The Latest Breaking News from Economy

Watch as British junior finance minister James Cartlidge makes a statement on the latest IMF forecast, which slashes the UK’s growth outlook.

IMF says UK economy will contract by a worse-than-expected -0.6 per cent

The UK is set to be the only major economy to shrink this year with all other developed nations experiencing growth, including sanction-hit Russia.

In an increasingly divided world where countries are moving away from global supply chains, there’s a pressing need to continue strengthening international cooperation to address challenges such as recession risks and climate change

The money exchange shop in Lebanon's Bekaa Valley was buzzing with business. Cellphones pinged endlessly and employees shouted out various rates as customers flocked in carrying plastic bags of the crashing local currency to buy US dollars. "Welcome to the Wall Street of Lebanon," grinned the storefront's owner, a machine…

NEW DELHI: Indian economy is poised to do better and is expected to grow 6.5-7 per cent in the remainder of the decade, chief economic advisor (CEA) V Anantha Nageswaran said on Tuesday.

Bank of England figures also reveal many households are dipping into savings, rather than using credit cards

Here are some of the key dates and changes next month including from the DWP - and how they could affect you

Paul Johnson responds to IMF warning that UK will be weakest major G7 economy this year

Europe’s economy has scraped out meager gains at the end of last year as galloping inflation fed by high energy prices and Russia’s invasion of Ukraine deterred people from spending in shops and restaurants

The International Monetary Fund's new projections for 2023 show GDP for the world economy growing by 3.2 percent, compared to a 1.9 percent expansion last year. The improved forecast is aided by China's scrapping of its zero-Covid policy and the fall in gas prices. Also on the programme, we report…