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The Latest Breaking News from Economy

OECD lifts world GDP growth forecast to 2.7%

PARIS: The OECD slightly raised its growth outlook for the world economy on Wednesday as inflation eases and China has dropped Covid restrictions, but it warned the recovery faces a "long road".

Bangkok Post

Going down: the 6 graphs that show Australia's economic growth shrinking

The latest national accounts tell us Australia’s economy grew by just 0.2% in the three months to March.

The Conversation

UK to have one of the highest inflation rates of any developed economy, OECD warns

THE UK will have one of the highest inflation rates of any major developed economy this year, the Organisation for Economic Co-Operation and…

The National (Scotland)

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Persistent inflation, rising interest rates will weigh on global economy, OECD predicts

The global economy is bouncing back from an an energy price spike fed by Russia's invasion of Ukraine

The Independent UK

Britain’s economy to suffer second worst growth in G7 this year

New analysis reveals only Germany will perform worse than UK, despite improved growth projections

The Independent UK

Time to rethink humanity's relationship with the oceans

The COVID-19 pandemic exposed the fragility of economic systems focused solely on economic growth.

360info

Australian economy grew 0.2% in first three months of the year, the slowest since Covid lockdowns

Jim Chalmers says higher interest rates and cost-of-living pressures are squeezing household budgets and slowing the economy

The Guardian - AU

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Work more, cut back: RBA boss’s message to struggling Aussies

Economic growth across Australia slowed to 0.2 per cent in the March quarter, as households continued to tighten their belts.

The New Daily

Brazil lawmakers propose reforms combining consumption taxes

Brazil's consumption tax reform advanced on Tuesday as a working group in Congress outlined a proposal to combine various levies into a value-added tax with separate federal and regional rates without increasing the overall tax burden on the economy.

Reuters

Growth report likely to reveal an economy losing steam

Economic activity is expected to slacken further as higher interest rates and gloomy global conditions persist. The national accounts for the March

The New Daily

Crude Prices Slip on Stronger Dollar and Weak Economic News

July WTI crude oil (CLN23) on Tuesday closed down -0.41 (-0.57%), and July RBOB gasoline (RBN23) closed up +3.99 (+1.58%). Crude oil and gasoline prices Tuesday settled mixed. A stronger dollar Tuesday weighed on crude prices. Crude was also under pressure from concerns that a slowdown in the global economy...

Barchart

Powering the blue economy with blue finance

Attracting much-needed investment into the blue economy can be spurred by tailor-made initiatives.

360info

Unlocking Indonesia's potential through a blue economy

In the wake of COVID-19, Indonesia has the opportunity to shift away from a growth-oriented economic model towards an inclusive blue economy.

360info

The ocean index helping to drive the blue economy

A new approach should be considered to ensure coastal and marine resources are exploited sustainably.

360info

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Bangkok Post

Pact targets surge in digital volunteers

The Office of the National Digital Economy and Society Commission (ONDE) entered into a collaboration agreement with nine agencies on Tuesday in a bid to increase the number of digital volunteers to 300,000 by 2024, with the aim of promoting accessibility and understanding of digital technology among villagers.

Fortune

There won’t be a ‘textbook recession’ anytime soon—and stocks will continue their rally this summer, says investment bank Stifel

Stifel’s Barry Bannister says stocks still have some room to run this summer, but after that, the year could prove a “tale of two halves.”

Edinburgh Live

West Lothian unemployment figures being kept down by new businesses

New start businesses are worth £16m to local economy councillors hear as 308 firms launch in last year alone.

The Conversation

China’s population grew older and richer: policy lessons for some African countries

For decades China was the world’s most populous country. But that’s changed. Its population has peaked, and is now falling.

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The Independent UK

UK’s first deposit return scheme ‘cannot go ahead as planned’, minister says

Scottish circular economy minister Lorna Slater insisted the scheme, which has been passed by Holyrood, had been ‘show down’ by Westminster.

The Independent UK

World Bank offers dim outlook for the global economy in face of higher interest rates

The global economy is likely slowing sharply this year, hobbled by high interest rates, the repercussions of Russia’s invasion of Ukraine and the lingering effects of the coronavirus pandemic

The Guardian - UK

Poorest countries are biggest losers from economic shocks, says World Bank

Combined impact of Covid crisis, Ukraine war and tough measures by central banks taking heavy toll

Reuters

Spain asks EU for $90 billion in loans ahead of July election

Spain has asked the European Commission for 84 billion euros ($90 billion) in loans from the bloc's COVID-19 recovery package, a quarter of which will be managed by the European Investment Bank, Economy Minister Nadia Calvino said on Tuesday.

The Independent UK

EU warns of 'solidarity fatigue' despite warm welcome for millions of Ukraine refugees

The EU is warning of “solidarity fatigue” toward Ukrainian refugees as the bloc's economy slows, affecting poor families in particular

The Hindu

India’s digital economy to grow over five-fold to $1 trillion by 2030: report

Titled India e-Conomy Report, the research states that India is in its ‘Digital Decade’ and its internet economy will grow to 12-13% of its GDP by the end of the decade from the current 4-5%

Fortune

An Oregon city hoped Google would save its economy. Years later, some residents call the tech giant 'Voldemort'

Google's tax dollars and jobs have boosted The Dalles. But the company’s insistence on secrecy is making residents uneasy.

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