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The Latest Breaking News from Economy

G20 finance heads face reform calls from Global South

Finance ministers and central bank governors are meeting at the IMF to discuss challenges facing global economy.

Al Jazeera

3 signs the labor market is rebalancing in a way that could prevent a recession, according to Goldman Sachs

Goldman’s David Mericle sees “encouraging news about the prospects for achieving the gentle rebalancing of the labor market needed for a soft landing.”

Fortune

Labour to take aim at Sunak’s leadership on cost of living crisis

Party will continue to single out PM, after campaign ad last week that led to accusations of ‘dog-whistle’ politics

The Guardian - UK

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'Downside risks' for Asean+3

Soaring energy prices and a stalling US economy have emerged as potential downside risks that could dampen growth in Asean+3 economies, according to the Singapore-based Asean+3 Macroeconomic Research Office (Amro).

Bangkok Post

How Argentina went from one of the world's richest nations to 100 per cent inflation, with 'mountains of money worth nothing'

Argentina's economy hit 100 per cent inflation in February — the highest it's been in 32 years. But the crisis has done nothing to dampen Argentines' enthusiasm for spending.

ABC News

Striking at the heart of Hollywood

As contract negotiations have continued, leaders of the Writers Guild of America have asked their members to give them authority to call a strike should they fail to reach an agreement on a new contract with studios by May 1. While a strike is not assured, many in Hollywood say…

Los Angeles Times

Cameroon aims to boost export revenues, rejoin AGOA - minister

Cameroon is working to boost export revenues to fend off a potential debt crisis and has relaunched talks with the U.S. to rejoin Washington's flagship trade initiative with Africa, its economy minister said on Monday.

Reuters

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Climate emergency is the biggest health crisis of our time – bigger than Covid

As toll on public health and global economy rises, radical action is needed on greenhouse gas emissions

The Guardian - UK

Is the Ukraine war boosting or damaging the Russian economy?

IMF suggests invasion spending is pushing up GDP but academics argue non-military economy is foundering

The Guardian - UK

Editorial: How to Reverse the Decline in Foreign Investment in China

Holding to the principles of reform could help break a deadlock in a landmark EU investment pact that is vital to reversing the recent decline in FDI

Caixin Global

Mental health plays a big role in advancing the economy - we need a measure beyond GDP

Indonesia is performing comparatively well in its economic growth amid the current global economic slowdown.

The Conversation

Predicted 0.08% boost from UK-Asia trade deal could be overestimate

Trade department used different approach to estimating economic boost which ‘generates larger estimated GDP impacts’

The Independent UK

As India’s population soars above all, fewer women have jobs

India will soon eclipse China to become the world's most populous country, and its economy is among the fastest-growing

The Independent UK

Economy expected to grow 3.6% this year - central bank

Thailand's economy is expected to grow 3.6% this year, Bank of Thailand (BoT) governor Sethaput Suthiwartnarueput said on TV channel JKN-CNBC on Monday.

Bangkok Post

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Fortune

Which global economy does your state match up to?

Fortune compares each state to the country with the most similar GDP. Texas, meet Canada; New York, meet Brazil.

Bangkok Post

OECD predicts SE Asian growth to decline

Economic growth in Southeast Asia is forecast to drop from 5.6% in 2022 to 4.6% this year, pressured by weaker demand as the global economy slows, says the Organisation for Economic Co-operation and Development (OECD).

ABC News

National recycling scheme being launched for children's car seats

A scheme to recycle children's car seats is part of a push to move Australia closer to a circular economy, focusing on minimising our impact on the environment, while also keeping kids safe.

WEKU

Credit crackdown weighs on businesses

Even before the collapse of Silicon Valley Bank last month, other banks were getting stingier about making loans. That makes it harder for businesses trying to grow and raises the risk of recession.

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news in one place.

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The Guardian - UK

Five Times Faster by Simon Sharpe review – a radical but realistic path to net zero emissions

A former civil servant makes a persuasive case for dropping economy-wide emissions targets and focusing on tipping points where green technologies become affordable

The National (Scotland)

The international wellbeing economy policies that could transform Scotland

THE transition to a wellbeing economy is, perhaps, one of the most ambitious policy commitments ever proposed by the Scottish Government.

Bangkok Post

Credit Suisse failure 'would have crashed Swiss economy'

GENEVA: Switzerland’s finance minister says the country’s economy probably would have collapsed had Credit Suisse gone bankrupt.

The Independent UK

Biden took jobless rate to 3.5%, but for how much longer?

President Joe Biden keeps seeing good economic news and bad public approval ratings

Dublin Live

Junior ministers flew in business class for St Patrick's Day trips

Ministers of State Thomas Byrne, Niall Collins and Josepha Madigan all flew business class while the senior ministers in their departments flew economy

Los Angeles Times

Southern California ports shutdown highlights high-stakes contract talks

LOS ANGELES — A dockworker shortage at the Los Angeles and Long Beach ports stretched into its second day Friday, halting cargo traffic at the massive shipping complex while disrupting the local economy and the global supply chain.

Los Angeles Times

Southern California ports shut Friday due to worker shortage, snarling cargo traffic

LOS ANGELES — A dockworker shortage at the Los Angeles and Long Beach ports stretched into its second day on Friday, halting cargo traffic at the massive shipping complex while disrupting the local economy and the global supply chain.

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