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The Latest Breaking News from Economic Growth

Spotify Cuts Around 1,500 Jobs As Growth Slows

Music streaming giant Spotify said Monday it would reduce its number of employees by around 17 percent in a bid to cut costs amid "dramatically" slower economic growth.

International Business Times

How long at work?

Employees in India are expected to work long hours, but is this the best way to fuel economic growth? Examining the philosophy behind this idea, it is clear that India's development journey has skipped a step, limiting job opportunities and holding the country back from becoming developed. The solution proposed…

The Hindu

Are young people poised to slam the brake on endless economic growth?

The climate and cost of living crises make belief in expanding GDPs look as stale as last year’s mince pies. But when central governments rely on consumerism to shore up spending, it will be hard for ‘degrowth’ to gain any traction

The Guardian - UK

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Inflation, Unemployment Weigh On DR Congo Leader's Economic Gains

President Felix Tshisekedi, who once vowed to transform DR Congo into "the Germany of Africa", has promised to create jobs if he is re-elected, after a first term marked by economic growth but soaring inflation.

International Business Times

Federal Reserve's preferred inflation gauge shows price pressures continuing to cool

The Federal Reserve’s preferred inflation measure cooled last month, the latest sign that price pressures are waning in the face of high interest rates and moderating economic growth

The Independent UK

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

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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

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

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

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The Times of India

India: A powerhouse on two fronts - cricket and economy

In the heart of the subcontinent lies a nation that has seamlessly woven its destiny on the fields of cricket and the battlegrounds of economic growth. India, with its billion-plus population, stands tall as the future of both cricket and economic prosperity, drawing uncanny parallels between the two domains.

Caixin Global

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

The Independent UK

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 Conversation

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.

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The Independent UK

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

Zenger

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

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

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

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.

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