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The Latest Breaking News from Economic Growth

Banks welcome RBI's steady rates, see boost to credit growth

The Reserve Bank of India kept its benchmark repo rate steady at 5.25 percent. It also raised its economic growth forecast and lowered inflation projections. Bankers welcomed the policy stability and proposed regulatory measures for transparency. The central bank's decision reflects confidence in the domestic economy's resilience. This move supports…

The Economic Times

RBI MPC Meeting 2026: Sanjay Malhotra & team keep repo rate at 5.25% as global risks linger with Iran war flare-up

RBI Monetary Policy Meeting 2026: The Reserve Bank of India's Monetary Policy Committee maintained the benchmark repo rate at 5.25 percent. Policymakers are carefully observing geopolitical uncertainties and rising inflationary pressures. Domestic economic growth remains resilient, which supports the central bank's decision. The committee also revised its growth and inflation…

The Economic Times

How Common Is A Seven Figure Net Worth In The U.S.? More Than 1,000 People Become Millionaires Every Day

Strong investment returns, rising home values and years of economic growth have helped millions of Americans cross the $1 million threshold, even as inflation has reduced the purchasing power of that milestone figure.

International Business Times

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Britain's 2027 Money Warning: How a Closed Strait of Hormuz Could Hit Your Wallet

Ernst & Young warns that the UK could face a recession if the Strait of Hormuz remains closed, impacting inflation and economic growth. The closure affects global energy markets and UK households.

International Business Times UK

Charting the Global Economy: Central banks hold the line

Global central banks maintained interest rates this week due to rising energy costs. The Federal Reserve and Bank of England saw some officials push for hikes. Inflation accelerated in Germany and France, impacting consumer prices while Japan lowered its economic growth forecast amid higher oil prices.

The Economic Times

Waste into wealth: A regenerative path

Waste is often seen as the inevitable by-product of economic growth. In reality, it may become one of the most valuable resources economies possess.

Bangkok Post

Euro zone inflation ticks up in July, bolstering rate hike case

Euro zone inflation increased to 2.9% in July, driven by higher oil prices. Underlying inflation also accelerated, indicating broader price pressures are building. The European Central Bank is signaling another interest rate hike is likely soon. Economic growth remains robust, easing concerns about the impact of rate increases. Financial markets…

The Economic Times

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Global Market: BoE outlines inflation, growth paths under three economic scenarios after holding rates

The Bank of England kept its benchmark interest rate unchanged at 3.75% and outlined three economic scenarios for the UK, with its central forecast projecting inflation to fall below the 2% target over the medium term as economic growth gradually strengthens.

The Economic Times

Global Market: BOJ keeps rates unchanged, signals readiness for further hikes as yen remains under pressure

The Bank of Japan maintained its key interest rate at 1% on Friday. This decision followed government intervention to support the weakening Japanese yen. The central bank signaled potential future rate increases if inflation risks intensify. Its economic growth forecast for fiscal 2026 was upgraded in a quarterly report. Underlying…

The Economic Times

Transport Ministry speeds up high-speed rail work

The Ministry of Transport is accelerating construction of the first phase of the Thai-Chinese high-speed rail project while preparing to launch bidding for the second phase, which will extend the line to Nong Khai and strengthen onnectivity with Laos and China to support regional trade, investment and economic growth.

Bangkok Post

India bonds tiptoe along ahead of Fed meet; oil prices weigh

Indian government bonds traded range-bound early Wednesday as investors awaited the Fed's rate decision. Oil prices climbed, reviving concerns about the Gulf conflict and global economic impact. The Reserve Bank of India's policy decision is due next week, with rates expected to remain unchanged. India's financial conditions have tightened recently…

The Economic Times

Thai exports set to take a hit from new US tariffs

The US tariff of 12.5% imposed on Thailand could weaken export competitiveness and add pressure to economic growth in the second half, with further US trade measures still looming, warns Asia Plus Securities (ASPS).

