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The Latest Breaking News on Economy

New figures show UK economic growth weaker than first thought

The UK economy continued its recovery from recession at the end of last year

The Independent UK

Final budget outcome shows 2023-24 surplus of $15.8 billion

The budget surplus for last financial year has come in at $15.8 billion, well exceeding the $9.3 billion that was forecast in the May budget.

The Conversation

Key business survey for September points to slowing growth ahead of the Budget

The PMI reading of 52.9 is down from 53.8 in August and below City expectations of 53.5

Evening Standard

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Rachel Reeves tells civil servants to get back in the office in London to boost Britain's productivity

Civil servants should get back in the office in Whitehall and other parts of Britain to boost the economy, says Rachel Reeves.

Evening Standard

OPINION - The Standard View: Rachel Reeves must focus on growth, not just doom

Round numbers should be no more interesting or enlightening than any other. But the revelation that Britain’s debt has hit 100 per cent of GDP is unlikely to lift the sense of gloom that has already settled above Whitehall.

Evening Standard

Healthy jobs numbers to keep RBA on the sidelines

Australia's economy may be limping along but jobs are still going, although mostly part-time gigs and predominantly roles in the public sector.

AAP

Should We Worry About the Slowing U.S. Economy

With the labor market cooling off and financial markets turning jittery, just how healthy is the economy right now?

Kiplinger

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Brexit Causing Significant Decline In UK-EU Goods Trade

Brexit's impact on UK-EU trade relations post-2020, highlighting challenges and recommendations for enhancing economic growth.

Top News

Resilience of jobs market put to test

Fresh labour force data will be watched closely following the Reserve Bank's assessment it was still operating above 'full employment'.

AAP

UK Economy Stalls, Dealing Blow To New Government

Britain's economy stalled again in July, official data showed Wednesday, dealing a blow to the new Labour government that has put growth expansion at the top of its priority list.

International Business Times

UK economy flatlines in July for second month running

THE UK economy flatlined in July for the second month in a row, according to the latest official figures, as the Chancellor said she is “under no…

The National (Scotland)

New fear unlocked: unemployment worries grip consumers

Consumers are becoming more concerned about the sluggish economy and what this could mean for jobs, with cost-of-living becoming a lower order worry.

AAP

Women ditching part-time as COVID redefines flexibility

Part-time work is fading as the go-to way of meeting flexibility needs and this could open up opportunities to narrow gender-based economic disadvantage.

AAP

US Job Gains Miss Expectations In August As Labor Market Cools

US hiring bounced back in August but missed expectations while the jobless rate crept down, government data showed Friday, paving the way towards central bank rate cuts in the coming weeks.

International Business Times

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Kiplinger

Stock Market Today: Stocks End Mixed Ahead of August Jobs Report

The main indexes struggled for direction Thursday after data showed the labor market continued to cool.

International Business Times

US Private Sector Hiring Misses Expectations In August: ADP

Hiring in the US private sector markedly undershot analyst expectations in August, said payroll firm ADP on Thursday, as the labor market's health comes under scrutiny.

The Guardian - AU

Australia is about to get an economic health check. What do GDP figures mean and why are they important?

The numbers could mark the nadir in gross domestic product performance, while the RBA watches closely for cues to help time an interest rate cut

The Guardian - AU

Unemployment is rising and Australia’s economy is weak – but don’t hit the recession alarm just yet

Are we headed for a recession? The answer is complex – although for young people it already feels like one

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Kiplinger

Are You Poor?

Many Americans believe they are worse off than they were before the pandemic, but the truth is that economic conditions are pretty good right now. So what's up?

Evening Standard

OPINION - This is not a drill: Britain’s economy is flashing green

I would be the first to admit it. My stories and commentaries on the state of the British economy have not made for very cheery reading over the past two or three years. Close friends have taken to calling me the Prynn Reaper during the seemingly interminable and gruelling cost…

Investors Business Daily

How To Recession-Proof Your Life

The dreaded "R" word is back on Wall Street. Now's the time to prepare for the next economic downturn.

The Guardian - UK

Does strong economic growth so far in 2024 bode well for Rachel Reeves? Don’t count on it

GDP growth juddered to a halt in June, backing theory the rebound is weak. The next six months could be tough

The Guardian - UK

UK economy continues recovery from recession with GDP growth of 0.6%

ONS data shows strong performance in second quarter with the service sector helping drive growth

The Guardian - UK

Dollar jumps as strong US retail sales ease recession fears – as it happened

US retail sales grew by 1% in July, much stronger than the 0.3% expected; UK GDP grew by by 0.6% in second quarter of 2024

The Guardian - AU

Public sector wages increase at second fastest pace in 14 years, ABS data shows

Private sector wages growth was up just 0.7% for the June quarter, the equal lowest since the end of 2021

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