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The Latest Breaking News from Economy

Nigeria's economy in 2022: winners and losers

At the start of 2022, Nigerians hoped that, with less than two years to the end of President Muhammadu Buhari’s administration, the government would ramp up its efforts to reduce poverty and unemployment.

The Conversation

Brexit and Covid led to exodus of 500,000 from workforce ‘putting economy at risk’

Britain’s labour outlook ‘bleak’, finds report by senior peers

The Independent UK

Texas’ economy keeps its edge by importing talent from other states and countries

Brittney Reeves had been in New York City for nine years when Microsoft asked her to consider working in Dallas. She jumped at the chance.

Tribune News Service

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Govt approves tax break to boost public consumption

The cabinet on Tuesday approved a tax measure to help boost public consumption starting in January to support the economy as it recovers, a government spokesperson said on Tuesday.

Bangkok Post

'Buy local': one in four Hunter businesses concerned about 2023 economic outlook

Shoppers have been urged to buy local in an effort to stimulate the Hunter's economy and retain jobs this Christmas.

Newcastle Herald

Exodus of more than half a million from workforce ‘puts UK economy at risk’

Loss of employees since Covid raises fears of weaker growth and higher inflation, says Lords report

The Guardian - UK

Central bank upbeat on long-term growth

The Bank of Thailand expects the economy to continue to align with potential growth projections for the next two years, then strengthen in the longer term.

Bangkok Post

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Economist Dr. Doom is extra gloomy as he warns of a 'deep and protracted' recession—and says World War III has already begun

China-U.S. tensions, rising public and private debts, and climate change are just a few of the “MegaThreats” the global economy is facing.

Fortune

Migration review should plan for the long term

A migration system that better selects skilled migrants could help solve some of Australia’s biggest challenges.

The New Daily

Tories no longer trusted with economy and Sunak's popularity plummeting, poll finds

A STAGGERING 79 of voters are dissatisfied with how the Tory government is running the UK ...

The National (Scotland)

Google CEO Sundar Pichai meets PM Modi, expresses support for India's G20 presidency

NEW DELHI: Google CEO Sundar Pichai on Monday said that India will be a big export economy and the pace of technological change in the country has been extraordinary.

The Times of India

Inflation, unemployment, the housing crisis and a possible recession: Two economists forecast what's ahead in 2023

With the current U.S. inflation rate at 7.1%, interest rates rising and housing costs up, many Americans are wondering if a recession is looming.

The Conversation

3 Upgraded Stocks to Stick on Your Watchlist This Week

The Fed’s indication that rates may stay higher for longer and November’s declining retail sales have sent jitters in the economy. Amid mounting recessionary fears, fundamentally strong stocks, Adobe (ADBE), DocuSign (DOCU), and Buckle (BKE), which have recently been upgraded in our proprietary system, might be ideal additions to your…

StockNews.com

The Standard View: If the Conservatives aren’t trusted on the economy, what do they stand for?

If the Conservatives aren’t trusted on the economy, what do they stand for? The key to the party becoming the most successful in the history of the democratic world has depended on its reputation for economic management. But in the wake of Liz Truss’s disastrous mini-Budget, soaring inflation and a…

Evening Standard

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Fortune

Bond King Bill Gross says the Fed has already reached optimal level of interest rates

The man who revolutionized the bond market says the Fed should pay more attention to the mountains of debt circulating in the U.S.

The New Daily

From a worsening economy to alien visits – this is what people expect in 2023

This year proved to be an improvement on the previous one, but Australians' outlook for 2023 is still gloomy, new research shows.

Daily Mirror

Spring Budget date announced as Jeremy Hunt to give statement on March 15

Chancellor Jeremy Hunt will give his Spring Budget on March 15, spelling out further the direction for the economy after he spelt out years of spending cuts in his Autumn Statement

The National (Scotland)

‘UK recession to last until end of next year’, say economists

THE UK economy is on track to shrink by 1.3 per cent in 2023 amid a recession which is set to last until the end of next year, according to a new…

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Reuters

Analysis-EU unity over Russia sanctions falters as Europe's economy wilts

European Union unity over sanctions on Russia has started to falter as jitters about the impact on Europe's own stumbling economy weakens resolve to punish Moscow for war in Ukraine.

Asharq Al-Awsat

Women Lack Basics in Lebanon's Crowded Prisons

Nour is raising her four-month-old daughter in Lebanon's most overpopulated women's prison, struggling to get formula and nappies for her baby as the country's economy lies in tatters. "I don't have enough milk to breastfeed, and baby formula isn't readily available," said the 25-year-old, who was detained eight months ago…

Bangkok Post

New world disorder

The world is likely to become brittle, anxious, non-linear and incomprehensible, posing new challenges to businesses after the pandemic, says an industry association.

AAP

COVID-19 vaccinations saved Aust $181b

Australia's COVID-19 vaccination rollout not only saved lives but led to an overall estimated $181 billion benefit to the wider economy, new modelling shows.

Fortune

Here are 3 solid investments to consider during a recession (and 3 to avoid)

By building a strong portfolio of diversified investments, you can weather any market storm—even a recession.

The Guardian - US

‘Heartless’ mass layoffs hit US workers ahead of holidays

Job cuts have risen this year, even as the US economy shows no signs of a downturn for now

Asharq Al-Awsat

Syria Fuel Crisis Slows Down Life in Damascus

Syrian student Ziad al-Ezz can no longer get to university as severe fuel shortages cripple the capital Damascus, pushing residents to seek alternatives for heating and shuttering businesses. With the country's economy battered by more than a decade of war, authorities have announced four fuel price hikes since the start…

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