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The Latest Breaking News from Economy

2 Stocks That Don’t Mix Well With a Potential Recession

As recessionary fears loom largely over the economy, fundamentally weak stocks DraftKings (DKNG) and Beyond Meat (BYND) don’t seem to mix well and might be best avoided. Read more….

StockNews.com

Britain faces the worst recession among G7 partners, economists predict

A bleak survey of over 100 leading UK-based economists suggests high inflation could linger for longer than other countries as Brits face a huge squeeze in household incomes

Daily Mirror

Global economy 2023: Why central banks face an epic battle against inflation amid political obstacles

Where is the global economy heading in 2023? After all the challenges of last year, it’s a question we ask with trepidation. Just as the economy was dealing with the ongoing effects of the COVID-19 pandemic, Russia’s invasion of Ukraine in February ramped up inflation.

The Conversation

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A global recession is coming, and this is where economists predict will fare the worst

IMF director Kristalina Georgieva said simultaneous contractions in three major economies—the U.S., the EU, and China—will be the driving forces behind a global recession in 2023.

Fortune

Editorial: Face Up to the Changed World

A more sober mind is needed for a greater initiative

Caixin Global

Inflation, growth, budget & more: 10 factors that may impact the Indian economy in 2023

NEW DELHI: The year 2022 posed severe challenges for the economy since the beginning. With cases of Covid-19 receding after 2 years of mayhem, this year was being watched as a good opportunity for the economies to recover completely from the pandemic slump.

The Times of India

Caixin New Economy Index Falls on Declining Labor Inputs

The contribution of high value-added industries such as biotech came in at 29.7 last month, down 0.3 points from November

Caixin Global

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FTSE 100 Live: Gas prices drop to lowest levels in almost a year; Blue-chip shares make strong start to 2023

The FTSE 100 index is set to post further gains today amid contrasting starts to the year for stock markets in New York and London.

Evening Standard

Scotland risks squandering 'historic opportunity' go green in UK, report warns

SCOTLAND must act urgently on independence or risk squandering a “historic opportunity” to transform its economy by remaining part of the UK, a…

The National (Scotland)

China’s economy ends year in slump as Covid infections surge

China’s economy ended the year in a major slump as business and consumer spending plunged in December, with more disruption likely in the first few months of the year as Covid infections surge across the country.

The Times of India

2023 is our time to save Earth with a green economy

This is a moment of unprecedented opportunity to combat the climate crisis and lessen the impact of environmental decay. We can accelerate the arrival of a green economy.

Chicago Sun-Times

A challenging year ahead

Global economic growth in 2023 is expected to remain sluggish, following a year roiled by the war in Ukraine and soaring inflation.

Bangkok Post

Discovering the 'honeypot': the surprising way restricting immigration can turn out to hurt the working poor

Politicians around the world tout immigration restrictions as a way to fight wage stagnation and boost the job prospects of low-paid or unemployed locals.

The Conversation

Will Karen Bass’ Laser Focus on Tackling Homelessness Have a Cost?

Manuel Pastor, professor and equity advocate, says while staking her political capital on showing tangible progress, Bass must also address other daunting challenges.

Capital & Main

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Radio France Internationale

Two years after Brexit 'got done', poll shows many Britons want new referendum

According to a poll carried out by the Savanta data research group, more people in the UK believe Brexit has damaged the country's economy and influence on the world stage with indicators pointing towards a growing appetite for a second referendum on EU membership.

Daily Mirror

Seven massive bear traps waiting for Rishi Sunak in 2023 as nightmare year looms

From strikes and the cost of living to local elections and Tory revolts, we look at the landmines waiting for Rishi Sunak - as many believe his days are numbered

The Times of India

Budget, recession, elections: 10 factors that may influence stock markets in 2023

NEW DELHI: After a yearly gain of 4.4%, investors of benchmark BSE sensex are now looking forward to a fresh beginning in 2023.

The Times of India

Indian economy likely to navigate rough global weather in 2023: Assocham

NEW DELHI: India's economy is expected to navigate rough global weather in 2023 due to resilient consumer demand, better corporate performance and abating of inflation, even as the year is likely to be full of challenges and opportunities, Assocham said on Monday.

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The National (Scotland)

Third of global economy to be in recession in 2023, IMF chief warns

A THIRD of the world economy will be in recession in 2023, the head of the International Monetary Fund (IMF) has warned.

The New Daily

Inflation crossroads: Where cost-of-living crisis, interest rates could go in 2023

It’s been a rollercoaster year for families as a cost of living crisis has combined with steep interest rate hikes to squeeze millions.

France 24

Third of world could be in recession in 2023, IMF chief warns

Kristalina Georgieva, the managing director of the International Monetary Fund, is warning that this year will be tougher than the last and that the war in Ukraine, rising inflation and higher interest rates will weigh heavily on the global economy. She expects the EU to be particularly hard hit, with…

Birmingham Post

We must back business to drive Wales forward in 2023

It is the private sector that can deliver growth and drive the UK's economy through recession

Asharq Al-Awsat

Some in China Return to Regular Activity after COVID Infections

Some people in China's key cities of Beijing, Shanghai and Wuhan braved the cold and a spike in COVID-19 infections to return to regular activity on Monday, confident of a boost to the economy as more recover from infections. Among those who gathered to sled or ice skate on a…

Reuters

Some in China return to regular activity after COVID infections

Some people in the Chinese cities of Beijing, Shanghai and Wuhan braved the cold and a rise in COVID-19 infections to return to regular activity on Monday, raising the prospect of a boost to the economy as more recover from infections.

AAP

Economy at risk from China's COVID wave

The treasurer says China's COVID-19 outbreak will weigh on Australian businesses, which rely on the country's customers and suppliers.

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