The government must choose this autumn between more austerity and permanently higher spending, experts warn. Read…
Category: Economy
Covid pushes New Zealand into worst recession in years
New Zealand is in its deepest recession in decades, following strict measures in response to the…
Asia sees first regional recession in 60 years
The Asian Development Bank (ADB) says the Covid-19 pandemic has pulled the region’s developing economies into…
Australia in first recession for nearly 30 years
Australia’s economy has plunged into its first recession in nearly 30 years, as it suffers the…
India GDP shows worst quarterly slump in decades
India’s economy contracted sharply in the three months to the end of June, official data shows.…
UK economy worst hit in OECD
The UK was the hardest hit by Covid-19 among major economies from April to June, the…
US stocks hit new high after coronavirus crash
A key US stock index has hit a new high despite ongoing worries about the sharp…
Japan suffers its biggest economic slump on record
The Japanese economy has shrunk at its fastest rate on record as it battles the coronavirus…
Wealth inequality rises even as wage gap narrows
The gap between how much people earn in London and the rest of the country has…
Amazon, Facebook and Apple thriving in lockdown
The coronavirus crisis might be causing widespread economic upheaval around the world, but the world’s biggest…
Republicans introduce $1tn pandemic recovery plan
US Republicans have proposed spending an additional $1tn (£776bn) to address the economic damage caused by…
UK quarterly borrowing hits record high
The UK government borrowed a record £127.9bn between April and June as tackling the coronavirus pandemic…