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The Latest Breaking News from Economic Growth

Trump’s plans to extend tax cuts and slash red tape will likely spur economic growth − but there’s a cost

The economy was one of their top issues as voters went to the polls this year. So what does Donald Trump’s return to the White House – as well as Republican gains in Congress – mean for the U.S. economy?

The Conversation

How the climate crisis threatens the Panama Canal – and the country’s future

Recent drought restrictions on the waterway cost the country $1bn. Now, newly appointed environment minister Juan Carlos Navarro must find a way to balance sustainability with economic growth

The Guardian - UK

Markets Surge As Trump Wins Presidency And Republicans Control Senate

Stocks, bonds, and bitcoin surged post-Trump's re-election, with markets optimistic about economic growth. Global markets are closely monitoring the implic...

Top News

OPINION - The Standard View: Labour's National Insurance raid will hit "working people"

It was not all that long ago the Labour Party was campaigning for government, promising to prioritise economic growth, and reassuring voters that vast tax rises were not necessary. Yesterday’s Budget put paid to that.

Evening Standard

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Taxes will have to rise further despite Reeves’ £40bn tax grab, IFS director warns

Rachel Reeves has hit back at criticism of her Budget after the chancellor received backing from the International Monetary

The Independent UK

OBR says budget unlikely to lift economic growth over next five years

Forecaster says extra spending revealed by Rachel Reeves will give only a short-term lift to economy

The Guardian - UK

UK economic growth upgraded this year amid ‘temporary boost’ from spending

The Office for Budget Responsibility has predicted that UK gross domestic product will grow by 1.1% in 2024.

Evening Standard

South Africa’s fight against extreme poverty needs a new strategy - model shows how social grants could work

South Africa has been struggling for decades to reduce poverty, inequality and unemployment and raise the rate of economic growth.

The Conversation

US economic growth slows, as Germany avoids recession and France gets Olympics boost – as it happened

Eurozone GDP grew by 0.4% in the last quarter, faster than expected, as Germany’s economy avoids second contraction in a row

The Guardian - UK

NASA generated $76 billion for US economy in 2023, report says

NASA's efforts in science, exploration and beyond are helping drive significant economic growth across America, according to an agency study.

Space

Starmer: Publishers should have control over content as AI technology develops

The Prime Minister said news media and the creative sector are ‘central to this government’s driving mission on economic growth’.

The Independent UK

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AAP

Tax reform may be shunned in state economic growth plan

The Victorian government has been warned businesses will flee interstate if it turns its back on loosening tax settings in an upcoming economic growth plan.

Evening Standard

UK economic growth forecasts downgraded for next two years – economists

EY Item Club’s latest quarterly economic forecast points towards 0.9% growth in 2024.

International Business Times

China Should Use Fiscal Policy To Boost Growth: IMF

The Chinese government should use its tax-and-spend policies to help boost flagging economic growth, a senior IMF official told AFP ahead of key meetings this week in Washington.

Evening Standard

Budget 2024: Boost for Labour Chancellor Rachel Reeves as IMF ramps up economic growth forecast for Britain

The leading economists increased their prediction for GDP growth in the UK in 2024 from 0.7 per cent to 1.1 per cent

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International Business Times

Apple CEO Visits China For Second Time This Year As Sales Slump

The iPhone maker remains popular among Chinese consumers but has ceded ground to domestic rivals in recent years as the Asian nation faces slowing economic growth and sluggish consumption.

Barchart

Crude Posts Moderate Gains on Chinese Stimulus

Nov WTI crude oil (CLX24 ) Monday closed up +1.34 (+1.94%), and Nov RBOB gasoline (RBX24 ) closed up +1.27 (+0.63%). Crude and gasoline prices Monday posted moderate gains. Monday's action by Chinese banks to cut interest rates may spur economic growth and is bullish for crude prices. Also, heightened...

Barchart

Crude Climbs as China Boosts Stimulus Measures

Nov WTI crude oil (CLX24 ) today is up +0.88 (+1.27%), and Nov RBOB gasoline (RBX24 ) is up +0.10 (+0.05%). Crude and gasoline prices today are moderately higher. Today's action by Chinese banks to cut interest rates may spur economic growth and is bullish for crude prices. Also, heightened...

Top News

Indonesia's President Subianto Swears In Largest Cabinet Since 1966

President Prabowo Subianto inaugurates Indonesia's largest Cabinet since 1966, focusing on robust governance and ambitious economic growth goals.

International Business Times

Indonesia's Prabowo Targets Growth Spurt With Big Projects

Indonesian President Joko Widodo leaves office Sunday with high approval ratings thanks to strong economic growth, but his successor Prabowo Subianto has bigger ambitions, including an eye-catching $28 billion free meal plan for students.

The Guardian - AU

China posts slowest economic growth in 18 months as optimism fades over stimulus

Blistering sharemarket rally of recent weeks recedes as expectations cool towards long-awaited ‘bazooka stimulus’ for ailing property sector

International Business Times

Asian Markets Swing As China Economic Growth Slows

Asian markets fluctuated Friday after China posted its weakest economic growth in a year and a half, as gold prices hit a record high and following a tepid lead from Wall Street.

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