Economy News Covid S Full Cost To The Uk Economy Is Still Being Counted The Guardian

OECD says UK economy to flat-line in 2023, urges more support

Britain's economy will stagnate in 2023 in the face of high inflation, lagging behind its peers, and the government should consider easing up on tax increases or spending more, the Organisation for ... Read More

‘Rising’ risk UK economy will fall into negative growth, says Bank’s Taylor

There is a “rising” risk that the UK economy could see a “more forceful downturn” due to higher borrowing costs, a policymaker at the Bank of England has warned. Alan Taylor, a member of the central ... Read More

COVID-19 school closures will cost U.S. economy $2 trillion, study finds

A recent study from the University of Washington and Oxford found school closures caused by COVID-19 in 2020 will cost the U.S. economy $2 trillion. The staggering future deficit mainly stems from ... Read More

Powell: Slowdown in U.S. hiring suggests economy still needs rate cuts

WASHINGTON (AP) — A sharp slowdown in hiring poses a growing risk to the U.S. economy, Federal Reserve Chair Jerome Powell said Tuesday, a sign that the Fed will likely cut its key interest rate twice ... Read More