Inflation

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‘People are pissed off’: anger at the elite and the establishment is fueling this year’s midterms

Coming midterm elections are starting to be framed not as right versus left but instead the ‘well-fed versus the fed-up’Brian Leeland, a 79-year-old Democratic voter in Detroit, had enough. Frustrated by the way the US media covers this febrile political era, from Donald Trump’s Washington to political campaigns across the country, he contacted the Guardian.“Your […]

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UK economy defies forecasts with surprise 0.4% growth in July

Welcome boost for chancellor with unexpected rise put down to rapid growth of AI in services sector outweighing Iran war fallout The UK economy grew in July as the rapid growth of AI appeared to outweigh the economic damage from the Iran war, in a welcome boost for the John Healey before next month’s budget.Figures

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IMF upgrades UK growth forecast as fears over impact of Iran war diminish

July update projects GDP growth of 1% this year, making UK the third fastest-growing economy in the G7The International Monetary Fund (IMF) has upgraded its growth forecast for the UK, while leaving those for other G7 countries weaker or unchanged, amid hopes the economic impact of the Iran war may be less severe than feared.In

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US economic growth slowed in fourth quarter of 2025 amid government shutdown

GDP grew 1.4% last quarter, down from economists’ forecast of 3%, though AI and tax cuts could boost growth this yearBusiness live – latest updatesUS economic growth slowed more than expected in the fourth quarter amid disruptions from last year’s government shutdown and a moderation in consumer spending, but tax cuts and investment in artificial

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Donald Trump trashed global economic orthodoxy. A year on, did he leave Australia a winner or loser?

While tariffs have been ‘all show and no substance’, economists fear an AI investment bubble and tensions in the South China Sea, along with Trump’s attacks on the Federal Reserve’s independenceGet our breaking news email, free app or daily news podcastOne year into Donald Trump’s presidency and experts in Australia and around the world can

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Trump’s failed energy bill pledge leaves US households struggling: ‘It’s obscene’

A year after then candidate Trump promised to cut energy bills in half, rising costs are pushing many Americans’ household budgets to the brinkBefore she sat down to speak with the Guardian, Zattura Sims-El leaned over to plug a table lamp into the wall.“I keep everything in this house unplugged when I’m not using it,

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Sticky inflation, metal prices and the AI bubble risk: key trends to watch in the Australian economy in 2026

Can inflation be tamed without further interest rate hikes? And will the hot streak for gold and silver continue in 2026?Get our breaking news email, free app or daily news podcastThe Australian share market delivered a 6.8% return in 2025, representing a third consecutive year of gains in a volatile period marked by trade wars,

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Five charts that explain the global economic outlook for 2026

Inflation is predicted to cool but uncertainty over AI-driven growth and trade policy poses risks in the year aheadThe global economy proved to be more resilient in 2025 than had been feared, despite severe headwinds that ranged from Donald Trump’s trade war to geopolitical tensions and the conflicts in Ukraine and the Middle East.Entering the

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