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The Latest Breaking News from Economic Growth

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

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.

AAP

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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.

Newsroom.co.nz

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.

Reuters

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.

The Conversation

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

Caixin Global

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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…

Asharq Al-Awsat

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

The Independent UK

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.

Bangkok Post

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

The Independent UK

Economic growth misses expectations as GDP increases 0.6 per cent in September quarter

Australia's economic growth comes in slightly below expectations, with GDP rising by 0.6 per cent in the September quarter and 5.9 per cent through the year.

ABC News

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The Conversation

Chinese economic growth may never recover from COVID – here's why

Many countries have had to navigate the balancing act of keeping the economy alive versus protecting citizens from COVID in recent years. In China, patience with its zero-COVID policy – one of the world’s toughest strategies for dealing with the pandemic – are wearing thin among workers and students. Sporadic…

The Times of India

Fitch retains India growth forecast at 7% for this fiscal

NEW DELHI: Fitch Ratings on Tuesday retained India's economic growth forecast at 7 per cent for the current fiscal, but cut projections for the next two financial years saying the country is not impervious to global developments.

The National (Scotland)

Keir Starmer branded a 'chump' after claim that single market wouldn't boost growth

KEIR Starmer has been accused of “spreading obvious falsehoods” after suggesting returning to the EU single market would not boost the UK’s…

The Guardian - UK

Gove confirms mandatory housebuilding targets for councils will be abolished in face of Tory rebellion – as it happened

Levelling up secretary confirms government will change levelling up bill after number of Tory MPs tabled rebel amendment

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AAP

All eyes on last cash rate call for 2022

The Reserve Bank board will meet for its December cash rate decision next week and Australia's economic growth for the third quarter will be revealed.

Insider UK

Scotland must solve its scale-up problem to ensure economic growth

While the latest data shows growing start-up investment, there is a gap in funding to create the nation's next unicorn

The Conversation

Jiang Zemin propelled China's economic rise in the world, leaving his successors to deal with the massive inequality that followed

By the summer of 1989, a series of problems were threatening China’s stability. Soaring inflation was undermining the economy at home while the violent suppression of Tiananmen Square demonstrations had left it largely a pariah state abroad. Yet within a few years the nation rebounded – beginning two decades of…

Dynamite News

India's Second-Quarter GDP Growth Slips To 6.3 Per Cent

India's economic growth slowed to 6.3 per cent in the July-Sep quarter of 2022-23 compared to 13.5 per cent in the preceeding three months. Read on for details:

Asharq Al-Awsat

‘End of an Era’: Former Chinese President Jiang Zemin Dies at 96

Former Chinese President Jiang Zemin, who led the country for a decade of rapid economic growth after the Tiananmen crackdown in 1989, died on Wednesday at the age of 96, Chinese state media reported. Jiang died in his home city of Shanghai just after noon on Wednesday of leukemia and…

Bangkok Post

Thailand heads for third-straight modest rate hike as GDP recovers

The Monetary Policy Committee is set to raise its key rate by a quarter point for a third straight meeting as an accelerating economic growth aided by tourism revival risks stoking prices.

The Times of India

Why slower growth may be good for India

India’s annual economic growth is forecast to slow to about 6% for a few years, according to economists including from Goldman Sachs Group and Barclays.. And they say that’s not such a bad thing.

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