The Latest Breaking News from Economy

Live, rolling coverage as surprise GDP acceleration in June helps quarterly output beat expectations, while eurozone industrial production slumps

The figure was stronger than the 0.1 per cent level widely expected by economists

Increasing tariffs on foreign goods and the impact of deportations on the work force cited as job growth slows in Texas.

Too often in discussions about productivity, the care economy only gets mentioned as the problem child putting a drag on growth. This week, the Productivity Commission is seeking to change that narrative with the release of its fifth and final report ahead of the government’s economic reform roundtable next week.

Coming out of the pandemic, Bank of America Institute’s David Tinsley tells Fortune, “there was a narrowing of wealth inequality, and now it’s widening.”

Exclusive: Chancellor focuses on investment and planning rules as she dismisses talk of tax rises as ‘speculation’

Labour is reversing a decade of stagnation and we’re making progress on wages, jobs and trade. But there is more to do, says Rachel Reeves, chancellor of the exchequer

President’s approval rating with right-leaning Americans has dropped on issues including personal trust and the economy

There has been some turbulence over the last 52 weeks for Amazon's stock, and it has some investors concerned.