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The Latest Breaking News from Economic Growth

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

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

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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

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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

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.

Fortune

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.

Reuters

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.

WEKU

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

Organisation urges candidates to answer key questions from its members

Insider UK

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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.

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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.

The Conversation

Three ways the 'back to work' budget will affect your finances

In the 2023 spring budget, UK chancellor Jeremy Hunt unveiled a raft of measures designed to boost economic growth and productivity. To achieve this he has overhauled both pensions and childcare support, which will have implications for current and future personal finances.

Bangkok Post

China picked to catapult Thai economy

China's economic growth and the preference among Chinese for Thai properties should make it a key driver for the Thai economy and property market, according to economic and property analysts.

Manchester Evening News

Will extra childcare help you work more?

The chancellor has revealed plans to attempt to boost economic growth

Asharq Al-Awsat

Egypt Lowers Its Economic Growth Forecast to 4.2% In 2022/23

Egypt’s economy is expected to grow 4.2 percent in the current fiscal year ending in June, the cabinet said on Tuesday, much less than previously forecast. Gross domestic product grew by 3.9 percent in October-December, the second quarter of the fiscal year, while the unemployment rate fell to 7.2 percent,…

Fortune

The booming American Sunbelt may be a victim of its own success as soaring traffic congestion jeopardizes economic growth

Miami, Las Vegas, and Nashville are growing rapidly, contributing to traffic gridlock.

The Independent UK

Starmer: Labour’s plan for economic growth will be transformational for Scotland

The party leader was speaking during a visit to Glasgow on Friday.

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