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The Latest Breaking News from Economic Growth

UN report warns of lower economic growth for Latin America in 2022

Santiago (AFP) - Economic growth in Latin America and the Caribbean will be lower than expected at 1.8 percent this year due to the war in Ukraine, a UN body said Wednesday.

AFP

Ukraine War to Curb Central Asian Economy, Oil Cushions Middle East, Says IMF

The war in Ukraine will sharply reduce economic growth in the Central Asian region in 2022, although higher oil prices will lessen the impact for the Middle East and North Africa, the International Monetary Fund said on Wednesday. Both regions will still feel the effect of surging commodity prices, and…

Asharq Al-Awsat

Is NZ's economic growth uneconomic?

GDP is a seriously flawed indicator of human wellbeing. We have been conditioned to mistake dollar value for things that really matter, argues Jack Santa Barbara

Newsroom.co.nz

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Wall Street Banks Slash Chinese Companies' Profit Forecasts - Read Why

Some Wall Street banks slashed their profit estimates for Chinese companies, citing the recent Covid resurgence and subsequent lockdowns, Bloomberg reports. China's Covid Zero policy has dealt a heavy blow to the economy, as stringent restrictions pressure supply chains and chill consumption. A week-long lockdown that shut down much of Shanghai…

Benzinga

Oil Prices Steady as Russia Supply Fears Meet Asian Demand Concerns

Oil was broadly steady on Wednesday after Russia cut gas supplies to Bulgaria and Poland, although lingering concerns about Asian coronavirus lockdowns weighing on economic growth and oil demand kept a lid on prices. Having dipped into negative territory, Brent crude futures rose 26 cents, or 0.3%, to $105.25 a…

Asharq Al-Awsat

Finance Ministry cuts 2022 GDP outlook over Ukraine war

The Finance Ministry on Wednesday reduced its 2022 economic growth forecast to 3.5% from a previous forecast of 4.0%, due to the impact of the Russia-Ukraine war on global growth and inflation, a ministry official said.

Bangkok Post

Low-Income Consumers Growing Increasingly Optimistic, But Sentiment Among The Wealthy Tumbles

U.S. economic growth is strong, and the economy and labor market are finally back to firing on all cylinders following the COVID-19 pandemic.

Benzinga

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Biggest energy shock since 1970s: World Bank

Energy prices have surged since the Russian invasion of Ukraine and, along with other commodities, are likely to remain at "historically high" levels through 2024, endangering economic growth, the World Bank warned Tuesday.

Bangkok Post

Global growth engines sputtering

The International Monetary Fund's revised World Economic Outlook (WEO) is sobering. It is rare for the organisation to revise down sharply its projections for economic growth just one quarter into the calendar year. Yet in this case, it has done so for 86% of its 190 member countries, resulting in…

Bangkok Post

The goal of an energy-secure South Asia

While universal coverage can catalyse the region’s economic growth, energy trade must be linked to peace building

The Hindu

Oil Slides to Near 2-week Lows as Shanghai Lockdowns Stoke Demand Worries

Oil prices slumped to near two-week lows on Monday, extending losses from last week, as concerns grew that prolonged COVID-19 lockdowns in Shanghai and potential US rate hikes would hurt global economic growth and fuel demand. Brent crude futures were down $3.15, or 3.0%, at $103.50 a barrel by 0326…

Asharq Al-Awsat

The key to winning the climate debate isn’t economics: it’s health

The environment ranks low in polls of the public’s fears, while sickness ranks top. Yet we will all get more ill as the planet heats

The Guardian - UK

Eurozone growth speeds up in April despite Ukraine war

Brussels (AFP) - Economic growth in the eurozone accelerated and hit a seven-month high in April, a key survey showed on Friday, despite concerns about inflation and Russia's war in Ukraine.

AFP

Is Coterra Energy a Good Oil & Gas Stock to Invest In?

Rallying oil and gas prices amid a tight supply outlook has helped Coterra Energy (CTRA) register solid gains. However, considering the International Monetary Fund's (IMF) bearish global economic growth outlook, is CTRA well-poised to maintain its gains? Keep reading to learn our view.

StockNews.com

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Newslaundry

Bharatiya Janata Party’s GDP Jumla

The latest set of gross domestic product (GDP) numbers were released yesterday.

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