Economy Industry News
A collection of Economy latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Australia's welfare bill could exceed size of New Zealand's economy
Welfare to hit $329billion by 2029 New Zealand GDP is $368billion READ MORE: Chris Bowen's press conference is HIJACKED by rogue journalist Australia is heading toward a welfare blowout so large that Commonwealth social spending could soon rival…
Here's what top voices in markets and economics are saying about the Iran war ceasefire
US President Donald Trump gave Wall Street exactly what it hoped for on Tuesday evening when he announced a two-week ceasefire with Iran, triggering a relief rally in the stock market. This result is a reminder of how the TACO trade came to be one…
Plaid Cymru promises action on NHS, childcare and economy
Mark PalmerAssistant editor, Wales politics Plaid Cymru says it has a 'bold and confident vision' for Wales' future and will 'take action where it is needed most', as the party unveils details of its Senedd election pledges. Party leader Rhun ap…
Wars impose deep and prolonged economic costs on countries, IMF research finds
Wars cause large and persistent economic losses in countries where fighting takes place, with output declining by roughly 7 percent over five years on average, and economic scars lasting for more than a decade, the International Monetary Fund said…
The Economic Aftershocks of the War With Iran Will Linger
I'm Nancy Cook, Bloomberg's senior national political correspondent, and each weekday I'll be coming to you with inside-the-room reporting and insights that reveal what's really happening in Washington — and how it impacts you. Email me with…
Faisal Islam: Iran war pause is welcome but the economic scars will last
For most of the past six weeks, we have brought you maps of a gummed-up Strait of Hormuz. Approximately 800 ships are believed to have been stuck in the Gulf, many transporting oil and gas, and have been unable and unwilling to exit onto the open…
Long Covid Predicted to Cost OECD Economies $135 Billion a Year
The pandemic might be over, but new research indicates long Covid is likely to reverberate across OECD economies, costing up to $135 billion a year over the next decade. The global forum's new analysis shows the direct health-care costs of long…
East Asia economic growth to slow due to war, energy costs - World Bank
Economic growth in East Asia Pacific will slow this year as war in the Middle East, and the elevated energy price and trade turmoil weigh on economies in the region, the World Bank said in its economic outlook for the region published on Wednesday.
Inside the Iran war's hidden economic toll
President Donald Trump has left America's economy far worse off than it had been as a result of his war against Iran, according to a number of experts. “American consumers have started to feel their budgets squeezed beyond gas prices from…
The war is on hold. But the economy is still in danger.
For months, America's war with Iran has been slowly suffocating the global economy. In March, Iran closed the Strait of Hormuz — the narrow waterway that links the Persian Gulf's oil reserves to global markets. As a result, energy prices…
Bonds may be the real winner now that the world economy has sidestepped a historic oil crisis
The Iran crisis and the closure of the Strait of Hormuz threatened “the largest geopolitical oil supply disruption in history” and a U.S. energy crisis “between two and three times as large” as the crises of 1973, 1979…
The US Economy Is Replaying the 2000s, Not the 1970s
Kathryn Anne Edwards, Columnist When it comes to understanding the economy, the pull of the past is hard to ignore. Cause and consequence are difficult enough to parse in real time. How about predicting a sequence of events? Near impossible.
Gold: Wars And Jungle Economics (Commodity:XAUUSD:CUR)
Gold earns a 'strong buy' rating due to rising geopolitical instability, declining international cooperation, and increasing reliance on gold for trade settlement. The Iran war triggered a short-term gold price decline, presenting an attractive…
Why Americans spend $22 on smoothies despite feeling terrible about the economy
Americans are skipping restaurant dinners, delaying car purchases and scouring for grocery deals. Amid tariff anxiety and broader stress over affordability, consumer confidence has dropped to levels not seen in over a decade, according to The…
What's Next for the U.S. Economy After Iran Cease-Fire
The fragile, two-week cease-fire involving the U.S., Israel and Iran is welcome news for the U.S. economy—but don't expect an immediate return to normal. In recent weeks, soaring gasoline prices and climbing mortgage rates pinched consumers…
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