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The Latest Breaking News from Economic Growth

After three years in which the economy suffered from Covid effects, I am sorry to say that 2023 will not be the year of economic recovery as everyone had hoped. The global economy will still be plagued by inflation threats and several adverse factors such as excessive debt and the…

Bangkok Post

BoT delivers another quarter-point rate hike

The Bank of Thailand raised its key interest rate by 25 basis points for a fourth consecutive meeting on Wednesday, as it attempts to curb high inflation even as the return of Chinese tourists brightens the country’s economic growth prospects.

Bangkok Post

Young port workers in the maritime city of Makassar lack digital skills. Vocational schools can be the solution

The city of Makassar in South Sulawesi, Indonesia has seen fast economic growth in the past few years. In 2019, the province’s growth reached 6.9% – higher than the 5% national rate – with rapid infrastructure development, particularly in the maritime industry.

The Conversation

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China’s shrinking population: what it means for the rest of the world - expert panel

From climate change to women’s rights, what effect will the demographic time bomb at the heart of China’s economy have?

The Guardian - AU

China and the sovereign-debt time bomb

International capital flows have long been a major source of economic growth. Savings in higher-income countries have financed high-yielding investments in low-income countries, generating benefits for all. After World War II, capital flows under the Marshall Plan drove the rapid reconstruction of Europe, and after those countries recovered, they extended…

Bangkok Post

Tebboune Vows Better Living Conditions for Algerians

Algerian President Abdelmadjid Tebboune pledged on Thursday to enhance the country’s returns and improve the living conditions of Algerians, indicating a 47 percent increase in salaries early next year, the German News Agency said. He said that 2023 will see "better achievements and the improvement of living conditions.” His remarks…

Asharq Al-Awsat

Executives gloomy about global outlook

Chief executives of companies around the world are planning to cut operating costs as nearly three-quarters of them anticipate a decline in global economic growth over the next 12 months, according to a recent survey by PwC.

Bangkok Post

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Keys to sustainable growth

In November, hundreds of corporate CEOs and heads of state convened in Bali, Indonesia, for the B20 global business summit. The topics on the agenda this year revolved around three interconnected goals: sustainability, inclusion and economic growth.

Bangkok Post

Davos 2023: China recovery could be very quick - IMF's Gopinath

China could see a sharp recovery in economic growth from the second quarter onwards based on current infection trends after the dismantling of most COVID-19 restrictions, IMF Deputy Managing Director Gita Gopinath said on Wednesday.

Reuters

Oil Prices Extend Gains on Optimism Over China’s Recovery

Oil prices rose on Wednesday, extending the previous session's gains, driven by optimism that the lifting of China's strict COVID-19 curbs will lead to a recovery in fuel demand in the world's top oil importer. Brent crude futures firmed 63 cents, or 0.73%, to $86.55 a barrel by 0401 GMT,…

Asharq Al-Awsat

Economists slice growth outlook for Asean+3

China's reopening should provide a timely boost to the Asean+3 region as the area's economic growth was downgraded because of continuing weakness in China, Japan and South Korea, according to economists.

Bangkok Post

Davos 2023: Global growth to bottom out this year - IMF's Georgieva

International Monetary Fund Managing Director Kristalina Georgieva said on Tuesday global economic growth was expected bottom out in 2023 despite the continued Ukraine war and rising interest rates.

Reuters

China's economic growth falls to 3% in 2022 but slowly reviving

The world's No.2 economy grew by 3% in 2022, less than half of the previous year's rate, official data showed Tuesday as China faced pressure from anti-virus controls and a real estate slump.

WEKU

China's Population Shrinks for 1st Time in Over 60 Years

China's population shrank last year for the first time in more than six decades, official data showed Tuesday, as the world's most populous country faces a looming demographic crisis. The nation of 1.4 billion has seen birth rates plunge to record lows as its workforce ages, in a rapid decline…

Asharq Al-Awsat

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The Independent UK

China’s economy grew 3% last year, not even half 2021's rate

China’s economic growth fell to 3% last year under pressure from antivirus controls and a real estate slump but is gradually reviving after restrictions that kept millions of people at home were lifted

Asharq Al-Awsat

Study Envisages Connection between Innovation, Financing, Trade with Global Economy

Saudi researcher Dr. Raja Almarzoqi underscored the connection between innovation, international commerce movement, financing and economic growth that has become an enabler of global economy that crosses borders. He called for the adoption of government policies and legislations that would benefit further from the relationship between research, development of innovation…

Bangkok Post

Infrastructure outlays to underpin growth

The government aims to accelerate state investment this year to provide a tailwind to propel economic growth momentum.

The Times of India

Indian industry leaders expect GDP to grow at 6.5% in FY24: Survey

NEW DELHI: According to a survey conducted by Deloitte Touche Tohmatsu India LLP (DTTILLP), Indian business leaders, specifically chief experience officers (CXOs), are optimistic about the country's economic growth in 2023-24.

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Edinburgh Live

Edinburgh Airport confirmed as part of Forth freeport with 50,000 jobs predicted

Hoped to stimulate economic growth, the scheme is expected to have a huge impact on the area, with an estimated 50,000 jobs to be created, as well as £6 billion of investment.

Salon

US emissions rose in 2022

As renewables overtook coal, economic growth outpaced the rise in carbon emissions

The Times of India

World Bank forecasts India's FY23 GDP at 6.9%; warns of global recession

NEW DELHI: The World Bank on Tuesday retained India's economic growth at 6.9% for financial year 2022-23.

Asharq Al-Awsat

Oil Slips on Concerns Higher Interest Rates to Crimp Demand

Oil edged lower on Tuesday on expectations that further interest rate hikes in the United States, the world's biggest oil user, will slow economic growth and limit fuel demand. Brent futures for March delivery fell 43 cents to $79.22 a barrel, a 0.5% drop, by 0522 GMT.

The News Lens

Thailand Welcomes Tourism, Economic Progress, Looks Ahead to 2023 Elections

Experts say the elections could promote further economic growth and create stability for the kingdom.

Al Jazeera

India’s economic growth to slow to 7%, government forecasts

India remains a relative ‘bright spot’ in the world economy, but weak exports are expected to hamper its growth.

Los Angeles Times

Commentary: Recovering from Big Tech’s lost decade

For 65 years, the United States has counted on its digital tech industry to create amazing products and drive economic growth. For most of that time, the industry has exceeded expectations. Over the past decade, however, the tech industry has lost its way, with a culture, products and business models…

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