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The Latest Breaking News from Economic Growth

Chancellor ‘still not satisfied’ despite surprise economic growth at end of 2024

Official figures showed gross domestic product edged 0.1% higher between October and December, confounding expectations for a contraction

Evening Standard

Elon Musk Implausibly Claims 'Competence and Caring' Can Cut the Federal Budget Deficit in Half

The DOGE director wildly exaggerates what can be accomplished by tackling "waste, fraud, and abuse" in government spending without new legislation.

Reason

Government ‘relentlessly focused’ on economy amid reports of lower growth – No10

The Office for Budget Responsibility is said to have cut its projections for economic growth.

The Independent UK

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Sustainable economic growth in South Africa will come from renewables, not coal: what our model shows

Coal fired power stations produce 85% of South Africa’s electricity, making the country the biggest producer of harmful greenhouse-gas emissions in Africa. To move away from coal and meet its commitment to reaching net zero emissions by 2050, South Africa needs to dramatically increase production of renewable energy. New research…

The Conversation

Think tank explains how much the UK economy could be impacted by Trump tariffs

Niesr said it was projecting the UK economy would grow by 1.5 per cent this year - double the Bank of England’s forecast

The Independent UK

Trump tariffs could knock economic growth despite Budget boost, says think tank

Niesr said it was projecting the UK economy would grow by 1.5% this year, lifting its previous forecast of 1.2%.

Evening Standard

Dollar Declines as US Tariffs Weigh on Sentiment

The dollar index (DXY00 ) Tuesday fell by -0.35%. The dollar was under pressure from concern that President Trump's 25% tariffs on all steel, aluminum, and finished metals imports into the US will encourage retaliation that curbs US economic growth. Losses in the dollar were limited by higher T-note yields...

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‘Let’s not forget the pain of the 2008 crisis in pursuit of growth,’ warns Andrew Bailey

Bank of England governor says there is ‘no trade-off’ between economic growth and financial stability

The Guardian - UK

Dollar Slides on Concern US Tariffs Could Weigh on the Economy

The dollar index (DXY00 ) today is down by -0.15%. The dollar today is slightly lower on concern that President Trump’s 25% tariffs on all steel, aluminum, and finished metals imports into the US will encourage retaliation that curbs US economic growth. Losses in the dollar are limited by higher...

Barchart

Bank of England chief cautions over cutting regulation post-financial crisis

Andrew Bailey insisted there was ‘no-trade off between economic growth and financial stability’ in a speech delivered in London on Tuesday.

The Independent UK

Trump tariffs could boost case for rate cut: economists

US tariffs on Australian steel and aluminium would have minimal direct impacts, but weakened Chinese demand for goods like iron ore could hit economic growth.

AAP

Tariffs ‘not conducive’ to economic growth – Irish premier

Mr Martin said it is important for the EU to maintain a ‘positive’ trading relationship with Mr Trump.

Evening Standard

Labour’s clean energy plan will not only cut emissions but lift hundreds of thousands out of fuel poverty

The party’s agenda is about energy security, lower bills, economic growth and good jobs

The Guardian - UK

AI can boost economic growth, but it needs to be managed incredibly carefully

The UK government’s efforts to integrate artificial intelligence (AI) into public services and stimulate economic growth represents a pivotal step in the roll out of the technology in this country.

The Conversation

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International Business Times

Putin Hails Russia's Strong 2024 Economic Growth

Russia reported strong economic growth for 2024 on Friday as record spending on the military offensive against Ukraine outweighed the impact of Western sanctions.

Reason

Washington's Debt Delusion: Economic Growth Cannot Fix the Deficit

Republicans are betting trillions on the hope that the economy will grow fast enough to cover their deficit spree.

The Guardian - UK

Friday briefing: The Bank of England interest rate cut suggests there are more gloomy times ahead

In today’s newsletter: The Bank also downgraded its growth forecast for the UK, piling pressure on Labour to turn its rousing rhetoric on economic expansion into reality

Evening Standard

Bank of England cuts rates but slashes growth forecast in blow to Labour

The base rate fell to 4.5% on Thursday, but the Bank halved the UK’s economic growth forecast for this year while predicting surging inflation.

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The Independent UK

Rachel Reeves hit by gloomy UK growth forecast despite interest rate cut to 4.5%

The Bank of England has cut interest rates by 0.25 per cent to 4.5 per cent but downgraded forecasts on growth

The Conversation

Mark Zuckerberg wants business to ‘man up’, but what it really needs is more women entrepreneurs

By claiming workplaces need to “man up”, Meta CEO Mark Zuckerberg is ignoring one of the biggest untapped opportunities for economic growth – women entrepreneurs.

The Independent UK

Government will not boost economic growth ‘until mental health crisis tackled’

NHS data shows one in five children and young people experience a common mental health problem such as anxiety or depression.