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The Latest Breaking News from Economy

Gerry Hassan: What Labour in power will mean for the United Kingdom

AS the Tory government grows nastier and more punitive by the day, they become more divided, desperate and prepared to do anything to maintain power.

The National (Scotland)

Australia’s economy 2023 report: how it started v how it’s going

Stronger than expected population growth made inflation hardier than most experts predicted and property prices defied successive rate rises

The Guardian - AU

India poised to become a developed country by the year 2047, says Union Finance Minister Nirmala Sitharaman

Union FM Sitharaman launched Viksit Bharat Sankalp Yatra to ensure welfare schemes reach targeted sections. Modi ki Guarantee vehicles tour to spread awareness of schemes like Ayushman Bharat, PM Garib Kalyan Anna Yojana, Jan Dhan bank accounts, PM Awas Yojana and PM Kisan. Economy making rapid strides and will reach…

The Hindu

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A year after lifting COVID rules, China is turning quarantine centers into apartments

Dozens of makeshift centers were built and now stand empty. Now authorities want to revive a stagnating economy and attract young workers to cities by turning the structures into affordable housing.

WEKU

India to be $5 trillion economy by end of 2025: Amit Shah

Union Home Minister Amit Shah on December 9 said India will become a $5 trillion economy by the end of 2025. Addressing the valedictory session of the Uttarakhand Global Investors Summit in Dehradun, Mr. Shah said India has grown exponentially on every front over the past one decade due to…

The Hindu

The Fed watcher who called the 2007 housing bubble expects interest rates to stay high for ‘much, much, much longer.’ It’s payback for the unsustainable ‘free money era’

Jim Grant of Grant's Interest Rate Observer believes it will take years to undo the kinks from a decade of ultra-low interest rates.

Fortune

The economy is a trouble spot for Biden despite strong signs. Here's why

Despite job growth, low unemployment and record spending, Americans are in a sour mood about the economy — and that could spell trouble for President Biden's reelection chances.

WEKU

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India's GDP growth is reflection of transformative reforms of last 10 years: PM Modi

PM Modi said his government wants to turn the Gujarat International Finance Tec (GIFT) City into a global nerve centre of the new age global financial and technology services.

The Hindu

Nearly Two Years Into War, Is Russia's Economy Out Of The Woods?

As he prepares to run for re-election in 2024, is President Vladimir Putin right to claim the worst is over for the Russian economy?

International Business Times

A 'soft landing' or a recession? How each one might affect America's households and businesses

The solid hiring revealed in Friday’s jobs report for November, along with a raft of other recent economic data, is boosting hopes that the U.S. economy will achieve a “soft landing” next year rather than a widely feared recession

The Independent UK

How a top economic adviser to Biden is thinking about inflation and the job market

The latest numbers show a strong picture for the U.S. economy. Yet many Americans have a pessimistic view. Here's how an adviser to Joe Biden says they're addressing that.

WEKU

California faces record $68 billion budget deficit, analyst says

The nation's most populous state — with an economy that is the fifth largest in the world — has been struggling with the rising prices of most goods and services.

WEKU

Unemployment rate drops to 3.7%, and experts say it’s another ‘soft landing’ signal that will leave the Fed in limbo

“The recession that seemed so inevitable at the end of 2022 still hasn’t arrived and may not come anytime soon,” said Chris Zaccarelli, chief investment officer of the Independent Advisor Alliance.

Fortune

The NBA In-Season Tournament is a play for viewer attention — will it succeed over time?

The National Basketball Association’s inaugural In-Season Tournament wraps up this weekend. The tournament kicked off on Nov. 3 and will culminate in a championship game between the Indiana Pacers and Los Angeles Lakers on Dec. 9.

The Conversation

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StockNews.com

Bearish or Bullish: Deciphering the 3 Best China Stocks for December

China, the world’s second-largest economy, exhibited resilience even in the face of several macroeconomic challenges. In this context, should investors invest in the shares of Chinese stocks: Alibaba Group (BABA), Weibo Corp (WB), and Autohome Inc. (ATHM)? Read on….

Kiplinger

Jobs Growth Beats Expectations in November: What the Experts Are Saying

The jobs report keeps the economy on track for a soft landing, but rate cut hopes may be premature.

The Guardian - UK

By every measure, Brexit is harming Britain

Letters: Readers respond to an article by Larry Elliott that said the UK’s departure from the EU hasn’t been as bad as predicted

Space

DARPA moon tech study selects 14 companies to develop a lunar economy

We've seen the movies and read the books about what it would be like to have a lunar habitat — but to turn our Sci-Fi fantasy into a reality, scientists must develop a game plan.

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news in one place.

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Al Jazeera

Changing course: How Javier Milei will transform Argentina’s foreign policy

President-elect Milei will seek to align Latin America’s third largest economy with the US, Israel and ‘the free world’.

Barchart

U.S. Economy Forecast 2024: Will There Be a Recession or a ‘Soft Landing’?

For over a year now, economists have been predicting a recession. Here's the updated 2024 forecast for the U.S. economy, and why a recession does not look likely - at least, not for now.

The Independent UK

Chinese leaders wrap up annual economic planning meeting with scant details on revving up growth

China's state media say top leaders held an annual planning meeting where they agreed to step up spending to help rev up the economy

International Business Times

US Unemployment Ticks Down As Hiring Accelerates

The United States saw its jobless rate edge down in November while hiring rose more than expected, government data showed Friday, as policymakers mull the need for further efforts to cool the economy.

Bored Panda

Parents Want To Downsize, Expect Their 19-Year-Old To Move Out

Having your children move out can be bittersweet. However, if you’re forcing your kids to leave with very little warning, things can get emotionally messy... especially in this economy. The post Parents Want To Downsize, Expect Their 19-Year-Old To Move Out first appeared on Bored Panda.

The Guardian - US

US economy adds 199,000 jobs as unemployment rate falls slightly

Jobless rate down to 3.7% as world’s largest economy grapples with interest rates and American policymakers plot next moves

Barchart

S&P Futures Slip as Investors Await Key U.S. Jobs Report

December S&P 500 futures (ESZ23) are trending down -0.20% this morning as market participants looked ahead to a pivotal monthly U.S. nonfarm payrolls report for clues on the Federal Reserve’s monetary policy outlook.

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