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The Latest Breaking News from Economic Growth

Stocks lower as World Bank slashes global growth forecast

London (AFP) - Major stock markets fell Tuesday as investors fretted over central bank moves to rein in inflation and the World Bank cut its global economic growth forecast following Russia's invasion of Ukraine.

AFP

Stocks tumble as World Bank slashes global growth forecast

London (AFP) - Major stock markets fell Tuesday as investors fret over central bank actions against inflation and the World Bank cut its global economic growth forecast following Russia's invasion of Ukraine.

AFP

Fuel consumption set to rise by 9.2%

Thai energy consumption is expected to rise by 9.2% this year, based on an economic growth estimate of 2.5-3.5%, driven by an uptick in economic activities as pandemic restrictions ease, says the Energy Policy and Planning Office (Eppo).

Bangkok Post

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South Africa's economy has taken some heavy body blows: can it recover?

Economists are growing increasingly concerned about South Africa’s economy. This is because the country’s three major macroeconomic problems – lacklustre economic growth, growing inflation and very high unemployment – have been exacerbated by a series of major disruptions.

The Conversation

Scottish GDP rises by 1% during first quarter

Economic growth driven by increased outputs in the construction and services sectors

Insider UK

National income is climbing, but the share going to wages is shrinking: 6 graphs that explain the economy

Australia’s economy edged closer back towards normal in the three months to March, growing by 0.8% in the quarter (which is towards the upper end of economic growth before COVID hit in early 2020) and 3.3% over the year to the March (which is somewhat higher than before the pandemic).

The Conversation

Australia’s economic growth slows in March quarter despite rise in household spending

GDP figures show annual rate of growth in the Australian economy declined from 4.2% in December quarter to 3.3% in first three months of 2022

The Guardian - AU

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GDP measures economic growth and recessions but what if we're counting the wrong things?

GDP figures tell us the value of most things produced in Australia in a three-month period. But what if we’re counting the wrong things?

ABC News

Have you got what it takes to chair the Leicester and Leicestershire Enterprise Partnership?

The LLEP needs a strategic thinker with energy and experience to drive strong economic growth

Birmingham Post

Editorial: Gaining the Upper Hand in a Changing Global Economy

Whether it’s about stabilizing macroeconomic fundamentals or dealing with future global competition, China should stick to ‘doing its own thing well’

Caixin Global

UAE, Egypt, Jordan Sign Industrial Partnership in 5 Sectors for Sustainable Economic Growth

The United Arab Emirates, Egypt and Jordan announced on Sunday an integrated Industrial Partnership for Sustainable Economic Growth in Abu Dhabi. The partnership agreement aims to unlock new industrial opportunities and enhance sustainable economic growth in the three countries, across five promising industrial sectors, namely food and agriculture, fertilizers, pharmaceuticals,…

Asharq Al-Awsat

PayPal Doesn't Make Wells Fargo Top Near-Term Fintech Picks

Some fintech companies can continue to thrive near-term, even as economic growth slows, Wells Fargo analysts say.

The Street

Ex-Malaysia PM: US-led trade group intended to isolate China

Former Malaysian Prime Minister Mahathir Mohamad has criticized a new U.S.-led economic grouping, saying it is intended to isolate China and won't benefit regional economic growth without Beijing

The Independent UK

War in Ukraine risks triggering global recession, World Bank warns

Skyrocketing energy and food prices driven by Russia's invasion of Ukraine risk sending the global economy into a recession, according to the president of the World Bank. We take a look at how economic growth has already slowed in Germany. Also, stock markets try to break out of bear market…

France 24

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Tribune News Service

Commentary: How the Fed has set our economy up for disaster

For over a year, the Federal Reserve ignored myriad warning signs and continued injecting money into the economy. The result was the appearance of robust economic growth and a surge in demand, especially in the labor market, which ushered in decades-high inflation. But as the Fed belatedly raises rates, the…

Asharq Al-Awsat

Saudi Arabia, WEF Sign Two MoUs for Boosting Cooperation

The Saudi delegation participating at the annual meeting of the World Economic Forum (WEF) in Davos 2022 met with the founder and CEO of the Forum Klaus Schwab and the President of WEF Borge Brende. During the meeting, opportunities to strengthen the partnership between the Kingdom and the Forum were…

Asharq Al-Awsat

Saudi Arabia, US Ink Deals to Establish Joint Centers in Emerging Technologies

The King Abdulaziz City for Science and Technology (KACST) signed several cooperation agreements with American research and academic bodies to establish centers of excellence in emerging technologies and implement strategic projects that enhance economic growth in the Kingdom and achieve its ambitious vision of transformation towards an innovation-based economy. The…

The Hindu

WEF forms Indian CEOs' alliance to supercharge race to net-zero

The Alliance will serve as a high-level platform to support business leaders in planning and implementing plans and programmes to achieve climate targets, including net-zero economic growth

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StockNews.com

3 Defensive ETFs to Buy After Goldman Sachs Lowers Their U.S. Economic Growth Forecast

Goldman Sachs economists slashed U.S. growth forecasts and warned of potential recession risks earlier this month, citing uncertainty surrounding the Federal Reserve’s tighter monetary policy to fight 40-year high inflation. In navigating growing economic risks, defensive ETFs like Fidelity MSCI Utilities (FUTY), GraniteShares Gold (BAR), and Consumer Staples Select (XLP)…

Asharq Al-Awsat

Asian Markets Mixed as Inflation Fears Weigh

Asian stocks were mixed Monday as inflation fears and concerns about low economic growth weighed on markets. Investors will be looking to the release on Wednesday of notes from the latest Federal Reserve committee meeting for clues on further rate hikes by the US central bank. Wall Street ended the…

AFP

Asian markets mixed as inflation fears weigh

Hong Kong (AFP) - Asian stocks were mixed Monday as inflation fears and concerns about low economic growth weighed on markets.

Bangkok Post

Have we hit the limits to growth?

Fifty years ago this spring, one of the most influential books of the twentieth century was published. Written for the Club of Rome by Donella Meadows and colleagues at MIT, The Limits to Growth used new computer models to forecast an uncontrollable collapse in the global population and economy if…

Axios

What stagflation means and what Biden could do about it

High inflation tends to break out when economic growth is really roaring.

Asharq Al-Awsat

Oil Prices Recoup Early Losses on China Hopes, Global Supply Fears

Oil prices rose on Thursday, recovering from early losses, on hopes that planned easing of restrictions in Shanghai could improve fuel demand while lingering concerns over tight global supplies outweighed fears of slower economic growth. Brent crude futures for July were up $1.53, or 1.4%, at $110.64 a barrel at…

Asharq Al-Awsat

UN Drops Forecast for Global Economic Growth in 2022 to 3.1%

The United Nations on Wednesday significantly lowered its forecast for global economic growth this year from 4% to 3.1%, saying the war in Ukraine has triggered increasing global food and commodity prices and exacerbated inflationary pressures, upending the fragile recovery from the COVID-19 pandemic. The mid-2022 forecast from the UN…

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