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The Latest Breaking News from Economy

Rick Lazio: A prescription for economic steroids before the midterms

Trump will need to substantively boost the economy if he and Republicans want to maintain power.

Fortune

How much does the UK spend on welfare?

Spending in 2023/24 was equivalent to 10.9% of gross domestic product, or the total value of the economy.

The Independent UK

OECD trims eurozone growth outlook as global trade tensions bite

The OECD has lowered its eurozone GDP growth forecast to 1.0% for 2025, down from 1.3% in December, citing weak investment and rising geopolitical risks. Global growth is also revised down to 3.1% as trade disruptions weigh on sentiment.

Euronews

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Rescuing Nigeria: how to break the cycle of decline and bring progress

Nigeria has abundant human and natural resources but remains mired in underdevelopment. There are high levels of poverty, corruption, unemployment and inequality. The country is currently witnessing a rise in ethnic militias and terrorism, adding to the threats posed by armed herdsmen’s deadly clashes with rural communities over land.

The Conversation

US shoppers increased spending tepidly last month as anxiety over the economy rises

US shoppers stepped up their spending a just bit in February after a sharp pullback the previous month, signaling that Americans are shopping more cautiously as concerns about the direction of the economy mount

The Independent UK

OECD Lowers Global Growth Projections Over Tariffs, Uncertainty

Trade tensions and geopolitical uncertainties are weighing on economic perspectives, the Organisation for Economic Co-operation and Development said on Monday as it lowered its projections for global growth in 2025.

International Business Times

China plans to ‘vigorously boost consumption’ to shore up economy

Communist party aims to ‘promote reasonable wage growth’ and to reduce financial burdens amid Trump tariffs

The Guardian - UK

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Americans increasingly worried about tariffs despite Trump’s assurances, new poll shows

Exclusive: 90% of Democrats, 57% of Republicans are worried about tariffs, with similar concerns about recession

The Guardian - US

Fresh blow to Reeves as UK’s economic forecast slashed amid warnings over Trump’s trade war

The UK’s economic forecast has been downgraded, once again dashing the government’s hopes of reviving Britain’s spluttering economy

The Independent UK

Trump trade wars are slowing global growth and fuelling inflation, says OECD

Economic organisation downgrades forecasts for growth in UK as well as US, Canada and Mexico due to tariffs

The Guardian - UK

'Stagflation' risk puts Federal Reserve in tricky spot as it meets this week

The Federal Reserve and its chair, Jerome Powell, are potentially headed to a tough spot as it prepares to meet Tuesday and Wednesday

The Independent UK

Oil price lifted by US Houthi airstrikes and China economic hopes; Crispin Odey facing City ban and £1.8m fine – as it happened

Crude prices lifted by US-Houthi attacks, as City watchdog decides to fine Crispin Odey £1.8m and ban him from the UK financial services industry for ‘a lack of integrity’

The Guardian - UK

China's economy improved at the start of 2025, but challenges remain

The Chinese economy showed signs of improvement in the first two months of the year, though the weak housing market remained a drag on growth

The Independent UK

New Canadian PM in Europe to seek 'reliable partners' amidst trade war with US

Two days after being sworn in, Canada’s Prime Minister Mark Carney was in Paris on the first leg of his first state visit, which comes as his country’s economy and sovereignty are under threat from the United States.

Radio France Internationale

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International Business Times

Threatened By US, Canada Hugs France And Britain Close

With Canada's economy and even sovereignty under unprecedented threat from its southern neighbour the United States, its new leader has embarked on a trans-Atlantic trip to strengthen ties with traditional friends France and Britain.

International Business Times

Data Shows Patchy Chinese Economy In First Two Months Of The Year

China's economy charted an uneven trajectory in the first two months of the year, a slew of key indicators showed Monday, muddying Beijing's drive to boost flagging consumption.

The Independent UK

Asian shares advance after Wall St rallies to its best day in months, and China reports strong data

Shares have advanced in Asia after U.S. stocks rallied to their best day since November's election

International Business Times

Asian Markets Start Week On Front Foot As China Unveils Consumer Plan

Asian markets rose on Monday as investors welcomed Chinese plans to kickstart consumption in the world's number two economy, though worries about Donald Trump's tariffs war continue to cast a shadow over trading floors.

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The Guardian - US

Trump administration briefing: US president to speak to Putin this week; Democrats train fire on Musk

Russian president ‘accepts the philosophy’ of US’s Ukraine ceasefire terms, says US envoy; Musk’s popularity falls – key US politics stories from Sunday at a glance

Fortune

Wall Street's recession odds are starting to look like a coin flip as Trump refuses to back down on his trade war

"If we would continue down this road of what would be more disruptive, business-unfriendly policies, I think the risks on that recession front would go up."

The Guardian - US

Trump says the economy ‘went to hell’ under Biden. The opposite is true

By standard measures such as job and GDP growth and the stock market, the US economy was in excellent shape

The Conversation

Why some Canadians are in denial about Donald Trump

Prime Minister Mark Carney has vowed Canada will never be a 51st American state and has called on Canada to present a united front to defend against United States President Donald Trump’s escalating attacks on Canada’s economy and sovereignty.

Fortune

Trump claims tariffs will make the U.S. 'rich again.' But 5 undisputed facts about how they work throw cold water on that notion

What we know so far: Tariffs will have a huge effect on the economy—just not the one the President is projecting.

The Conversation

Who owns digital data about you? South African legal scholar weighs up property and privacy rights

In the digital economy, data is more than just information – it is an asset with immense economic and strategic value. Yet, despite its significance, a fundamental legal question remains unresolved: Can data be owned? While privacy laws worldwide focus on protecting individuals’ rights over their personal data, they often…

International Business Times

US Fed Likely To Keep Rates Steady As Trump Uncertainty Flares

The US Federal Reserve is widely expected to keep interest rates unchanged at its policy meeting this week, treading carefully amid uncertainty over President Donald Trump's economic policies, which include spending cuts and sweeping tariffs.

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