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REVEALED: 34 | Rare Historical Photos

FY24 budget, last full budget of present govt, to be more rural and infra-focused: Report

MUMBAI: The forthcoming budget -- the last full budget of the present government ahead of the general elections to be held in mid-2024 -- will be more rural- and infra-focused, said a foreign brokerage.

The Times of India

Can US avoid a recession? As inflation eases, optimism rises

For months, the outlook for the U.S. economy has been a mostly bleak one: Inflation hitting a four-decade high, consumer spending weakening, interest rates surging

The Independent UK

The 4 Most Attractive Long-Term Stock Picks

With the Fed expected to keep rates higher throughout this year, the odds of the economy tipping into a recession are rising. Amid ongoing macroeconomic uncertainties, investors may consider buying companies with reliable performance over the years for solid long-term returns. To that end, Pfizer (PFE), Johnson & Johnson (JNJ),…

StockNews.com

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California Gov. Newsom proposes cuts to climate change programs amid cloudy economic outlook

SACRAMENTO, Calif. — Facing a projected $22.5 billion budget deficit in the upcoming fiscal year, Gov. Gavin Newsom on Tuesday announced plans to reduce investments in the state’s move to zero-emission vehicles, make cuts to other climate change programs and delay funding for 20,000 new child-care slots as California transitions…

Los Angeles Times

World Bank warns of trigger to global recession as economies on the brink

The world is teetering on the brink of recession — the first time in more than 80 years that two global recessions have occurred within the same decade,

The New Daily

World Bank warning: Global economy is at risk of recession

The global economy will come “perilously close” to a recession this year, led by weaker growth in all the world’s top economies — the United States, Europe and China — the World Bank warns

The Independent UK

Global economy risks second recession within three years, warns World Bank

Washington-based body cuts 2023 growth forecast amid threats from inflation, interest rates, Covid and war

The Guardian - UK

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2 Stocks That Can Protect Your Portfolio From a Recession

Amid widespread macro headwinds, recession odds are rising. Moreover, the latest job report shows signs of decelerating payroll growth. Therefore, we think reliable dividend-paying stocks Pfizer (PFE) and Walmart (WMT) could be ideal buys to protect your portfolio amid the recessionary pressures. Keep reading….

StockNews.com

Will the US see a ‘richsession’ – or will economic turmoil hit the poor hardest?

An expected recession in the US will hit the richest Americans harder than those at the bottom, the Wall Street Journal said this week, coining the term “richcession” to describe the phenomenon. But analysts say there are reasons to believe any coming recession would unfold like the ones before, hurting…

France 24

India’s economic growth to slow to 7%, government forecasts

India remains a relative ‘bright spot’ in the world economy, but weak exports are expected to hamper its growth.

Al Jazeera

US hiring solid while wages cool, giving Fed room to slow hikes

The U.S. labor market stayed strong last month and wage gains cooled, boosting hopes the economy will dodge a recession and giving the Federal Reserve room to slow interest-rate hikes.

Tribune News Service

Pandemic blows hole in Australia population goal but migration recovering

The COVID pandemic has blown a million-person hole in Australia's population projections in a challenge for an economy that has relied on having more consumers to drive growth, though a speedy recovery in migration promises to soften the blow.

Reuters

Conor Sen: The January inflation bump Americans should welcome

Inflation was the bogeyman of 2022. Here at the dawn of 2023, the big question for the U.S. economy is whether or not — and when — we'll dip into a recession this year. In that respect, the bogeyman could become more of a friend.

Tribune News Service

Fiscal 2024 budget wins approval of state agencies

Four state economic agencies endorsed the framework of the fiscal 2024 budget on Wednesday, with state expenditure set at 3.35 trillion baht and a budget deficit of 593 billion baht.

Bangkok Post

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The Independent UK

What are the five promises Rishi Sunak made in his speech?

PM vows to halve inflation, cut waiting lists and halt migrant boats among other priorities

The Guardian - AU

Melbourne shrank while Queensland grew: what the pandemic did to Australia’s population

The Victorian capital is still on track to outpace Sydney as the biggest city in Australia but Covid lockdowns slowed that growth

Birmingham Post

Swansea will fare marginally better than Cardiff as UK emerges from recession claims report

New research from Irwin Mitchell predicts Swansea will return to growth slightly faster than Cardiff in Q4 of 2023

Axios

New year, more money

See which states are hiking the minimum wage.

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Insider UK

Edinburgh and Glasgow lead the pack as UK set to exit recession in mid-2023

However, Aberdeen’s economy is predicted to shrink in the next 12 months

Tribune News Service

Canada sets immigration record as Trudeau seeks more workers

Canada added more than 431,000 new permanent residents last year, the largest annual increase in its history, as Prime Minister Justin Trudeau seeks to ease the country’s labor shortages.

StockNews.com

2 Upgraded Stocks to Add to Your Watchlist This January

IMF chief has warned that this year will be more challenging than the last year. Furthermore, growing recessionary fears and the COVID “bushfire” could negatively impact the economy. Amid an uncertain economic backdrop, it could be wise to add fundamentally strong stocks Altria Group (MO) and Schlumberger (SLB) to your…

StockNews.com

3 Stocks That Thrive During Economic Uncertainty

With the Fed signaling to keep raising rates through this year, the threat of a recession is looming. Given an uncertain market backdrop, investors should buy fundamentally sound stocks, PepsiCo (PEP), Humana (HUM), and Sysco Corp. (SYY), that can generate steady returns. Read on….

The National (Scotland)

UK economic outlook 'as bad as it gets' – and Tories made it worse, experts warn

THE economic future facing the UK in 2023 is “as bad as it gets” and will be “much worse” than the pandemic, top economists have said – as…

Daily Mirror

Britain faces the worst recession among G7 partners, economists predict

A bleak survey of over 100 leading UK-based economists suggests high inflation could linger for longer than other countries as Brits face a huge squeeze in household incomes

The Independent UK

UK suffering from ministers’ ‘outright incompetence’, economists warn

The UK is set for a deeper recession than other G7 nations, economists warned

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