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The Latest Breaking News from Economic Growth

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

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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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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 Conversation

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 Times of India

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 National (Scotland)

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

The Guardian - UK

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.

AAP

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

Insider UK

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…

The Conversation

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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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Newsroom.co.nz

The planetary emergency we must avoid (spoiler alert: it’s not climate change)

Rather than expanding our renewable electricity production and developing an EV fleet, a degrowth approach would be to initiate a massive energy conservation programme and investing in cities where we can live, work and play within 15 minutes' walking or biking.

Bangkok Post

Is Japan now facing its own Liz Truss moment?

Former British PM Liz Truss's disastrous mini-budget, which crashed the pound and ended her tenure after just 44 days, has quickly become a cautionary tale for policymakers around the world as they debate how to spur economic growth and address rising inflation. But some national leaders, such as Japan's, have…

The Guardian - UK

Scrapping EU laws would threaten economic growth, warn business leaders

IoD and unions among groups writing to government, saying move would cause business chaos, harm rights and threaten environment

Birmingham Post

'Economic growth will be choked off': Bruntwood boss warns of impact of Avanti West Coast cancellations

Avanti West Coast has blamed unofficial strike action for the reduced services, an accusation that has been rejected by unions

The Guardian - AU

Australia’s economy remains afloat – but there are choppy waters ahead

The OECD predicts 1.9% economic growth for Australia next year. That’s the good news

Bangkok Post

Apec summit begins, Prayut to focus on sustainable economic growth

The annual meeting of Pacific-rim leaders started in Bangkok on Friday with the focus on taming surging food and energy prices partly driven by Russia's invasion of Ukraine and realising inclusive and sustainable growth for the region.

Bangkok Post

Securing a greener future for all

With November's cluster of multilateral meetings -- G20, COP27 and the Apec Economic Leaders' Meeting, for instance -- there is some good news: we don't have to create high carbon emissions to produce economic growth.

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