The Latest Breaking News from Economy

The new Italian government faces some of the toughest challenges since World War Two and the economy could sink into recession in 2023, Prime Minister Giorgia Meloni said on Tuesday in her maiden speech to parliament.

In a speech lasting just under six minutes, the new Prime Minister acknowledged 'mistakes' made by Liz Truss and made a pointed reference to Boris Johnson's mandate as he desperately tries to unite his party

Labor's flagged the budget as "responsible" - but it's still going ahead with those tax cuts.

Thousands of demonstrators took to the streets of Sudan's capital of Khartoum on Tuesday, marking the first anniversary of a military coup that upended the nation’s short-lived transition to democracy. Videos published on social media showed marchers with flags and drums, most of them bound for the Presidential Palace. Other…

China's economy grew at a faster pace than forecast in the third quarter of 2022, but investors have reacted with alarm to President Xi Jinping's sweeping new powers over the ruling Communist Party.

Australian treasurer Jim Chalmers’ main economic message is enjoy today because tomorrow is going to be tough

The federal budget forecasts growth of 3.25% this year but hints at a slowing global economy with high inflation and interest rates

Estimates growth will lose about quarter of a percentage point during the current quarter, or about $5bn in economic activity, because of flooding

Terrified by the prospect of further stoking the worst inflation in three decades, Treasurer Jim Chalmers and Finance Minister Katy Gallagher have delivered a budget that takes out of the economy about as much as it pumps into it.