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The Latest Breaking News from Economic Growth

Report: Facebook Parent Meta Is Preparing Large-scale Layoffs This Week

Meta Platforms Inc (META.O) is planning to begin large-scale layoffs this week that will affect thousands of employees, the Wall Street Journal reported on Sunday citing people familiar with the matter, with an announcement planned as early as Wednesday. Facebook parent Meta in October forecasted a weak holiday quarter and…

Asharq Al-Awsat

Chinese officials signal no change to 'zero-COVID' policy

Chinese health officials are giving no indication of any relaxation of COVID-19 restrictions following several days of speculation that the government was considering changes to a “zero-COVID” approach that has stymied economic growth and disrupted daily life

The Independent UK

COP27 must work out how to cut carbon and still develop African economies

Averting a climate disaster without compromising economic growth and development is a key issue for African countries. Energy production and use is the single biggest contributor to global warming, accounting for roughly two-thirds of human-induced greenhouse gas emissions. Yet, electricity use and access are strongly correlated with economic development.

The Conversation

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SET ‘could top record next year’

Thai stocks may test their previous record level next year on optimism that a return of international tourists will boost economic growth and corporate earnings, according to SCB Asset Management.

Bangkok Post

Fed faces twin threats of recession and financial crisis as its inflation fight raises risks of both

There is wide agreement among economists and market observers that the Federal Reserve’s aggressive interest rate hikes will cause economic growth to grind to a halt, leading to a recession. Less talked about is the risk of a financial crisis as the U.S. central bank simultaneously tries to shrink its…

The Conversation

New mindset 'key to green growth'

Prime Minister Prayut Chan-o-cha on Wednesday called for all stakeholders to change their business mindset and put a focus on sustainability as he touted Thailand's bio-circular-green (BCG) economic model as a solution to climate change and a core strategy for sustainable economic growth.

Bangkok Post

The Standard View: Spending cuts and tax rises will be a hard sell for No 10

The mood music emanating from the Treasury ahead of the November 17 Autumn Statement is funereal: tax rises and spending cuts are imminent. Amid anaemic economic growth and following a mini-Budget that spooked the markets and saw the cost of borrowing rise, there is a clear need to make the…

Evening Standard

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Satellite pictures shine light on the nations that inflate their GDP

Authoritarian regimes can be seen to be manipulating their economic growth rates to a greater extent than democracies

The Guardian - UK

Office nudges down growth forecast this year

The Fiscal Policy Office (FPO) has downgraded its 2022 Thai economic growth forecast to 3.4% from the 3.5% projection it made in July.

Bangkok Post

Finance Ministry trims GDP growth outlook to 3.4%

The Finance Ministry on Friday trimmed its 2022 economic growth outlook to 3.4% from 3.5% projected earlier, with the main drivers being a recovery in private consumption and the crucial tourism sector, Fiscal Policy Office (FPO) director-general Pornchai Thiraveja said.

Bangkok Post

Rents Start to Ease After Surge During Pandemic

Stagnant economic growth is sapping demand for apartments, depressing rents.

The Street

Kiplinger GDP Outlook: Q3’s Solid Growth Pace Not Likely to Last

GDP growth was likely solid, but the economy is poised to downshift to 2.0% quarterly through 2025.

Kiplinger

New PM Meloni confirms Italy's place in Europe, NATO

Rome (AFP) - New Italian Prime Minister Giorgia Meloni set out her programme for government on Tuesday, reaffirming her support for the EU and Ukraine and promising to boost economic growth while rejecting Fascism.

AFP

Defiant Truss defends her tax-cutting agenda

In a final address on the steps of Downing Street, the outgoing PM said the country needs ‘bold’ action to deliver economic growth.

The Independent UK

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Evening Standard

Sunak must balance the books and restore confidence in the UK economy

Britain’s new prime minister needs to be fiscally conservative, provide targeted support for the very poorest, and implement radical supply side reforms.

The Guardian - UK

Institute for Fiscal Studies warns against cutting spending on sixth forms

Thinktank says any reduction would ‘sit uncomfortably’ with pledge to focus on skills and economic growth

Asharq Al-Awsat

China’s Economic Growth Accelerates but Weak amid Shutdowns

China's economic growth picked up in the latest quarter but still was among the weakest in decades as the ruling Communist Party tries to reverse a slump while enforcing anti-virus controls and a crackdown on debt in its vast real estate industry. The world's second-largest economy grew by 3.9% over…

The Independent UK

China's economic growth accelerates but weak amid shutdowns

China’s economic growth accelerated in the latest quarter but still was among the slowest in decades as the country wrestled with repeated closures of cities to fight virus outbreaks

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The Independent UK

China's exports weaken in September, imports up 0.3%

China’s export growth weakened in September while imports rebounded from a contraction as economic growth improved

The Guardian - UK

Xi Jinping chooses ‘yes’ men over economic growth in politburo purge

China’s president doubles down on ruling for life, excluding potential future leaders or factional rivals

Asharq Al-Awsat

Chinese Leader Xi Jinping’s Rise and Rule

Chinese President Xi Jinping, the son of a communist revolutionary leader, was a victim of the Cultural Revolution and a provincial chief who promoted economic growth before ascending to the very top a decade ago. On Sunday, China's 69-year-old leader secured a widely expected third term as general secretary of…

The Independent UK

Timeline: Chinese leader Xi Jinping's rise and rule

Chinese President Xi Jinping, the son of a communist revolutionary, was a victim of the Cultural Revolution and a provincial chief who promoted economic growth before ascending to the very top a decade ago

The News Lens

The Problem With Digital Nomad Visas

As the digital nomad wave crests, governments in Southeast Asia should consider the implications that their schemes bring beyond economic growth.

Reuters

Australia floods to dent Dec-qtr GDP, spur inflation - Treasurer

Widespread floods that have inundated large parts of Australia's southeast will dent the country's economic growth and increase inflation, Treasurer Jim Chalmers said on Friday, ahead of next week's federal budget.

Insider UK

Next Prime Minister 'must deliver stability for business' - leaders react after Liz Truss resigns

'We need business and government pulling in the same direction if we are to create economic growth'

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