Bangkok Post

US trade deficit narrows, exports hit five-month low ahead of key GDP print

The US goods trade deficit narrowed in June as imports declined more sharply. Imports fell across most major categories, reflecting scaled-back business stockpiling efforts. Exports also weakened during the month, though automotive and consumer goods shipments increased. Economists anticipate trade will remain a drag on second-quarter economic growth. Inventories remained…

The Economic Times

Macroeconomic fundamentals of Indian economy remain strong amid global challenges

India's economy shows strong macroeconomic fundamentals and a resilient financial system. Robust domestic demand and healthy corporate balance sheets support sustained economic growth. The Indian Rupee has depreciated against the US Dollar due to global events. Regional Rural Banks and Public Sector Banks have reported record profits. Government initiatives aim…

The Economic Times

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International Business Times UK

Andy Burnham's £1B Pension Fund Explained: What It Means for UK Savers and Startups

The UK government proposes a £1B Scale-up Fund to support high-growth British companies by connecting pension investments with innovation, aiming to boost economic growth and deliver returns for savers.

The Economic Times

Weak investments, higher oil prices to slow India's GDP growth to 6.6% in FY27: Poll

India's economic growth is projected to slow significantly this fiscal year. Private investment remains weak, and higher oil prices will impact domestic demand. Economists suggest official figures may overstate the economy's true underlying strength. Companies hesitate to expand capacity due to demand uncertainty and global factors. The Reserve Bank of…

The Economic Times

US core capital goods orders climb 0.9% in June, beats expectations

U.S. manufacturing showed resilience in June with increased equipment investment. New orders for capital goods excluding aircraft rose significantly last month. Shipments of core capital goods also improved, indicating strong business spending. This trend supports expectations for steady economic growth through the second quarter. Artificial intelligence expansion continues to drive…

International Business Times UK

Will Andy Burnham's Whitehall Reforms Impact Your Taxes, Jobs or Benefits? Here's What We Know

The UK government has announced major Whitehall reforms. Here's what they could mean for your taxes, benefits, housing, jobs and everyday finances, and what is staying the same.

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The Economic Times

RBI to hold rates through 2026 as growth risks outweigh inflation: Poll of economists

Economists predict the Reserve Bank of India will maintain its key interest rate at 5.25% through year-end. This decision comes as the central bank assesses war impacts and current price pressures. Inflation has risen above the target, but a rate hike is considered premature by officials. The RBI will likely…

Barchart

Fed Decision, Tech Earnings and Other Can't Miss Items this Week

Markets face the week's most consequential moment Wednesday at 2:00pm when the Federal Reserve announces its rate decision and Fed Chair Kevin Warsh holds his first post-decision press conference, setting policy direction.

The Guardian - UK

Can Japan avoid a Liz Truss-style shock as its PM embarks on a giant spending spree?

Sanae Takaichi’s blueprint to inject £1.7tn and double economic growth leaves many investors fearful

Bangkok Post

BoI partners with Citi to draw investment

The Board of Investment (BoI) has partnered with Citi Thailand to strengthen efforts to attract foreign direct investment (FDI), supporting Thailand's long-term economic growth.

The Independent UK

American Express reports a boost in profits driven by new customers and higher spending

AmEx continues to benefit from global economic growth that has disproportionately benefited the wealthy and high net worth individuals

The Independent UK

Russia's central bank gingerly cuts rates, caught between business complaints and inflation

Russia’s central bank made a smaller than usual interest rate cut on Friday, a compromise move to support stagnating economic growth even as inflation fueled by war spending remains higher than the bank’s target

International Business Times

Middle East Clashes Could Hit The World Economy. Growth Could Be Slashed to 1.3%, World Bank Says

World Bank Chief Economist Indermit Gill said that if the war continues for another six months or longer, growth could fall from the projected 2.5% to as little as 1.3%.

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