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The Latest Breaking News from Economy

‘Difficult’ times for households will continue in 2023

Scotland’s economy is predicted to shrink by 1% in 2023, before growing by 0.6% the following year

Insider UK

UK households to suffer £4k blow to finances this year, says report

Country likely to sidestep a protracted recession, but lasting effect of cost-of-living crisis ‘will feel like a recession’

The Guardian - UK

Sri Lanka flags return to growth, protesters demand tax cuts

Sri Lanka's economy is expected to grow again from the end of this year and the government hopes the country will emerge from an economic crisis by 2026, the president said on Wednesday, as hundreds protested a recent rise in taxes amid high inflation.

Reuters

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Biden stares down Republican hecklers in feisty State of the Union speech tackling economy, police reform and China

Joe Biden engaged in a running back-and-forth with Republicans that at times seemed more like something out of Prime Minster’s Questions than anything in the American parliamentary tradition

The Independent UK

Analysis: Biden sees ‘strongest’ economy, but voters don’t believe him

WASHINGTON — President Joe Biden did not use his second State of the Union address to announce a reelection bid, but he did not sound like a soon-to-be retiree either. He took a few pointed jabs at Republicans while also vowing to “finish” his goal to “rebuild the backbone of…

Tribune News Service

Lords drank £10,500 of champagne and prosecco in three months as UK economy tanked

EXCLUSIVE: Lords and their guests guzzled more than 300 bottles of fizz in Westminster between September and January.

Daily Record

UK ‘to escape recession’ – here’s what it means for families

UK growth will remain close to zero throughout 2023, says Niesr

The Independent UK

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Five key takeaways from Biden’s combative State of the Union address

The president toggles between the magnanimous bipartisan dealmaker and combative incumbent battling Republican heckling

The Independent UK

More people say they're worse off under Joe Biden than any president in 37 years

Biden's State of the Union speech detailed his plan to help create jobs and improve the economy amid high inflation.

Fortune

Transcript: Biden's second State of the Union address

Transcript of President Joe Biden's second State of the Union address, as prepared for delivery and as provided by the White House:

The Independent UK

State of the Union: Read Joe Biden’s full address

Read President Biden’s full State of the Union address

The Independent UK

Read President Biden's State of the Union speech

Read President Biden's State of the Union speech delivered on Feb. 7, 2023, as prepared for delivery.

WEKU

UK to dodge recession, but one in four families will struggle with bills – Niesr

Niesr predicts that UK growth will remain close to zero throughout 2023, but avoid a technical recession.

The Independent UK

SOTU: Biden sees ‘strongest’ economy, but voters don’t believe him - Roll Call

President Biden described in his State of the Union address a recovering economy, but voters just don't agree with him.

Roll Call

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ABC News

ASX closes higher as traders prepare for more rate hikes to come and companies report mixed half year results — as it happened

Equity traders added back almost as much as was wiped off the ASX yesterday, following that ninth hike by the RBA, as more companies reported their earnings. Catch up on the day's financial news and insights from our specialist business reporters on our live blog.

Chicago Sun-Times

NASCAR says summer street race in Grant Park could pump $113 million into economy

The race should also attract many people from out of town — 65% of the expected 100,000 attendees — and fill up downtown hotel rooms and show scenic parts of downtown across the world to millions of viewers.

Reason

Biden May Dream of 6 More Years, but His Three Closest Comps Never Got There

What we can learn from the State of the Union addresses by Jimmy Carter in 1979, Richard Nixon in 1971, and JFK in 1963

StockNews.com

3 Stocks That Are Ready to Explode Higher in 2023

Cooling inflation and a tight labor market have raised optimism that the economy might avoid a recession. As the global economic outlook turns optimistic, it could be wise to add quality stocks with solid fundamentals, Marathon Petroleum (MPC), HF Sinclair (DINO), and Overseas Shipholding (OSG), which look well-positioned to soar…

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Asharq Al-Awsat

Saudi Crown Prince Chairs Meeting of Council of Economic and Development Affairs

Prince Mohammed bin Salman, Crown Prince, Prime Minister and Chairman of the Council of Economic and Development Affairs, chaired a meeting for the council on Tuesday. The council reviewed several economic and development issues, including a presentation submitted by the Ministry of Economy and Planning regarding local and global economic…

The Times of India

Explained: What happens if Pakistan defaults on its debt

NEW DELHI: Cash-strapped Pakistan economy is in dire states with plunging currency, soaring inflation, a balance of payments crisis, diminishing forex reserves all amid political chaos and a deteriorating security situation.

AAP

Economists say recession still possible as rates bite

As the Reserve Bank weighs up further rate rises, there are concerns domestic and global factors could stall Australia's economy.

Radio France Internationale

French, German ministers in Washington to defend EU economies

The French and German economy ministers, Bruno Le Maire and Robert Habeck, kick off high-stakes talks with US officials Tuesday to underscore European concerns over President Joe Biden's ambitious climate action plan.

The Independent UK

New department ‘puts science at the heart of government’

Downing Street said having a single department will help make sure the UK is the most innovative economy in the world.

WEKU

How to watch and listen to President Biden's State of the Union speech

President Biden is delivering his State of the Union address on Tuesday night at 9 p.m. ET. The speech is expected to highlight the strength of the economy and past legislative wins.

The Guardian - UK

Turkey earthquake death toll prompts questions over building standards

Poorly enforced regulations may have exacerbated tragedy in a country whose economy relies on construction

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People

Marjorie Taylor Greene

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