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The Latest Breaking News from Economic Growth

Europe's outlook for economic growth brightens — a little

The European Union’s executive body raised its economic growth forecast, saying Europe had dodged a winter recession that was feared amid an energy crisis

The Independent UK

Alan Kohler: Population growth equals economic growth, but for whom?

We need immigration to replace ageing Baby Boomers. The problem isn't population growth, its the disconnect with housing and infrastructure.

The New Daily

Bank of England lifts interest rates again as food prices stay higher for longer

Central bank economists also released a record upgrade to their economic growth expectations

Insider UK

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PPRP vows to stimulate economic growth

The Palang Pracharath Party (PPRP) on Thursday pledged to spur the country's economic growth with various projects, including injecting money into its old village fund, lowering energy costs and setting up a national energy resources organisation to handle natural gas and oil concessions.

Bangkok Post

IMF: Gov. Strategy Helped the Saudi Economy

The International Monetary Fund (IMF) confirmed that government-led reforms and private investment growth in new sectors would help support non-oil economic growth in Saudi Arabia to be less dependent on oil. The Saudi economy grew 8.7 percent last year, while the real GDP during the fourth quarter of 2022 increased…

Asharq Al-Awsat

Arabica Coffee Closes Moderately Lower on Demand Concerns

July arabica coffee (KCN23 ) on Wednesday closed down -1.25 (-0.67%), and July ICE robusta coffee (RMN23 ) was unchanged. Arabica coffee Wednesday closed moderately lower and posted a 3-week low. Concerns that the ongoing U.S. banking turmoil will lead to slower economic growth that curbs coffee demand are weighing...

Barchart

Coffee Prices Slip on Demand Concerns

July arabica coffee (KCN23 ) this morning is down -0.80 (-0.43%), and July ICE robusta coffee (RMN23 ) is unchanged. Coffee prices this morning are moderately lower, with arabica falling to a 3-week low. Concerns that the ongoing U.S. banking turmoil will lead to slower economic growth that curbs coffee...

Barchart

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Japan, S.Korea revive stalled economic talks as global risks rise

Japan and South Korea held their first finance leaders' meeting in seven years on Tuesday and agreed to resume regular dialogue as tensions in the wider region and slowing growth prod them to increase co-operation and mend strained relations.

Reuters

First Republic's failure may lead to other woes

Struggling banks — even if they're not failing — are bad news for economic growth.

Axios

Karnataka Assembly elections 2023 | Shorn of silicon sheen in the rough and tumble of politics

Karnataka Assembly elections 2023 | Karnataka’s capital, which is known as the Silicon Valley of India and is the economic growth engine of the State, has mostly been in the news for all the wrong reasons over the past few years.

The Hindu

Amazon results beat estimates but slowing cloud growth rattles investors

Amazon posted higher-than-expected revenues and profits for Q1 2023, but slowing growth in its profit-generating AWS cloud services sector sent shares tumbling after hours. Also in this edition: US economic growth slows sharply in the first quarter, and Paraguay's upcoming election on Sunday could have big geopolitical consequences for Taiwan.

France 24

OPEC: We Do Not Target Oil Prices, IEA Should be 'Very Careful'

The International Energy Agency (IEA) should be "very careful" about discouraging investment in the oil industry, which was vital for global economic growth, announced OPEC Secretary General Haitham al-Ghais. Ghais warned that such statements could lead to oil market volatility in the future. He said that the Organization of the…

Asharq Al-Awsat

Westpac forecasts RBA is done with rate hikes, ASX finishes higher, Coles' quarterly revenue climbs — as it happened

The ASX gains ground as Westpac forecasts the RBA will leave rates unchanged at its meeting next week. Look back on the day's events with our blog.

ABC News

Retail market demonstrating solid signs of improvement

Driven by economic growth and a rebound in tourism, the retail property market has been steadily improving since the fourth quarter of last year, with a prediction that it will return to normal by 2024, according to consultants.

Bangkok Post

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AFP

Wall Street stocks rise despite growth slowdown

London (AFP) - Wall Street stocks pushed higher on Thursday despite data that showed US economic growth is slowing, which raised fresh questions about interest rates hikes.

Bangkok Post

US growth cools in first quarter

WASHINGTON: US economic growth lost steam in the first quarter this year, the Commerce Department said on Thursday, as the possibility of a mild recession brews while consumer spending weakens.

AFP

US growth cools in first quarter as recession fears deepen

Washington (AFP) - US economic growth lost steam in the first quarter as gloomier business investment countered a rise in consumer spending, the Commerce Department said Thursday, while the possibility of a mild recession brews.

Roll Call

House GOP readying economic package with business tax breaks - Roll Call

House Republicans are preparing to take up some favored tax breaks as part of a broader package aimed at spurring economic growth.

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Bangkok Post

Thai growth slashed based on weak exports

The Fiscal Policy Office (FPO) has downgraded its forecast for Thai economic growth this year to 3.6% from 3.8%, mostly based on expectations of an export contraction.

Bangkok Post

Finance Ministry trims growth forecast

The Finance Ministry has lowered its 2023 economic growth outlook to 3.6% from 3.8% projected earlier, on expectations of a fall in exports as global demand weakens.

Asharq Al-Awsat

Oil Prices Stable as Investors Ponder China Demand, Rate Hikes

Oil prices held steady on Tuesday as investors weighed strong holiday travel in China that could boost fuel demand against the prospect of rising interest rates elsewhere, slowing economic growth. Brent crude fell 3 cents to $82.70 a barrel at 0620 GMT, while US West Texas Intermediate crude also eased…

The Independent UK

Stock markets today: Asia mixed ahead of US earnings

Asian stocks are mixed after Wall Street edged higher as investors awaited U.S. earnings reports and an update on economic growth

Bangkok Post

Schizophrenia being displayed at the IMF

It has taken far too long, but it seems that the International Monetary Fund has finally internalised some hard truths about sovereign-debt reduction. Chief among them is that growing economies have an easier time repaying. As such, fiscal consolidation -- the organisation's favoured strategy -- undermines efforts to reduce debt-to-GDP…

Bangkok Post

BJT pushes land bridge project in South

The Bhumjaithai Party is vowing to push for a "land bridge" that will connect the Andaman Sea with the Gulf of Thailand, saying the project will help spur economic growth in the South.

The Independent UK

PM to kick off business conference aimed at boosting UK’s economic growth

Rishi Sunak said the Business Connect event would bring the UK’s biggest companies and investors together for ‘meaningful dialogue’.

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