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The Latest Breaking News on Economy

UK economy grows slightly in first quarter but slumps unexpectedly in March

THE UK economy marginally grew over the first quarter of the year, according to official data, despite an unexpected slump in March.

The National (Scotland)

UK economy ekes out growth in first quarter

London (AFP) - Britain's economy grew 0.1 percent over the first quarter despite weakening in March, official data revealed Friday, as output continues to be hit by high inflation and strikes.

AFP

Rishi Sunak ‘may fall short on pledge to halve inflation in 2023’, top think tank warns

The National Institute of Economic and Social Research reckons inflation will to fall to 5.4% by the end of the year

Evening Standard

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RBA research finds Australia has up to an 80 per cent recession risk to get inflation under control

Previously unpublished internal research from the Reserve Bank estimates that Australia's risk of recession over this year and next could be as high as 80 per cent.

ABC News

Leaders navigating an uncertain world

Business leaders across the globe are regularly asking themselves some form of the following four questions:

Bangkok Post

Coalition may support Labor’s cost of living measures

Cost of living measures helping struggling Australians with soaring energy and health costs in Labor's second budget may be supported by the coalition.

The New Daily

PM maintains ‘we’re the party of aspiration’ – as it happened

This blog is now closed.

The Guardian - AU

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Budget spends big on support but won't make much difference to poverty

The 2023 federal budget has a strong emphasis on the cost-of-living, with a A$14.6 billion plan designed to help Australians who are “under the pump”.

The Conversation

Budget 2023: Budgeting for difficult times is hard – just ask Chalmers

Surplus or not, the budget papers show us living through pretty awful times.

The Conversation

Australia flags first annual budget surplus in 15 years

Treasurer Jim Chalmers says country is on track for first surplus since the global financial crisis in 2008.

Al Jazeera

What time is the 2023-24 federal budget? Here are the key things to watch for and what 'budget surplus' means

While the federal government has already announced several measures ahead of the big moment on Tuesday night, the full details don't drop until then. Here's a quick guide to get you up to speed with what's happening and what to watch out for.

ABC News

Australia forecasts first annual budget surplus in 15 years

The Australian government has forecast the nation’s first balanced annual budget in 15 years but warns that economic pressures such as inflation will push the country into deeper debt in future years

The Independent UK

Jobseeker must be substantially raised in the budget – and there’s a simple way to pay for it

If the stage-three tax cuts were only temporary, there would be no need to delay lifting support for those who need it most

The Guardian - AU

Inside the Canberra bubble: what happens in the federal budget media lock-up?

Are you actually locked up? Is it stressful? Do you have internet access? Amy Remeikis answers all your burning budget questions

The Guardian - AU

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The Guardian - AU

Jim Chalmers to announce first surplus in 15 years in 2023 federal budget

Albanese government’s first full-year budget benefits from higher commodity prices, low unemployment and wage growth

Crikey

Here’s what should — but won’t — be in tomorrow’s disappointing federal budget

Progressive tax reform? Significant improvement of welfare payments? Addressing falling wages? Don’t hold your breath.

The Guardian - AU

Fears relief could add to inflationary pressures – as it happened

This blog is now closed.

Newsroom.co.nz

Budget plea to Grant Robertson to return NZ economy's focus to wellbeing

Wellbeing Economy Alliance co-founder Katherine Trebeck is to meet with finance minister before the Budget – and says her message won't be diplomatic. Jonathan Milne reports.

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The New Daily

Workers to get real wage lift ahead of schedule

Australian workers can expect to see their pay packets growing faster than consumer prices by early next year. An improvement in real wages, which

The Street

What the 'Jobs' Number Really Means (It's Not Good for You)

Don't be fooled by the low unemployment rate. It won't last long.

Investors Business Daily

Jobs Report: Strong Hiring, Drop In Unemployment Tests The Fed; S&P 500 Rallies

Friday's jobs report showed solid hiring, faster wage growth and lower unemployment, all bad for the Federal Reserve. But S&P 500 futures rose.

The Conversation

Budget shows real wages expected to start growing early next year and promises effort to 'shift the needle' in disadvantaged communities

Real wages are expected to start growing slightly earlier and grow more strongly than previously forecast, according to the latest Treasury estimates.

The Independent UK

White House warns of catastrophic recession if US defaults on debt

The White House says a default would cause a self-perpetuating crisis because the government couldn’t borrow money to help Americans deal with the resulting recession

The Street

Fed Preps 10th Straight Rate Hike As Inflation Concerns Outweigh Bank Stresses

"The labor market is still too tight for the Fed’s liking," said Jeffrey Roach, chief economist for LPL Financial.

The Guardian - AU

Labor accused of playing ‘footsies’ with Australia’s major challenges if it pursues risk-averse budget

‘Bold is what we need’ from budget to lift people out of poverty and address cost of living, Grattan Institute’s Danielle Wood says

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