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The Latest Breaking News from Economic Growth

Give progress a chance: Embrace degrowth

Continuing to prioritise economic growth is not a recipe for being a good ancestor. Nor is it a recipe for human progress, writes Jack Santa Barbara.

Newsroom.co.nz

Hong Kong aims for mid-January reopening of border with mainland China

Hong Kong will reopen its borders with mainland China by mid-January, city Chief Executive John Lee said on Saturday, as Beijing accelerates the unwinding of stringent COVID-19 rules that have battered economic growth.

Reuters

Tunisia Seeks to Cut Fiscal Deficit to 5.5% in 2023, Led by Economic Reforms

Tunisia expects to reduce its fiscal deficit to 5.5% next year from a forecast 7.7% this year, driven by austerity measures that could pave the way for a final deal with the International Monetary Fund on a rescue package. The country has been in urgent need of international help for…

Asharq Al-Awsat

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It's time to quit capitalism's obsession with growth. Focus on 'degrowth' instead, argues a growing movement in economics

“It seems that humanity is thriving and committing suicide at the same time,” noted author Ugo Bardi.

Fortune

Saudi Crown Prince Launches National Intellectual Property Strategy

Prince Mohammed bin Salman, Crown Prince, Prime Minister and Chairman of the Council of Economic and Development Affairs, launched on Thursday the National Intellectual Property Strategy (NIPST). One of the enablers for achieving the objectives of Saudi Vision 2030, NIPST aims to build an intellectual property ecosystem that supports innovation…

Asharq Al-Awsat

Central bank upbeat on long-term growth

The Bank of Thailand expects the economy to continue to align with potential growth projections for the next two years, then strengthen in the longer term.

Bangkok Post

Tory reputation as party for economic growth nosedives amid wave of strikes

The Conservatives’ reputation as the best party for economic growth has nosedived as Britons face a wave of tax hikes and “Winter of Discontent” strikes, a new poll revealed on Monday.

Evening Standard

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Exports to grow amid global slump

Thailand's exports are expected to reach nine trillion baht by the end of the year, before increasing further to 9.25 trillion baht next year, amid predictions of higher-than-expected economic growth, according to the Commerce Ministry.

Bangkok Post

Wang Tao: Key Takeaways From China’s Central Economic Work Conference

Stabilizing growth is the top priority, with measures to boost the real estate sector and a supportive tone for non-SOEs, foreign investors and online platforms

Caixin Global

Global financial markets face more uncertainties in 2023

Financial markets worldwide face higher uncertainties next year because of the tight monetary policies of key central banks and decelerating global economic growth in 2023, says Bank of Thailand governor Sethaput Suthiwartnarueput.

Bangkok Post

Chamber estimates Thai growth to accelerate next year

The University of the Thai Chamber of Commerce (UTCC) forecasts Thai economic growth of 3.6% in 2023, up from an estimated 3.3% this year, driven largely by the tourism revival, growing exports and a recovery in private consumption.

Bangkok Post

Moody’s Says Saudi Economic Growth at 10.2%, Driven by Non-Oil Sector Development

Moody’s said that the Saudi economy grew by 10.2 % during the first nine months of 2022.

Asharq Al-Awsat

Indonesia's new finance laws expand central bank's mandate

Indonesia's parliament on Thursday voted to approve financial legislation that widens the central bank's mandate to include supporting sustainable economic growth and formalise its debt monetisation operations.

Reuters

World Bank eyes slower Thai growth

The Thai economy is projected to recover faster than expected this year, but will face slower growth in 2023 because of global headwinds, according to the World Bank.

Bangkok Post

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AAP

Westpac flags rates impact in 2023

Westpac expects tighter monetary policy and slowing economic growth to impact some of the bank's customers next year.

Newsroom.co.nz

GDP growth figures highlight growing risk of stagflation

As NZ reports another quarter of slow economic growth, it is combining with inflationary pressures to pose a worrying economic outlook – here and around the world. A resilient China can help NZ through a worrying economic future.

Reuters

Cuba forecasts only slight growth rise as crisis grips island

Crisis-hit Cuba on Monday forecast economic growth of 3% for 2023 and reported 2% in 2022, half of what it had previously predicted and down 8% from the pre-pandemic level.

The Conversation

Ghana had a bad time in 2022 – 4 reads to catch up on what happened

Ghana, a country with a good reputation for democracy, human rights, governance and economic growth in Africa, endured a difficult 2022.

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Caixin Global

Editorial: China Needs to Build Up Medical Capacity to Tackle Covid

With the latest round of easing, authorities face the challenge of preventing shortages and stabilizing economic growth, while also optimizing virus control measures

Asharq Al-Awsat

Facing COVID Surge, China Expanding Hospitals, ICUs

Facing a surge in COVID-19 cases, China is setting up more intensive care facilities and trying to strengthen hospitals as Beijing rolls back anti-virus controls that confined millions of people to their homes, crushed economic growth and set off protests. President Xi Jinping’s government is officially committed to stopping virus…

The Independent UK

Facing COVID surge, China expanding hospitals, ICUs

The Independent UK

Jiang Zemin: Leader who guided China’s rise to economic power

Under Jiang’s tutelage, China had its longest period of stable economic growth under Communist rule

Bangkok Post

Energy demand poised to grow 3.2%

Energy consumption is expected to grow by 3.2% next year, driven by economic growth estimated in a range of 3-4%, says the Energy Policy and Planning Office (Eppo).

Bangkok Post

Energy consumption forecast to rise 3.2% next year

Energy consumption is forecast to increase by 3.2% next year on projected economic growth and other data, the Energy Policy and Planning Office said on Friday.

The Independent UK

China's Xi visiting Saudi Arabia amid bid to boost economy

Chinese leader Xi Jinping is attending a pair of regional summits in Saudi Arabia amid efforts to kick-start economic growth weighed down by strict anti-COVID-19 measures

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People

Arkhom Termpittayapaisith

Sethaput Suthiwartnarueput

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Council of Economic and Development Affairs

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