than expected or moves higher, the head of the Reserve Bank of Australia says.

Older Australians are spending above the inflation rate, counteracting efforts to cool the economy and further disadvantaging younger generations

Mexican president-elect Claudia Sheinbaum's team reassured investors Tuesday that she would ensure the stability of Latin America's second-biggest economy, after her landslide election win rattled financial markets.

Indian shares plunged and the rupee tumbled after early results showed Prime Minister Narendra Modi's party winning far fewer seats than expected in the country's election, leaving it reliant on coalition partners. Billionaire Gautam Adani's business empire saw nearly $45 billion in its market value wiped off in a single…

“If these similarities do hold, there could be a lot of scope for optimism,” Deutsche Bank’s Henry Allen wrote.