Economy Industry News
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Economic growth downgraded to 0.5 percent in fourth quarter of 2025
U.S. economic growth slowed more than previously expected during the fourth quarter of last year, according to new government data. The Commerce Department reported on Thursday that real gross domestic product (GDP) from last October, November and…
Iran's economy was weak before the war, now it's worse
Even before the war in sanctions-hit Iran, inflation was running at nearly 50 percent and anger over the economy had fuelled massive anti-government protests. After more than five weeks of conflict, problems have only mounted. SCROLL TO CONTINUE…
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…
How CMU Powers Pittsburgh's Innovation Economy
Carnegie Mellon's influence on Pittsburgh's innovation economy was built over decades of sustained investment in research that's foundational to modern technology. CMU's research enterprise spans more than 100 interdisciplinary institutes and…
Economy Grew at Sluggish 0.5% in Q4 in Downgrade of Estimate - TT
WASHINGTON — The American economy, slowed by last fall's 43-day government shutdown, grew at a sluggish 0.5% annual pace from October through December, the Commerce Department reported April 9 in a downgrade of its previous estimate. U.S.
Head of IMF says Iran war will permanently scar global economy even if peace is reached
The head of the International Monetary Fund has warned that the Iran war will permanently scar the global economy even if a durable peace deal in the Middle East can be reached. In a speech delivered as the ceasefire in the conflict threatens to…
How 'Attritable' Systems Are Changing the Economics of Warfare
This article is for subscribers only. I'm Chris Anstey, a senior economics editor in Boston, and today we're looking at the changing economics of warfare. Send us feedback and tips to. And if you aren't yet signed up to receive this newsletter, you…
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…
US economy grew a sluggish 0.5% in fourth quarter, government says, downgrading previous estimate
The American economy, slowed by last fall's 43-day government shutdown, grew at a sluggish 0.5% annual pace from October through December, the Commerce Department reported Thursday in downgrade of its previous estimate. U.S. gross domestic —…
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…
Rupee to Stabilise at 92-93/USD: PM's Economic Advisor
S Mahendra Dev, chairman of the Economic Advisory Council to the Prime Minister, confidently stated that the Indian rupee is stabilising and is expected to settle around the 92-93 level against the US dollar, with foreign investment flows poised…
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.
A Tech Layoff 'Fear Gauge': Niche Prediction Market Becomes a Leading Economic Indicator
The contract assigns an 83% probability to higher tech layoffs, drawing over $30M in trading volume. Traders are using the market as a real-time signal on AI-driven workforce changes and corporate cost cuts. One of the fastest-growing and most…
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