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The Latest Breaking News from Economy

World economy holds breath on eve of Trump inauguration

Australian home building data will be scrutinised for signs of progress on housing supply as economists await Donald Trump's first policies as US president.

AAP

Cutting Off Trade Will Make the U.S. Poorer and China More Totalitarian

Politicians in both parties see the People's Republic as an economic and military threat. But the real threat is an isolated China.

Reason

Labour is right to forge more trade links with China – not doing so would be folly

From a ‘golden era’ to post-pandemic mistrust, the UK has had a turbulent relationship with the world’s second-largest economy, says Lau China Institute director Kerry Brown

The Guardian - UK

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Hafta 520: Rupee vs dollar, India’s economy woes, Delhi polls, media’s lack of accountability

This week on Hafta, Newslaundry’s Abhinandan Sekhri, Jayashree Arunachalam and Shardool Katyayan are joined by journalist Nidhi Razdan and economist and writer Vivek Kaul.

Newslaundry

Korea’s economy looks like it’s shrugging off Yoon’s impeachment crisis. Don’t be fooled

War, weak growth, and policy uncertainty around Trump’s return already threaten the Korean economy. An extended political crisis will make things worse.

Fortune

Someone Just Paid Crazy Money for This Objectively Awful Car

Behold the Chevrolet Chevette. This isn't just any Chevette, either. It's a 1987 model, the last year for what is arguably one of the worst economy cars ever built. It gets better, because this one only has 47 miles on the odometer. Documentation in the car shows it had a…

Motor1

Experts weigh impact of Trump on Australian economy

A weaker China translates to a weaker Australia, one expert says, while another says Trump's pro-growth policies could help Australian businesses.

AAP

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The chancellor must ignore the blips and get on with long-term growth

THE INDEPENDENT VIEW: Editorial: Much like the UK economy itself, the embattled chancellor ends the week in a much stronger position than when it started. Mini meltdowns in the markets are no way to assess her performance in the post – but she can no longer afford to be so…

The Independent UK

At VW Home Base, Germany's Scholz Vows To Revive Economy

Chancellor Olaf Scholz on Friday laid out his vision to secure the future of Germany's ailing economy at a campaign event in the historic home base of the crisis-hit auto titan Volkswagen.

International Business Times

Fact check: Russian casualties, economic growth and potholes pledge

Round-up of fact checks from the last week compiled by Full Fact.

Evening Standard

Will Europe’s fastest growth rate be enough to fix Britain’s finances?

Rachel Reeves has her work cut out as the UK continues to suffer from a long period of low growth, writes Howard Mustoe

The Independent UK

The Trump revolution: where it came from and where it’s going

As Donald Trump prepares for his inauguration, the world is preparing for the beginning of the second Trump Revolution. Trump’s second term will be very different from his first, when his powers were more limited and restrained. In 2016 he did not win a majority of the popular vote.

The Conversation

Australia warned to get productive or be left behind

Fault lines are widening between economic performance of nations and a global body warns Australia risks being left behind if it fails to improve productivity.

AAP

IMF Forecast: US Economy To Grow At 2.7% In 2025

IMF forecasts US economy to grow at 2.7% in 2025 but warns of risks from deregulation and reduced migration flows.

Top News

House Democrats Introduce Bill To Block Trump's Tariff Plans

House Democrats are pushing back against President-elect Trump's proposed tariffs, citing potential negative impacts on American consumers and the economy.

The Independent UK

IMF sees steady global growth, but warns that Trump tariff, tax and deportation plans cloud outlook

The International Monetary Fund expects the world economy to grow a little faster and inflation to keep falling this year

International Business Times

Trump's Economic Plans Could Cause Inflation: IMF Chief Economist

Donald Trump's economic plans risk reigniting US inflation, International Monetary Fund (IMF) chief economist Pierre-Olivier Gourinchas told AFP, a few days before the president-elect returns to the White House.

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The Guardian - UK

IMF upgrades UK growth forecast and takes swipe at Trump plans

UK economy predicted to grow by 1.6% this year as fund warns of potentially destabilising effect of Trump policy

The Independent UK

UK set to be the fastest growing European economy, IMF forecasts in boost to Reeves

After weeks of economic turbulence, new figures suggesting better growth in 2025 than previously expected will come as a welcome relief for the embattled chancellor

Evening Standard

Reeves receives rare boost as IMF upgrades UK growth forecasts

UK output now expected to advance by 1.6% in 2025, well ahead of France and Germany

Evening Standard

UK economy to grow by 1.6% this year after weaker-than-expected 2024 – IMF

The improved growth prospects will provide a boost for under-pressure Chancellor Rachel Reeves.

MarketBeat

Buffett’s Sale of BAC Stock: A Smart Move or Missed Opportunity?

Bank of America released its quarterly earnings results, showing a strengthening trend in consumer credit and commercial economies.

The Guardian - UK

China’s economy hits 5% growth target but rate among slowest in decades

Latter part of 2024 ‘recovered remarkably’ after stimulus measures, says National Bureau of Statistics

The Independent UK

Reeves urges regulators to ease mortgage rules for first time buyers

Chancellor reportedly open to relaxing lending rules in bid to boost growth

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