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The Latest Breaking News from Economic Growth

Calls for Credit References Collaboration to Prevent Financial Fraud in the Middle East

Credit reference agencies and financial institutions should cooperate to prevent financial fraud in the Middle East, especially the Gulf countries, which have become one of the world's important financial and economic centers, according to a financial expert. Comprehensive framework Director of Financial Crime Compliance and Payments, LexisNexis Risk Solutions, Jonny…

Asharq Al-Awsat

Egypt Expands the Beneficiaries of Initiative to Support Productive Sectors

Egyptian Finance Minister Mohamed Maait said there was no alternative to enhancing the contributions of industrial and agricultural production to the structure of economic growth. Maait announced the government’s plans to expand the base of beneficiaries of the initiative to support the productive sectors, industry, and agriculture by setting a…

Asharq Al-Awsat

Mental health plays a big role in advancing the economy - we need a measure beyond GDP

Indonesia is performing comparatively well in its economic growth amid the current global economic slowdown.

The Conversation

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OECD predicts SE Asian growth to decline

Economic growth in Southeast Asia is forecast to drop from 5.6% in 2022 to 4.6% this year, pressured by weaker demand as the global economy slows, says the Organisation for Economic Co-operation and Development (OECD).

Bangkok Post

IMF predicts five-year economic dip, with low-income countries hardest hit

We look at why the IMF's predicted economic growth of just 3 percent, the lowest forecast since 1990, could hurt developing nations most. We also take a closer look at Airbus's deal in China, as French President Emmanuel Macron meets his Chinese counterpart Xi Jinping. Finally, we find out why…

France 24

IMF Sees Global Growth Below 3% in 2023

The International Monetary Fund expects global economic growth to dip below 3% in 2023 and to remain around 3% for the next five years, IMF Managing Director Kristalina Georgieva said in prepared remarks on Thursday. That is the global lender's lowest medium-term growth forecast since 1990, and well below the…

Asharq Al-Awsat

ADB gauges 2023 growth rate at 3.3%

Thailand's economic growth is projected at 3.3% this year and 3.7% in 2024 as a recovery in tourism and private consumption help offset a slowdown in exports, according to the Asian Development Bank (ADB).

Bangkok Post

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Foreign cash streaming back into China

SHANGHAI: Foreign investors are steadily marching into China in the wake of Alibaba’s plans to restructure, with money managers reckoning it is the latest sign the national leadership is turning friendlier to business as economic growth gains traction.

Bangkok Post

ADB forecasts China, India to power strong growth in '23

The Asian Development Bank says China's recovery from the pandemic and strong demand in India will drive strong economic growth in Asia this year

The Independent UK

Economic growth is needed to reduce global poverty

Letter: Charles Kenny of the Center for Global Development responds to an article by the UN special rapporteur on extreme poverty and human rights

The Guardian - UK

Myanmar economy to remain "severely diminished" amid conflict -World Bank

Myanmar's economic growth remains "severely diminished" and GDP is expected to increase just 3% in the fiscal year to September, the World Bank said on Friday, as the country remains embroiled in conflict two years after the military seized power in a coup.

Reuters

Weak public investment an ‘institutional failure of the British state’ – report

A think tank has called for an end to political and fiscal incentives that harm public services and hinder economic growth.

The Independent UK

AIS plans long-term ecosystem economy

Advanced Info Service (AIS) has unveiled its long-term business direction, which it calls an ecosystem economy, aiming at strengthening its operations and economic growth through partnerships.

Bangkok Post

Why economic growth alone will not make British society fairer or more equal

In presenting his spring budget, the British chancellor, Jeremy Hunt, claimed his plans are all about growth. For the leader of the opposition, Keir Starmer, growth is his key “mission”.

The Conversation

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Fortune

Global economy is skidding towards a 'lost decade,' World Bank warns

The past 30 years of economic growth and development could be reversed this decade if governments don't act.

Fortune

The $1.5 trillion opportunity: Closing the credit gap for women entrepreneurs

Working to close this gender investment gap is not only the right thing to do, it’s the smart thing to do: it is economic growth left on the table.

Fortune

Bank failures have 'increased' threats to global financial stability, IMF says

Global economic growth was expected to slow this year, but this month's banking crises have raised the risk of even bigger problems.

Reuters

US Vice President Harris promises greater investment for Africa

U.S. Vice President Kamala Harris said on Sunday that the United States will increase investment in Africa and help spur economic growth as she began a week long tour of the continent aimed at offering a counter to the influence of rival China.

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WEKU

Vice President Harris is visiting Africa next week, part of a pushback to China

Vice President Harris will visit Ghana, Tanzania and Zambia to discuss issues like economic growth and food security. She's the highest-ranking administration official to travel to the continent.

Insider UK

Chambers of Commerce urges next First Minister to 'back Scottish businesses'

Organisation urges candidates to answer key questions from its members

The Independent UK

Next first minister must prioritise economic growth, says business leader

Dr Liz Cameron, of the Scottish Chamber of Commerce, said the country needed a credible plan to drive economic growth.

The Guardian - UK

Economic growth is not a magic wand for ending poverty

Misguided policies are hurting the poorest in society; our focus should be on reducing inequality not increasing GDP

The Texas Tribune

To tackle high housing costs, Texas lawmakers push to build more homes

Housing advocates, builders and real estate experts agree that the state simply isn’t building enough homes to keep up with its booming population and economic growth.

Bangkok Post

SCB ramps up growth outlook to 3.9%

SCB Economic Intelligence Center (EIC), the research arm of Siam Commercial Bank, has upgraded its Thai economic growth forecast for 2023 to 3.9% from 3.4% because local and global economic trends are better than expected.

Bangkok Post

OECD raises global growth forecast but recovery 'fragile'

PARIS: The OECD raised its global economic growth forecast on Friday as inflation eases and China emerges from Covid restrictions, but warned of vulnerabilities as seen in the US bank sector turmoil.

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