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The Latest Breaking News from Economic Growth

China aims for 'economic stability' in 2023 with 5% GDP growth target

With China's National People's Congress underway, the government has set out what many are calling an achievable target for economic growth in 2023. The 5 percent objective is the lowest in over three decades and comes as Beijing has lifted most of the restrictions set up during the Covid-19 pandemic.…

France 24

Shadow chancellor says Tories ‘squandering’ economic potential as cost-of-living crisis ‘number one concern’

Rachel Reeves said the UK is the ‘only G7 economy that’s still smaller than it was before the pandemic’

The Independent UK

Shadow chancellor accuses Tories of ‘squandering’ UK’s economic potential

Rachel Reeves said the UK is the ‘only G7 economy that’s still smaller than it was before the pandemic’.

The Independent UK

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China sets economic growth target of 5% as parliament opens

China’s parliament set to hand Xi Jinping third term as president and implement biggest government shake-up in a decade.

Al Jazeera

China sets this year's economic growth target at 'around 5%'

China’s government has set this year’s economic growth target at “around 5%” as it tries to rebuild business activity following the end of anti-virus controls that kept millions of people at home

The Independent UK

Chinese economy in spotlight as Beijing prepares for National People's Congress

The Chinese Communist Party is expected to unveil its lowest economic growth target in decades amid an ongoing slump in the country's real estate market. Also on the show: Mexico plans food tariff cuts to confront high inflation, and Franco-Angolan business ties take centre stage as President Emmanuel Macron visits…

France 24

Economic growth is fuelling climate change – a new book proposes 'degrowth communism' as the solution

I’m often told that degrowth, the planned downscaling of production and consumption to reduce the pressure on Earth’s ecosystems, is a tough sell. But a 36-year-old associate professor at Tokyo University has made a name for himself arguing that “degrowth communism” could halt the escalating climate emergency.

The Conversation

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SC targeting B150bn in revenue by 2027

SET-listed developer SC Asset Corporation Plc has confidence in economic growth over the next four years as it aims for a combined revenue of 150 billion baht between 2023 and 2027.

Bangkok Post

Moody’s Upgrades Saudi Economy Growth Forecast

Global credit rating agency Moody’s has raised the Kingdom’s growth forecast to 2.5 percent for the current year from its last estimation of 1.7 percent, backed by moderate levels of debt and large financial reserves, in addition to its huge oil reserves. For next year, it has elevated the expansion…

Asharq Al-Awsat

Economists back tourists and international students to keep Australia out of recession

Sharp interest rate hikes are putting families under pressure, slowing economic growth, but a tourism rebound is providing recession optimism.

The New Daily

'Recession risks are rising' but the latest GDP numbers are expected to show 'solid' growth

The latest economic growth figures are expected to show a robust economy. But the outlook for 2023 is far less rosy, warn many analysts.

ABC News

CEA Anantha Nageswaran says 7% growth forecast for current fiscal 'very realistic'

NEW DELHI: Chief economic advisor (CEA) V Anantha Nageswaran on Tuesday said high frequency data indicate buoyant economic growth momentum and the 7 per cent GDP growth estimate for the current fiscal is very realistic.

The Times of India

Australia's economy grows 0.5 per cent in Dec quarter

Australian Bureau of Statistics figures show the domestic economy expanded by 0.5 per cent in the fourth quarter, which was softer than expected.

AAP

‘Million-dollar question’: All eyes on consumer wallets as experts predict robust growth figures

Fears of a recession in early-2023 are set to be eased on Wednesday as experts prepare for robust economic growth.

The New Daily

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The Guardian - UK

Panic-bought veg is destined for the bin

Letters: Food shortage reports | Partygate legal fees | The downside of economic growth | Consultants v rhinos | Reaching middle age

The Independent UK

Watch as Keir Starmer reveals plan to grow Britain’s economy ahead of Sunak’s Brexit talks

Watch as Keir Starmer delivers a speech in London on the UK's economic growth.

Asharq Al-Awsat

UAE, Egypt, Jordan, Bahrain Sign $2 Bn Industrial Agreements

Egypt, the UAE, Jordan, and Bahrain signed 12 agreements and partnerships in nine integrated industrial projects with an investment value of more than $2 billion at the third Higher Committee meeting of the Industrial Partnership for Sustainable Economic Growth in Amman, Jordan. The projects are expected to boost the national…

The Independent UK

UK on course to be ‘poorer than Poland’ by 2030, claims Labour

Keir Starmer says his vision is the ‘only show in town’ that can boost economic growth

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Newcastle Herald

An invitation to help transform the Hunter

The Hunter is undergoing an unprecedented transformation. Along with significant challenges, there are enormous opportunities for social and economic growth.

The Independent UK

Malaysia helps poor, raises taxes for rich in 2023 budget

Malaysia will raise development spending and plans new taxes for the wealthy in a smaller budget plan this year, as the new government seeks to balance between spurring economic growth and reining in the budget deficit

Bangkok Post

US growth figure revised downward

WASHINGTON: US economic growth in the fourth quarter of 2022 was weaker than previously estimated, reflecting a downward revision of consumer spending as the Federal Reserve’s preferred inflation figures were revised higher.

The Times of India

Measures announced in Union Budget to promote jobs, spur economic growth: Report

NEW DELHI: The measures like increased capex, boosting the green economy and initiatives for strengthening financial markets announced in the Budget 2023-24 are expected to promote job creation and spur economic growth, the finance ministry said on Thursday.

Daily Record

Keir Starmer promises economic growth for all parts of the UK under a Labour government

The Labour leader said that he is "not interested in a model of growth where London races ahead and the rest of our country stagnates."

The Independent UK

Sir Keir Starmer admits achieving economic growth pledge will be ‘tough’

The Labour leader has unveiled five ‘missions’ outlining his plans for government if the party wins the next election.

The Guardian - UK

Hopes rise that UK might avoid recession after services sector rebound

Pound edges up as stronger economic growth increases chances of further interest rate rises

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