The Latest Breaking News from Economy

Government accused of leaving Britain ‘stuck in the slow lane’

Higher interest rates and weaker trade, as well as sluggish growth in China, likely to hit big economies

The global economy is expected to keep slowing in response to higher interest rates, forecasts by a major global organisation show.

Germany racked up one economic success after another for most of this century

The Reserve Bank of Australia appears comfortable with the inflation outlook but there are concerns about petrol prices and a weakening Chinese economy.

Asian shares are mostly weaker in cautious trading ahead of the Federal Reserve’s looming decision on interest rates

American firms in China are the gloomiest they’ve been in decades about the prospect of doing business in the Asian nation over the next few years as geopolitical tensions and the slowing economy hurt sentiment.

Yellen looks at one key statistic to determine if the U.S.'s national debt is sustainable, and she says it's "at a very reasonable level.”

The past 40 years have seen massive expansion of the dominance of large corporations in the global economy. A wave of neoliberal reforms spread internationally from the 1980s with the promise that deregulated markets would unleash the animal spirits of private enterprise, bringing a new era of growth and prosperity.

When Prime Minister Anthony Albanese visits China later this year he will encounter a nation whose future is about as uncertain as it was 50 years ago when Gough Whitlam became the first Australian prime minister to visit in late 1973.

Politicians are spending the election campaign weaving all sorts of financial figures into a cloth that suits their narrative – but there's another issue on the horizon that would overshadow everything.