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The Latest Breaking News from Economic Growth

IMF: Private Sector Investments Will Drive Saudi Economic Growth

Saudi Arabia’s budget will achieve more financial revenues following a production cut announced by the Kingdom with OPEC and its allies, according to the International Monetary Fund (IMF), thanks to higher crude prices. “The impact on the budget and on the external position relative to what we had projected is…

Asharq Al-Awsat

FTSE 100 racks up eighth day of gains despite rising insolvencies and unemployment – as it happened

More firms are at risk of tipping from ‘danger’ to ‘distress’, experts warn, as businesses are hit by soaring costs and weak economy

The Guardian - UK

Stock market today: Asia mixed despite China growth data

Asian shares are trading mixed Tuesday as pessimism about global uncertainties remained even as China reported a better-than-expected economic growth data

The Independent UK

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Did the Reserve Bank's interest rate hikes put Australia's economy on a 'knife-edge'? A major consulting firm thinks so

A major consulting firm forecasts a "consumer recession" in 2023, warning hundreds of thousands of Australian households are bleeding cash every month.

ABC News

Asian shares mixed over economic growth, rate worries

Asian markets are trading mixed as worries continue about economic growth, even as some hopes were perked by a recent rise in U.S. bank issues

The Independent UK

Opinion: Sustainable Framework Needed for China’s Property Market

The country’s real estate industry has been a crucial driver of economic growth in the past two decades. Here’re some proposals to ensure its stability

Caixin Global

IMF warns Australian housing market at high risk of mortgage defaults ahead of global economic downturn

The International Monetary Fund says Australia has one of the greatest risks of mortgage defaults in the world, as it warns of a significant downturn in global economic growth for the year ahead.

ABC News

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Alibaba unveils chatbot as China tightens rules on AI

Alibaba is the latest tech company to enter the artificial intelligence race, as it unveils its own chatbot, Tongyi Qianwen. But it could face restrictions before even launching, as authorities in Beijing have outlined draft regulations to govern AI, including the stipulation that such platforms will reflect the core values…

France 24

'The situation is quite fragile': The IMF just issued its weakest outlook for the world economy in 3 decades

The IMF is worried about a “hard landing,” with sticky inflation meaning the odds of a recession have “risen sharply.”

Fortune

IMF: Prolonged high inflation dims outlook for world economy

The outlook for the world economy this year has dimmed in the face of chronically high inflation, rising interest rates and uncertainties resulting from the collapse of two big American banks

The Independent UK

Australia’s richest captured 93% of economic growth between 2009 financial crisis and Covid, paper shows

Wealthiest 10% captured growth in company profits while most Australians watched their real wages shrink, Australia Institute finds

The Guardian - AU

PM urged to ‘reset tone’ of voice debate – as it happened

This blog is now closed.

The Guardian - AU

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

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The Conversation

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.

Bangkok Post

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).

France 24

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…

Asharq Al-Awsat

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…

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Bangkok Post

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.

The Independent UK

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 Guardian - 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

Reuters

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.

The Independent UK

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.

Bangkok Post

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.

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