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The Latest Breaking News from Economic Growth

Bank of England Warns of Potential Market Correction Amidst Economic Uncertainties

The House of Lords Economic Affairs Committee released a report that critiques the Bank of England's scope of operation amidst the current cost of living crisis.

International Business Times UK

Central Banks Risk Tipping UK and Other Developed Countries Into Recession

The report highlights the risk of a vicious cycle, where low interest rates fail to stimulate meaningful economic growth and cause a recession.

International Business Times UK

Blow for Rishi Sunak as UK to have second-slowest growth in G7

The OECD slashes its economic growth forecast for UK, while increasing expected inflation rate

The Independent UK

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Air connectivity being planned for Thanjavur

TN govt working to get passenger air connectivity for Thanjavur. Industries Minister T.R.B. Rajaa met Defence Secretary & Civil Aviation Sec. to expedite work. AAI has 26.5 acres of land & proposed to develop airport as civil enclave. TN govt helping to construct 4-lane approach road. Project to boost economic…

The Hindu

Economic Productivity Through the Lens of Global Tax Policy

In the realm of global economics, the interplay between taxation and productivity forms a complex tapestry, with each country weaving its unique pattern.

inkl

Autumn Statement: Jeremy Hunt to 'give back' some of the extra billions he's getting from taxes, says top Tory

The Chancellor will also promise dozens of measures to boost economic growth

Evening Standard

Sunak promises to cut taxes ‘carefully and sustainably’

Ahead of the autumn statement, Prime Minister Rishi Sunak set out five ‘long-term decisions’ to boost economic growth.

The Independent UK

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The Recent Uptick In Global Trade Won’t Last: The Kiplinger Letter

Global trade continues to fall as economic growth around the world cools.

Kiplinger

Tax cuts rumoured but the UK's autumn statement will offer little economic comfort

The UK chancellor’s autumn statement is likely to be relatively uneventful – yet extremely significant. Although some headline-seeking tax cuts are rumoured, sluggish economic growth and persistent inflation leave little scope for major policy announcements.

The Conversation

Weekly Must-Read: Chinese Consumers Deluged With Cheap Loans

Banks are undercutting each other amid the government’s calls to support consumption and economic growth

Caixin Global

China's economy shows sparks of life, despite persisting weakness in troubled real estate sector

China has reported its economic growth showed more signs of rekindling in October as retail sales and factory output picked up even though the property sector remained sluggish

The Independent UK

Overcoming the climate crisis with trade-based strategies

Global warming is making weather patterns more extreme and increasing inequalities across regions. However, economic growth is still possible, with economies showing a range of responses to the impacts of global heating.

The Conversation

Law and order and the economy are focus of the British government's King's Speech

Britain’s Conservative government is setting out a pre-election policy slate including tougher sentences for criminals and measures to tame inflation and boost economic growth

The Independent UK

Cathie Wood Warns Of Inverted Yield Curve, Signals Slower Economic Growth

Ark Investment Management's Cathie Wood discusses bond yields and deflationary signals

Zenger

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The Conversation

The 'drums of war' are receding, but Anthony Albanese still faces many uncertainties on his trip to China

Fifty years ago this week, Prime Minister Gough Whitlam visited the People’s Republic of China, establishing a relationship that has become mutually beneficial in terms of economic growth and development to both China and Australia.

Barchart

Will Fed Chair Powell Signal Higher for Longer Interest Rates?

The Federal Open Market Committee (FOMC) later today is widely expected to hold interest rates steady for a second meeting while also leaving the possibility of a 25 bp rate hike at the December meeting if U.S. economic growth remains buoyant. The FOMC’s rate decision and post-meeting press conference by...

The Independent UK

Powell likely to underscore inflation concerns even as Fed leaves key rate unchanged

For the first time in nearly two years, the Federal Reserve is set Wednesday to keep its key short-term interest rate unchanged for a second straight policy meeting — the clearest sign to date that the Fed is edging closer to the end of its rate-hiking campaign

The Independent UK

US consumers keep spending briskly even in the face of persistent inflation and high interest rates

An inflation gauge that is closely monitored by the Federal Reserve showed price increases remained elevated in September amid brisk consumer spending and strong economic growth

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Fortune

Joe Biden is taking a victory lap after the latest blowout GDP report and says the much-feared recession is canceled, but Wall Street is dubious

The Biden administration celebrated the surge in U.S. GDP growth Thursday, but economists and analysts warn it could be the last hurrah for an ailing economy.

Fortune

Here’s the climate movement’s biggest mistake since the 1970s, according to the climate scientist who won the Nobel Prize alongside Al Gore

“One of our signal failures, decades ago, was to accept the false choice pitting climate change mitigation against economic growth.”

WEKU

UK Board of Trustees pushing school to prepare the state’s workforce

The Board discussed recent statewide economic growth and marketing opportunities during their annual retreat

Evening Standard

The key to £98bn of economic growth could be right in front of us

City Voices: There’s a huge opportunity being missed

The Conversation

How the Israel-Hamas war could affect the world economy and worsen global trade tensions

Global geopolitical tensions often play a pivotal role in shaping people’s perceptions of economic growth. Research shows concern about such issues can cause people and businesses to become more cautious about spending and investing, which can ultimately lead to economic recession.

The Independent UK

Broad rise in wealth has boosted most US households since 2020 and helped sustain economic growth

The net worth of the typical U.S. household grew at the fastest pace in more than three decades from 2019 through 2022, while low interest rates made it easier for households to pay their debts

The Independent UK

China's economic growth slows to 4.9% in third quarter, amid muted demand and deflationary pressures

China’s economy slowed in the third quarter, amid muted global demand, deflationary pressures and an ailing property sector

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