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The Latest Breaking News from Economic Growth

OPINION - Should Britain's almighty Treasury be broken up?

In the mid-1980s, Labour leader Neil Kinnock was considering splitting the Treasury in two, with one half focussed on its responsibility as a finance department and the other on economic growth. He asked his shadow chancellor, Roy Hattersley, which department he would like to lead in government. Hattersley replied: "Whichever…

Evening Standard

Tories have no room for tax cuts despite £52bn a year stealth rise, says IFS

UK stuck between weak economic growth and risk of persistently high inflation, says thinktank

The Guardian - UK

Education a tool to engineer social change, says Siddaramaiah

CM Siddaramaiah stressed the importance of education to fight caste system & promote social justice & equality. He said education can bring about change & dynamism for social progress & economic growth. He also praised the contributions of Nalwadi Krishnaraja Wadiyar & Diwans to the development of Mysuru in education,…

The Hindu

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Inequality: troubling trends and why economic growth in Africa is key to reducing global disparities

Inequality remains on the top of the policy priority list for most countries in the world. Branko Milanovic, a leading scholar on inequality, recently delivered a lecture titled “Recent changes in the global income distribution and their political implications” at the University of the Witwatersrand in Johannesburg. Imraan Valodia asked…

The Conversation

IMF sees economic growth in the Mideast improving next year. But the Israel-Hamas war poses risks

The International Monetary Fund says Middle East economies are gradually recovering as external shocks from the war in Ukraine and global inflation fade

The Independent UK

‘Modi-nomics’ fails to buck the trend

Statistical considerations apart, right now there are good reasons for looking at a slice of time longer than a few quarters when studying economic growth in India

The Hindu

Sunak’s Harold Wilson act is a recipe for economic disaster

City Voices: If the Government is serious about growing the economy and levelling up then it needs to prioritise cities

Evening Standard

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SNP say Labour's plans to boost economic growth won't solve cost of living crisis

LABOUR have pledged to focus on promoting economic growth as the answer to the cost of living crisis while warning “you cannot tax and spend your…

The National (Scotland)

Starmer will reverse Rwanda policy even if flights start and small boats decline

Sir Keir says Tory asylum plan will not work – and vows economic growth ‘within months’ of Labour government

The Independent UK

Tory swing voters switch to Labour after Sunak’s green retreat, poll finds

Survey shows nearly 90% of 2019 Conservative voters say green industry is vital to UK’s economic growth

The Guardian - UK

Belgrade: the city where dirty air is seen as a ‘consequence of economic growth’

Critics decry lack of political will in Serbian capital to clean polluted air that residents say they can ‘feel and taste’

The Guardian - UK

Propelling India’s development the right way

India must redouble its efforts to make economic growth more inclusive and broad-based

The Hindu

In future, we'll see fewer generic AI chatbots like ChatGPT and more specialised ones that are tailored to our needs

AI technology is developing rapidly. ChatGPT has become the fastest-growing online service in history. Google and Microsoft are integrating generative AI into their products. And world leaders are excitedly embracing AI as a tool for economic growth.

The Conversation

Key ‘Bidenomics’ architect calls for spending ‘race to the top’ on green tech

Biden adviser Heather Boushey urges UK and Europe to increase climate friendly investment to reboot growth

The Guardian - UK

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The Guardian - UK

A year on from Liz Truss’s mini-budget, the UK economy is still stuck in first gear

Truss was right in saying Britain needed economic growth – where she was badly wrong was in her prescription

The Conversation

What Arizona and other drought-ridden states can learn from Israel's pioneering water strategy

Arizona is one of the fastest-growing states in the U.S., with an economy that offers many opportunities for workers and businesses. But it faces a daunting challenge: a water crisis that could seriously constrain its economic growth and vitality.

The Hindu

Do subsidies and safety nets take focus away from generating jobs?

The Hindu Parley discussion on whether poll promises are a distraction from providing solutions to what appears to be a systemic concern – jobless growth?

Barchart

Stock Index Futures Slip on Worries About Economic Slowdown, Interest Rate Outlook

September S&P 500 futures (ESU23) are down -0.23%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.37% this morning as investors worried that higher oil prices might lead to increased inflation and potentially hinder the outlook for global economic growth.

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The Guardian - AU

Australia’s annual growth slowed in June quarter with GDP up 2.1%

Rise compares with a revised 2.4% economic growth in the March quarter, Australian Bureau of Statistics reveals

The Guardian - UK

African leaders at odds over climate plans as crucial Nairobi summit opens

Oil-producing African nations have argued they should be able to use fossil fuel resources for economic growth

The Conversation

Central banks say interest rates will stay high but it's unclear if this will be enough to curb inflation

The US central bank, the Federal Reserve, has recently signalled that it will keep interest rates high for as long as it takes to bring inflation down to its 2% target.

The Independent UK

US economic growth for last quarter is revised down to a 2.1% annual rate

The U.S. economy expanded at a 2.1% annual pace from April through June, showing continued resilience in the face of higher borrowing costs for consumers and businesses, the government said in a downgrade from its initial estimate

Barchart

Crude Settles Modestly Higher on Energy Demand Optimism

October WTI crude oil (CLV23 ) on Monday closed up +0.27 (+0.34%), and Oct RBOB gasoline (RBV23 ) closed down -7.81 (-2.95%). Crude oil and gasoline prices Monday settled mixed. The actions by China over the weekend to boost its markets sparked optimism that it could revive economic growth that...

Barchart

Crude Moves Higher on Chinese Energy Demand Optimism

October WTI crude oil (CLV23 ) this morning is up +0.30 (+0.38%), and Oct RBOB gasoline (RBV23 ) is down -7.28 (-2.75%). Crude oil and gasoline prices this morning are mixed. The actions by China over the weekend to boost its markets sparked optimism that it could revive economic growth...

The Hindu

Tamil Nadu’s economic growth geographically equitable, says Finance Minister

Tamil Nadu's FM says growth spread across State; GSDP up 8.19%, inflation 5.97%. State focussing on manufacturing to generate employment, schemes to keep inflation low.

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Nalwadi Krishnaraja Wadiyar

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