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The Latest Breaking News from Economy

ECB Policymakers Resist Quick Rate Cuts Amid Falling Inflation

ECB policymakers remain cautious about implementing hasty rate cuts despite a decline in inflation, emphasizing the need for a measured approach to policy ...

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Germany's Economy Faces Biggest Slump in 20 Years

Germany's chamber of commerce has issued a warning about the country's economy, predicting the most significant decline in 20 years due to multiple factors.

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Chile Central Bank Considers Significant Rate Cut in January

Discover how the Chile central bank contemplated a rate cut of up to 150 bps in January and its potential impact on the country's economy.

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Global Stocks Rise as Wall Street Recovers, Oil Prices Decline

Shares rise in Europe and Asia as Wall Street bounces back. Japan and UK report economic contractions. Tokyo's Nikkei 225 closes at highest level in 34 years.

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EU Cuts Eurozone Inflation, Growth Forecasts For 2024

The European Commission on Thursday cut both its growth and inflation forecasts for the eurozone in 2024, as it warned geopolitical tensions spelled rising uncertainty for the single-currency area's economy.

International Business Times

UK Economy Slides Into Recession Ahead Of Election

Britain is in recession, official data showed Thursday, dealing another blow to embattled Prime Minister Rishi Sunak, whose Conservative party is forecast to lose a general election expected this year.

International Business Times

Japan's Economy Slips Into Recession Amid Consumer Spending Decline

Discover the concerning state of Japan's economy as it enters a recession, experiencing two consecutive quarters of contraction. Higher prices and reduced ...

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UK Officially in Recession as GDP Drops in Fourth Quarter

Learn about the UK's official recession as government data reveals a 0.3% GDP drop in Q4. Brexit, pandemic, and energy crisis contribute to the economic ch...

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Ukraine says frozen Russian assets should be used to rebuild war-hit economy

Call comes as report puts reconstruction cost at nearly $500bn since start of conflict

The Guardian - UK

Labour accuses Hunt of being ‘out of touch’, with voting under way in Kingswood and Wellingborough byelections – as it happened

Labour aiming to win two byelections as chancellor defends Sunak’s record, saying ‘economy is turning a corner’

The Guardian - UK

UK Economy Entered Technical Recession In Q4 Of 2023

All three major economic sectors contracted in the fourth quarter: Services (-0.2%), production (-1%), and construction (-1.3%). This resulted in an overall GDP growth of only 0.1% for the entire 2023.

International Business Times

SpaceX launches private Odysseus lander as US shoots for moon

NASA, the main sponsor with experiments on board, hopes to jumpstart lunar economy ahead of astronaut missions.

Al Jazeera

Even a technical recession is a headache for Rishi Sunak

Governments try to generate a feelgood factor before an election. The UK has the opposite: a feel-bad factor

The Guardian - UK

UK economy slips into recession, official data shows

GDP shrank by 0.3 percent in the last three months of 2023, after contracting 0.1 percent in the third quarter.

Al Jazeera

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Evening Standard

FTSE 100 Live 15 February: ‘Low growth not a surprise’, says Hunt, as UK falls into recession

The UK economy finished last year in recession after GDP declined by a bigger-than-expected 0.3% in the fourth quarter.

Evening Standard

'Rishi's recession': Blow to Sunak's key election pledge as Britain slips into negative growth

GDP fell by a worse than expected 0.3% in the last three months of 2023

The Guardian - UK

UK tips into recession in blow to Rishi Sunak

GDP fell 0.3% in three months to December after collapse in retail sales in run-up to Christmas

The Guardian - UK

Rishi Sunak’s promise to grow the economy ‘in tatters’ as UK enters technical recession – as it happened

UK economy shrank by 0.3% in October-December, worse than expected, putting country into a technical recession in a blow to the PM

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The Guardian - AU

Australia’s economy likely to slow until stage-three tax cuts, lower interest rates and easing inflation kick in, CBA says

Spending tipped to moderate until households start getting some relief in the middle of the year, CommBank chief economist says

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President Trump slams Biden's economic policies in South Carolina appearance

President Trump criticizes Joe Biden's handling of the economy while visiting South Carolina. This article discusses his speech and upcoming primary.

The Guardian - AU

Japan loses crown as world’s third-largest economy after it slips into recession

Fall in rank below Germany has been attributed to a weak yen and country’s ageing, shrinking population

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Japan's Economy Slides into Recession, Germany Now Third-Largest Global Economy

Japan's economy unexpectedly slips into recession, leading to Germany becoming the world's third-largest economy. Find out more about this significant econ...

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Chinese Youth Prioritize Me Time Amid Slowing Economy

As the Chinese economy faces a slowdown, an increasing number of young people are choosing to prioritize personal fulfillment over corporate careers. Find ...

International Business Times

Germany Overtakes Japan As Third-biggest Economy

Once forecast to become the world's biggest economy, Japan slipped below Germany last year to fourth place, official data showed Thursday, although India is projected to leapfrog both later this decade.

International Business Times

What Is Behind The US Economy's Surprising Strength?

The US has seen GDP growth blow past predictions, hiring numbers surge unexpectedly and consumers still spending even as interest rates climbed -- deftly averting a dreaded recession in 2023.

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