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The Latest Breaking News from Economy

China may be facing too many economic obstacles to hit its ambitious growth target for 2024

Fighting deflation, a sinking property market and weak internal demand, Beijing has set itself a challenging goal in 2024

The Guardian - AU

Yellen Says US Economy Unlikely To See 'Stagflation'

The US economy is not expected to see stagflation, Treasury Secretary Janet Yellen said in an interview broadcast Wednesday, adding that most forecasters expect inflation to cool as housing costs move lower.

International Business Times

Brazil Revs Up For Jolt Of Hybrid Car Investments

Brazil is charging up for a hybrid revolution as global car manufacturers race to pump billions of dollars into the development of green vehicles in Latin America's biggest economy.

International Business Times

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Hunt says plan to scrap employee national insurance could ‘take more than a decade’

Chancellor’s unfunded proposal would be ‘work of many parliaments’ and depended on growth of economy

The Guardian - UK

Biden slightly behind Trump but voters’ views of economy improve, poll shows

No indications that president’s forceful State of the Union address provided much of a boost with voters, survey shows

The Guardian - US

Cuba's Currency Conundrum: Four Ways To Pay

"How can I pay you?" Tourists can pay for guesthouses and restaurants in pesos, euros or dollars.

International Business Times

China Reveals Trade-In Plan For Equipment And Consumer Goods

China's new trade-in plan encourages equipment and consumer goods exchange to boost economy and promote sustainability.

Top News

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ECB To Gradually Reduce Banks' Access To Free Cash

ECB's gradual reduction of free cash to banks aims to balance support for the economy and prevent excessive risk-taking, reflecting confidence in the Euroz...

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ECB's Villeroy: Spring Interest Rate Cut Probable

ECB's Villeroy hints at potential interest rate cut in spring to bolster Eurozone economy amid challenges.

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UK Economy Sees Modest Growth In Early 2024

The UK economy shows signs of recovery with modest growth in 2024, driven by increased consumer spending and government support.

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UK Economy Transitioning To Boost Sterling Value

Recent market analysis suggests the UK economy's positive performance may support the sterling amidst reduced Brexit uncertainty.

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Toyota's Record Wage Hike Signals Economic Shift In Japan

Toyota's decision to implement the largest wage increase in 25 years could positively impact Japan's economy by stimulating consumption and setting a prece...

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Second surplus on track for Australia but budget will report a fall in revenue, treasurer says

Jim Chalmers says slide in iron ore prices and uptick in jobless rate mean budget will report a much smaller revenue upgrade than in recent years

The Guardian - AU

The UK economy is climbing again – but the road ahead looks rocky

Figures may seem positive at first glance but the broader picture for UK plc is still one of relative stagnation

The Guardian - UK

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Al Jazeera

Who is Muhammad Aurangzeb, the man tasked with fixing Pakistan’s economy?

A veteran banker, Aurangzeb is a political outsider who analysts say must grapple with IMF reforms and crippling debt.

The Guardian - UK

UK competition watchdog says ground rent ‘not necessary’; Metro Bank cutting 1,000 jobs – as it happened

CMA says government may need to step in to protect consumers from rising ground rents; watchdog intervenes to free over 500 households from ‘problematic’ ground rent clauses

Evening Standard

Britain returns to growth as GDP rises 0.2% in January

Bounce back on the high street is major contributor with retail trade showing 3.4% growth

The Guardian - AU

Interest rate rise unlikely after sluggish quarter of GDP growth, Australian economists say

Spending on Taylor Swift concerts defies pattern of consumers tightening their belts, with CBA predicting a September rate cut

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Senior Treasury Advisor Discusses Digital Payments And Financial Inclusion

Explore insights from Chastity Murphy on digital payments, financial inclusion, and stablecoin regulation for a secure and inclusive digital economy.

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Brazil's February Inflation Exceeds Expectations, Hits One-Year High

Brazil's inflation surge in February poses challenges for the economy and citizens, requiring swift government action.

Reason

The White House Claims Borrowing $16 Trillion Over the Next Decade Is Fiscally Responsible

If you can't even get close to balancing the budget when unemployment is low, tax revenues are near record highs, and the economy is booming, when can you do it?

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Fed To Begin Rate Cuts In June, Fewer Expected This Year

The Federal Reserve is expected to cut interest rates to stimulate the economy, but uncertainty remains about the number of cuts.

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Russian Economy Shows Resilience Amid Sanctions

Russia's economy adapts to sanctions with domestic alternatives, maintaining stability despite challenges. Inflation, low unemployment, and reliance on oil...

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February CPI Report To Be Released Soon

Learn about the significance of the upcoming CPI report release and its impact on the economy, inflation, and market reactions.

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February Consumer Price Index Released, Inflation In Spotlight

Explore the impact of the February CPI release, Biden's budget proposals, and national debt on the US economy.

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People

Luiz Inacio Lula da Silva

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Office for National Statistics

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International Monetary Fund

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