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The Latest Breaking News from Economic Growth

'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

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‘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

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 Guardian - 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.

The Independent UK

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…

Asharq Al-Awsat

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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

The Independent UK

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

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

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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

Bangkok Post

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.

StockNews.com

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…

Bangkok Post

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.

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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.

The Guardian - AU

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

Reuters

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.

Fortune

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.

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

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