#economic-slowdown

#economic-slowdown

Argentina's president, Javier Milei, has suffered his worst electoral defeat since taking office, as he faces his administration's most serious corruption scandal and signs that the economy is slowing. In local legislative elections on Sunday for Buenos Aires province home to almost 40% of the country's electorate the coalition led by the self-styled anarcho-capitalist was beaten by the opposition by 47% to 34%.

Government called on to take urgent action and support 'the backbone of the Irish economy'

The UK unemployment rate rose to 4.7% in May, a four-year high, surprising economists and reinforcing concerns over a slowing economy.

The private sector lost 33,000 jobs in June, according to a Wednesday report by payroll provider ADP, marking the lowest reading since March 2023.