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The Latest Breaking News from Economic Growth

India to raise spending on job creation ahead of election

Prime Minister Narendra Modi’s government plans to ramp up capital spending by 33% in a $550 billion annual budget designed to spur economic growth and create jobs ahead of a general election next year

The Independent UK

Shoukry, Lavrov Meet in Moscow, Discuss Cooperation, Int’l Developments

Egypt and Russia stressed on Tuesday the importance of developing bilateral relations between their countries at all levels. Russian Foreign Minister Sergei Lavrov welcomed his Egyptian counterpart Sameh Shoukry in Moscow for talks on regional and international issues, notably the Ukrainian crisis. At a joint press conference, Shoukry said the…

Asharq Al-Awsat

Slowing exports pressure growth

A higher risk of slowing exports amid a global economic slowdown will pressure Thai economic growth this year, despite positive growth of the tourism sector, says an executive of the Bank of Thailand.

Bangkok Post

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Europe scrapes out economic growth by dodging gas disaster

Europe’s economy has scraped out meager gains at the end of last year as galloping inflation fed by high energy prices and Russia’s invasion of Ukraine deterred people from spending in shops and restaurants

The Independent UK

Nirmala Sitharaman tables Economic Survey 2022-23 in Lok Sabha: Highlights

NEW DELHI: Finance minister Nirmala Sitharaman on Tuesday presented the Economic Survey in Parliament ahead of the Union Budget to be presented on Wednesday.

The Times of India

Budget 2023 should focus on falling imports, impact of slowdown: Chidambaram

KOLKATA: Senior Congress leader and former Union finance minister P Chidambaram on Monday said that the BJP-led central government in its upcoming budget should focus on addressing issues like the impact of the global slowdown on economic growth, falling exports, increase in the current account deficit (CAD) and mounting total…

The Times of India

Saudi Sherpa Discusses Priorities of G20 Meetings in India

Saudi officials reviewed the priorities of the G20 for the current year, which include supporting global economic growth in light of geopolitical tensions, strengthening global value chains and flexible logistics services, in addition to a range of issues related to health, energy, food security, education, tourism, the labor market and…

Asharq Al-Awsat

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FPO maintains Thai GDP growth forecast

The Fiscal Policy Office (FPO) has maintained its Thai economic growth forecast this year at 3.8%, in line with the continued rebound of the tourism sector and declining inflation.

Bangkok Post

United States announces members of new economic partnership in Western Hemisphere

The Biden administration says 11 eleven countries in the Western Hemisphere have initially signed up into the Americas Partnership for Economic Prosperity, in what officials called a “historic” initiative to drive economic growth and cooperation in the region.

Miami Herald

3 Stocks That Could Make You a Millionaire in the Long Term

With economic growth moderating just enough to keep hopes of a Fed-engineered ‘soft landing’ alive, shares of fundamentally strong, resilient, and growing businesses AT&T (T), Amgen (AMGN), Humana (HUM) could be worth investing in for sustained risk-adjusted returns. Continue reading….

StockNews.com

The Leader podcast: What exactly is Hunt’s economic growth plan?

Chancellor, Jeremy Hunt, has given a speech outlining his plans for UK economic growth - but it’s got many people asking where is the detail?

Evening Standard

High fashion: Luxury goods makers hope for boom as China re-opens

Is the luxury sector recession-proof? Sales at high-end brands plunged at the start of the Covid-19 pandemic, but they've since rebounded sharply, even as inflation soars and economic growth slows. Now many fashion houses are hoping that China's reopening will be another boost to their business. Our Business Editor Kate…

France 24

Oil Prices Advance on US Growth, Chinese Recovery Hope

Oil prices edged ahead for a second session on Friday, buoyed by stronger-than-expected US economic growth and hopes of a rapid recovery in Chinese demand as COVID-19 cases and deaths plunged from last month's peak levels. Brent futures gained 18 cents, or 0.2%, to $87.65 a barrel by 0724 GMT,…

Asharq Al-Awsat

Chancellor claims he will use Brexit freedoms to tackle poor productivity

Jeremy Hunt is expected to resist calls for tax cuts to kick-start flagging economic growth

Insider UK

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Bangkok Post

Finance Ministry maintains growth outlook, expects more tourists

The Ministry of Finance has maintained its economic growth outlook for 2023 at 3.8%, buoyed by a rebound in tourism and domestic demand, but an official said exports would slow down this year.

The Independent UK

EXPLAINER: How will we know if the U.S. is in recession?

A second consecutive quarter of economic growth underscored Thursday that the nation isn’t in a recession despite high inflation and the Federal Reserve’s fastest pace of interest rate hikes in four decades

Insider UK

Weaker economic growth costing Scottish Government almost £700m

Scottish Fiscal Commission says differences in tax policy between Scotland and the rest of the UK are also to blame

The Independent UK

UN forecasts fall in global economic growth to 1.9% in 2023

The United Nations is forecasting that global economic growth will fall significantly to 1.9% this year

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Bangkok Post

Putting a dampener on Thai recovery

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.

The Conversation

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 Guardian - AU

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?

Bangkok Post

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…

Asharq Al-Awsat

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…

Bangkok Post

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.

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