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The Latest Breaking News from Economic Growth

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.

Newcastle Herald

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

The Independent UK

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.

Bangkok Post

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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.

The Times of India

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."

Daily Record

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 Independent 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

The Guardian - UK

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NESDC prunes 2023 growth view to 2.7-3.7%

The government's planning unit has downgraded its economic growth forecast to 2.7-3.7% for this year from 3-4% estimated in November last year, largely attributed to the global slowdown and declining exports.

Bangkok Post

1 ETF to Continue to Avoid or Sell Short Until Further Notice

Cathie Wood’s actively managed ETF ARK Innovation (ARKK) has lost more than 40% over the past year, as its tech stock holdings have been hit hard amid broad market sell-offs triggered by rising interest rates and slowing economic growth. The fund is expected to continue its downtrend since the Fed…

StockNews.com

Q4 GDP growth slows, 2023 outlook trimmed

Thailand's economic growth slowed more than expected in the fourth quarter of 2022, as exports and manufacturing declined, but a rebound in the vital tourism sector should continue to boost the recovery this year amid weaker global demand.

Bangkok Post

Economic growth slowed in Q4: economists

BENGALURU: Thailand's economic growth probably slowed in the fourth quarter as reduced exports and factory activity, together with tightening monetary conditions, curbed private consumption, a Reuters poll of economists found.

Bangkok Post

The RBA’s predictions are so dire it’s no wonder people are less confident than they were when the pandemic hit

To survive the next two years of economic growth as predicted without tipping into a recession would be astonishing

The Guardian - AU

Chinese provinces spent at least $51.6 billion on COVID curbs in 2022

Chinese provinces spent at least 352 billion yuan ($51.6 billion) on COVID-19 containment in 2022, according to annual budget reports from local governments, adding strains to provincial finances in a year when economic growth slowed.

Reuters

How better access to vision correction can improve the global economic outlook

New evidence suggests poor access to eye care is holding back economic growth in low-income countries.

Fortune

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StockNews.com

2 Wholesale Stocks You Shouldn't Hesitate to Buy in 2023

The wholesale industry is poised to grow significantly this year owing to growth in e-commerce, easing supply chain disruptions, and improved economic growth outlook. Hence, it could be wise to add fundamentally stable wholesale stocks Kroger (KR) and BJ's Wholesale Club (BJ) to your portfolio this year. Keep reading….

The Conversation

Zimbabwe’s budget plans open door for growth. But only if high interest rates don't derail them

When Zimbabwe’s finance minister Mthuli Ncube presented the national budget for 2023 to Parliament in November 2022, he placed high emphasis on a raft of initiatives designed to spur strong economic growth and unleash economic transformation. These included financing of infrastructure projects, education, health, value chains and other public investments.

Insider UK

Plan to promote jobs and economic growth in North of Scotland

Focus North event looked at sectors from space to offshore wind and tourism

The Guardian - UK

EU tipped to avoid recession after gas crisis eases

Economic growth forecast to be 0.8% in 2023 but households still face cost of living pressures

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The News Lens

Taiwan Makes History With Universal Cash Payment Plan

Taiwan is giving citizens and permanent residents a one-off cash payment of NT$6,000, a step towards ensuring that the benefits of economic growth are shared by all.

France 24

South Africa's electricity crunch declared 'state of disaster'

South African President Cyril Ramaphosa has declared a national "state of disaster" over the country's rolling power shortages. Energy provider Eskom says its ageing coal-fired power plants cannot keep up with demand and it's been imposing scheduled cuts. The blackouts are weighing on business activity and South Africa's economic growth.…

The Conversation

Kenya's president wants taxes to replace foreign debt – seven ways to get there

In the run-up to Kenya’s 2022 polls, economic issues, particularly public debt and joblessness, took centre stage. The Kenya Kwanza team led by William Ruto suggested that Kenya had over-borrowed, a habit they pledged to stop. Ruto’s rivals defended the debt, insisting investment in infrastructure would spur economic growth.

Reuters

Earthquakes to disrupt Turkey's growth, stretch budget as Erdogan heads to elections

Massive earthquakes in Turkey will add billions of dollars of spending to Ankara's budget and cut economic growth by up two percentage points this year, officials and economists said, as the government faces huge rebuilding ahead of tight elections.

Caixin Global

Editorial: Boosting China’s Growth Requires Addressing Fundamental Problems

Enhancing confidence and improving expectations depend on deepening reform

Bangkok Post

Indonesian economic growth rises to 9-year high

Indonesia's economic growth accelerated to a nine-year high in 2022 despite global uncertainty and a final-quarter slowdown, official data showed Monday, owing to soaring commodity prices and easing Covid-19 curbs.

Belfast Live

Co Armagh man on how apprenticeships can open doors and unlock economic growth

"There are so many different kinds of apprenticeships out there in lots of subjects and the one that suits you will come along."

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