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The Latest Breaking News from Economic Growth

NZ Budget 2026 at a glance: follow the money here

Finance Minister Nicola Willis delivered a disciplined budget today, asking New Zealanders to accept continued restraint in return for promises of longer-term economic growth – and an earlier-than-expected return to surplus.

The Conversation

Aiming at China, Quad announces massive USD 20 bn critical minerals framework

The Quad nations have launched a critical minerals cooperation framework. This initiative pledges up to USD 20 billion in capital to strengthen supply chains. The grouping expressed concerns over economic coercion. This move aims to ensure diversified and reliable access to vital minerals for advanced technologies and economic growth.

The Economic Times

Sri Lanka jolts markets with outsized 100-bp rate hike to counter Gulf crisis

Sri Lanka's central bank enacted a significant 100 basis point policy rate hike, its largest in four years, to combat rising inflation and a weakening rupee. This move comes as the nation grapples with soaring energy prices driven by the Middle East conflict, impacting economic growth and foreign reserves.

The Economic Times

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Govt urged to speed up labour deals

Labour Minister Julapun Amornvivat has pledged to accelerate the renewal and expansion of labour agreements with four neighbouring countries after business groups warned that worsening labour shortages could affect economic growth and key industries.

Bangkok Post

Priority sector lending boosts inclusion, not always guarantee growth: EAC-PM

India's priority sector lending has aided financial inclusion for decades. However, a recent report suggests that simply increasing directed credit might not lead to higher economic growth. The analysis indicates that while these policies have helped reduce poverty, forcing credit into poorer districts may be inefficient. Priority Sector Lending Certificates…

The Economic Times

Exports in high growth trajectory during May: Piyush Goyal

India's exports are growing strongly in May, continuing April's pace. Foreign direct investment has reached an all-time high. The nation is seen as a preferred investment destination. The government is supporting farmers and introducing economic growth initiatives. A significant achievement is the upcoming semiconductor plant in Gujarat.

The Economic Times

Quote of the day by Jensen Huang: 'It's very clear that AI is going to impact every industry. I think that every nation needs to...' - lessons on artificial intelligence, technology, global economy and how AI will transform every country by Nvidia CEO and GPU inventor

Quote of the day by Jensen Huang: Jensen Huang stresses AI's transformative power, urging nations to prioritize it in their strategies. He likens AI's impact to electricity and the internet, affecting every industry from healthcare to finance. Countries investing in AI research and infrastructure will likely lead global innovation and…

The Economic Times

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From Fiji to French Polynesia, how Pacific islands are uniquely vulnerable to the oil crisis

The reliance of island countries and territories on imported oil is expected to hit economic growth and increase inflation

The Guardian - AU

Make economic growth the number one priority, business group urges Swinney

CBI Scotland said Scotland is in a ‘race against time’ to deliver growth amid mounting pressures on the public purse.

Evening Standard

Congress says India needs ‘radical reset’ in economic policy, targets Narendra Modi govt

Indian National Congress has criticized the handling of India’s economy, accusing Prime Minister Narendra Modi of prioritizing elections over pressing economic challenges. The party claimed that rising inflation, slowing economic growth, and declining foreign investment are increasing concerns across sectors. Congress leaders also alleged that a climate of fear and…

The Economic Times

No country has ever developed without urbanising, World Bank economist tells Euronews at Baku forum

Urbanisation drives economic growth and job creation, a World Bank senior expert told Euronews at the World Urban Forum in Baku, but warned that Africa faces a financing gap that no single institution can fill alone.

Euronews

The UN has bad news for global growth as Middle East crisis continues

As the Middle East conflict drives up energy costs and clouds outlooks, the UN warns the world economy faces one of its weakest years since the 2008 financial crisis — with Europe among the hardest hit.

Euronews

UN cuts India's 2026 GDP forecast to 6.4 pc, still among fastest-growing economies

The United Nations has lowered India's economic growth forecast for 2026 to 6.4 percent. This adjustment reflects global uncertainties and economic shocks from the West Asia crisis. Despite this, India remains one of the world's fastest-growing major economies. The UN notes that India is not immune to these global challenges.

The Economic Times

TAS:Tasmania economically growing - but so is its debt

Tasmania Premier Jeremy Rockliff says Treasury has tipped his state's economic growth to motor ahead in future years.

AAP

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AAP

Tasmania economically growing - but so is its debt

Tasmania Premier Jeremy Rockliff says Treasury has tipped his state's economic growth to motor ahead in future years.

AAP

US:UN lowers forecast for global economic growth in 2026

The UN has cut its forecast for global economic growth, saying the Middle East crisis has reignited inflationary pressures and ‌heightened uncertainty.

AAP

UN lowers forecast for global economic growth in 2026

The UN has cut its forecast for global economic growth, saying the Middle East crisis has reignited inflationary pressures and ‌heightened uncertainty.

The Independent UK

UN lowers forecast for global economic growth in 2026 over Mideast energy crisis

The United Nations has lowered its forecast for global economic growth and raised the prospects for inflation in response to Middle East crises and rising oil prices

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The Economic Times

The hidden 401(k) transformation Wall Street wants could fuel economic growth — but experts warn Americans may face greater retirement dangers

Trump 401(k) private market investments are becoming one of the biggest retirement and economic debates in the United States. The White House says opening America’s $30 trillion 401(k) system to private equity could add nearly $35 billion to US GDP. That number is now driving fresh discussions across Wall Street,…

The Economic Times

India remains on a credible growth path despite fragmented global landscape: N Chandrasekaran

India shows strong economic growth amidst global uncertainty. This is fueled by its young population, digital advancements, and government support. Tata Consumer Products sees this as a robust market. The company is adapting to consumer trends like premiumization and health. It is expanding its portfolio and capabilities for future growth.…

The Economic Times

Bond yield spike puts equities market at risk

Investors warn that US stock markets are not reflecting inflation risks. High energy prices and the Iran conflict are overlooked. A recent spike in bond yields is causing caution. Experts note a market paradox with strong earnings but negative inflation signals. Clients are seeking clarity on this divided outlook. This…

MyLifeXP

Why PM Modi Wants India to Host the Olympics

India is no longer dreaming small. During his visit to the Netherlands, Prime Minister Narendra Modi revealed four ambitions that could completely reshape India’s future. From hosting the Olympics to building semiconductor chips inside the country, the message was clear India wants to become a global powerhouse. But what surprised…

The Times of India

Carla Nelson ends legislative career after years of service in Minnesota Senate

Minnesota State Senator Carla Nelson announced her retirement after serving Olmsted and Dodge counties since 2010. A former teacher, Nelson championed initiatives like the Destination Medical Center and secured significant funding for K-12 education. Her legislative career, marked by achievements in education, healthcare, and economic growth, concludes with her term's…

The Guardian - UK

Wealth of Britain’s 157 billionaires now equal to 22% of country’s GDP

This ‘ghost GDP’ shows how headline economic growth is increasingly disconnected from reality for most, says report

The Economic Times

What makes the Rs 90,000-crore Great Nicobar Island project critical for India both militarily and economically

India is undertaking a massive Rs 90,000 crore project in Great Nicobar. This initiative will develop a major transshipment port and international airport. It aims to strengthen India's maritime presence and trade infrastructure. The project is strategically located near the Malacca Strait, a vital global trade route. Defence veterans support…

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