Economy Industry News
A collection of Economy latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Bringing people together at AI for the Economy Forum
Today we're bringing people together in Washington D.C. to discuss how AI will impact the economy and jobs. At our inaugural AI for the Economy Forum, co-hosted with MIT FutureTech, we're starting with a simple premise: neither the benefits nor the…
Canada tourists deal economic blow by skipping US
Canadian tourists are foregoing travel to the U.S. amid a period of strain in the bilateral relationship, with plummeting visits threatening the American tourism industry and wider American economy. According to data released Monday by Statistics…
IMF warns global economy at risk of recession if Iran war persists
Dearbail JordanBusiness reporter The global economy is at risk of recession if the US-Israel war with Iran continues and high energy prices persist, the International Monetary Fund (IMF) has warned. In its World Economic Outlook report, the IMF…
What is 'stagflation' and why is it a threat to the UK economy?
The UK is predicted to face 'stagflation' – a combination of rising inflation, higher unemployment and low economic growth – primarily due to escalating energy prices stemming from the Iran war. Thomas Pugh, chief economist at RSM UK…
UK economic growth forecasts slashed as IMF says Iran war risks global recession
News from The City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. UK economic growth forecasts for the next two years have…
Beyond Floppy Disk Economics
The postwar international order was built on a bargain. The United States would underwrite a system of rules, institutions, and shared governance, and in return, it would shape that system in its own image. The Bretton Woods architecture—the…
The U.S. Is Back to Squeezing Iran's Economy
President Trump may have reached the limits of what he can achieve by bombing targets in Iran—now he's trying to use economic pressure to bring Tehran back to the negotiating table. After a six-week pummeling by U.S. and Israeli forces…
UK faces biggest hit to growth from Iran war of major economies, IMF says
The energy shock from the Iran war will hit the UK the hardest of the world's advanced economies, the International Monetary Fund (IMF) has forecast. In its latest World Economic Outlook, the IMF cut its estimate for UK growth this year to 0.8%…
The one number driving Americans' frustration with the economy
Americans are feeling despondent about gas. It's a dour time for consumers — in April, the University of Michigan's Consumer Sentiment Index, which surveys consumers on how they feel about current and future economic conditions, hit an…
IMF cuts China's GDP growth forecast to 4.4% as Iran war hits global economy
The International Monetary Fund (IMF) has lowered its global economic growth forecast, including for China, citing shocks from the US-Israeli war in Iran. In its flagship World Economic Outlook published on Tuesday, the IMF projected worldwide…
JD Vance accuses Iran of 'economic terrorism' as US blockade starts
Get our award-winning daily news email featuring exclusive stories, opinion and expert analysis I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. US Vice President JD Vance has accused Iran…
UK 'headed for stagflation' as economy flatlines and inflation bites
Britain is heading for “stagflation”, according to at least one gloomy forecast, as energy prices bite and inflation jumps as a result of the Iran war. Stagflation – a combination of rising inflation, higher unemployment and…
HSBC says Iran war is hitting confidence as businesses warn over economic risks
HSBC bosses have said the Iran war is already hitting global economic confidence, as a string of business leaders warned over the impact of the conflict. Georges Elhedery, the Lebanon-born chief executive of the bank, told Bloomberg Television at a…
Iran war hurting global economy as IMF meeting begins; oil falls on peace hopes - business live
Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. Finance ministers, central bankers and economists from around the world are gathering in Washington DC, with the Iran war casting a gloomy…
It's the Economy, Stupid
Donald Trump has the Iranian economy by the shorthairs. In fact, he has most of the world's economies in his grip right now. By instituting a blockade on the Strait of Hormuz, he has managed to demonstrate to everybody who is piling on and doing…
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