The Latest Breaking News on Economy

SACRAMENTO, Calif. — Facing a projected $22.5 billion budget deficit in the upcoming fiscal year, Gov. Gavin Newsom on Tuesday announced plans to reduce investments in the state’s move to zero-emission vehicles, make cuts to other climate change programs and delay funding for 20,000 new child-care slots as California transitions…

The world is teetering on the brink of recession — the first time in more than 80 years that two global recessions have occurred within the same decade,

The global economy will come “perilously close” to a recession this year, led by weaker growth in all the world’s top economies — the United States, Europe and China — the World Bank warns

Washington-based body cuts 2023 growth forecast amid threats from inflation, interest rates, Covid and war

Amid widespread macro headwinds, recession odds are rising. Moreover, the latest job report shows signs of decelerating payroll growth. Therefore, we think reliable dividend-paying stocks Pfizer (PFE) and Walmart (WMT) could be ideal buys to protect your portfolio amid the recessionary pressures. Keep reading….

An expected recession in the US will hit the richest Americans harder than those at the bottom, the Wall Street Journal said this week, coining the term “richcession” to describe the phenomenon. But analysts say there are reasons to believe any coming recession would unfold like the ones before, hurting…

India remains a relative ‘bright spot’ in the world economy, but weak exports are expected to hamper its growth.

The U.S. labor market stayed strong last month and wage gains cooled, boosting hopes the economy will dodge a recession and giving the Federal Reserve room to slow interest-rate hikes.

The COVID pandemic has blown a million-person hole in Australia's population projections in a challenge for an economy that has relied on having more consumers to drive growth, though a speedy recovery in migration promises to soften the blow.

Inflation was the bogeyman of 2022. Here at the dawn of 2023, the big question for the U.S. economy is whether or not — and when — we'll dip into a recession this year. In that respect, the bogeyman could become more of a friend.

Four state economic agencies endorsed the framework of the fiscal 2024 budget on Wednesday, with state expenditure set at 3.35 trillion baht and a budget deficit of 593 billion baht.