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The Latest Breaking News from Economic Growth

Fed faces twin threats of recession and financial crisis as its inflation fight raises risks of both

There is wide agreement among economists and market observers that the Federal Reserve’s aggressive interest rate hikes will cause economic growth to grind to a halt, leading to a recession. Less talked about is the risk of a financial crisis as the U.S. central bank simultaneously tries to shrink its…

The Conversation

New mindset 'key to green growth'

Prime Minister Prayut Chan-o-cha on Wednesday called for all stakeholders to change their business mindset and put a focus on sustainability as he touted Thailand's bio-circular-green (BCG) economic model as a solution to climate change and a core strategy for sustainable economic growth.

Bangkok Post

The Standard View: Spending cuts and tax rises will be a hard sell for No 10

The mood music emanating from the Treasury ahead of the November 17 Autumn Statement is funereal: tax rises and spending cuts are imminent. Amid anaemic economic growth and following a mini-Budget that spooked the markets and saw the cost of borrowing rise, there is a clear need to make the…

Evening Standard

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Satellite pictures shine light on the nations that inflate their GDP

Authoritarian regimes can be seen to be manipulating their economic growth rates to a greater extent than democracies

The Guardian - UK

Office nudges down growth forecast this year

The Fiscal Policy Office (FPO) has downgraded its 2022 Thai economic growth forecast to 3.4% from the 3.5% projection it made in July.

Bangkok Post

Finance Ministry trims GDP growth outlook to 3.4%

The Finance Ministry on Friday trimmed its 2022 economic growth outlook to 3.4% from 3.5% projected earlier, with the main drivers being a recovery in private consumption and the crucial tourism sector, Fiscal Policy Office (FPO) director-general Pornchai Thiraveja said.

Bangkok Post

Kiplinger GDP Outlook: 2026 Economic Growth Is Looking Better

In the latest Kiplinger GDP forecast, we expect modest-to-moderate growth in the second half of 2025 and through 2026.

Kiplinger

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Defiant Truss defends her tax-cutting agenda

In a final address on the steps of Downing Street, the outgoing PM said the country needs ‘bold’ action to deliver economic growth.

The Independent UK

Sunak must balance the books and restore confidence in the UK economy

Britain’s new prime minister needs to be fiscally conservative, provide targeted support for the very poorest, and implement radical supply side reforms.

Evening Standard

Institute for Fiscal Studies warns against cutting spending on sixth forms

Thinktank says any reduction would ‘sit uncomfortably’ with pledge to focus on skills and economic growth

The Guardian - UK

China’s Economic Growth Accelerates but Weak amid Shutdowns

China's economic growth picked up in the latest quarter but still was among the weakest in decades as the ruling Communist Party tries to reverse a slump while enforcing anti-virus controls and a crackdown on debt in its vast real estate industry. The world's second-largest economy grew by 3.9% over…

Asharq Al-Awsat

China's economic growth accelerates but weak amid shutdowns

China’s economic growth accelerated in the latest quarter but still was among the slowest in decades as the country wrestled with repeated closures of cities to fight virus outbreaks

The Independent UK

China's exports weaken in September, imports up 0.3%

China’s export growth weakened in September while imports rebounded from a contraction as economic growth improved

The Independent UK

Xi Jinping chooses ‘yes’ men over economic growth in politburo purge

China’s president doubles down on ruling for life, excluding potential future leaders or factional rivals

The Guardian - UK

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Asharq Al-Awsat

Chinese Leader Xi Jinping’s Rise and Rule

Chinese President Xi Jinping, the son of a communist revolutionary leader, was a victim of the Cultural Revolution and a provincial chief who promoted economic growth before ascending to the very top a decade ago. On Sunday, China's 69-year-old leader secured a widely expected third term as general secretary of…

The Independent UK

Timeline: Chinese leader Xi Jinping's rise and rule

Chinese President Xi Jinping, the son of a communist revolutionary, was a victim of the Cultural Revolution and a provincial chief who promoted economic growth before ascending to the very top a decade ago

The News Lens

The Problem With Digital Nomad Visas

As the digital nomad wave crests, governments in Southeast Asia should consider the implications that their schemes bring beyond economic growth.

Reuters

Australia floods to dent Dec-qtr GDP, spur inflation - Treasurer

Widespread floods that have inundated large parts of Australia's southeast will dent the country's economic growth and increase inflation, Treasurer Jim Chalmers said on Friday, ahead of next week's federal budget.

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Insider UK

Next Prime Minister 'must deliver stability for business' - leaders react after Liz Truss resigns

'We need business and government pulling in the same direction if we are to create economic growth'

The Guardian - AU

Australia’s jobless rate is steady as she goes – and so too is the economy

Unemployment has come in at 3.5% for the second month in a row. That’s good news for economic growth – if people have jobs, they’re more likely to spend

The Guardian - AU

China’s decade under Xi Jinping explained in seven charts

Xi has overseen rapid economic growth and rising wealth, while spending big on the military, but inequality has widened has and a demographic crisis looms

Bangkok Post

Finance Ministry sees 2022 economic growth of 3.0-3.5%

Thailand should see economic growth of 3 to 3.5% this year, driven by the key export and tourism sectors, Finance Minister Arkhom Termpittayapaisith said in an interview on Wednesday.

Daily Mirror

Martin Lewis gives verdict on huge Tory U-turn as Jeremy Hunt scraps mini-Budget

New Chancellor Jeremy Hunt announced the government would reverse almost all of the tax measures announced in Prime Minister Liz Truss' economic growth plan three weeks ago

360info

More women entrepreneurs mean less global poverty

Entrepreneurship is an engine of economic growth but it can only move into top gear when there are more women.

Asharq Al-Awsat

SMEs Make up 95% of Operating Firms in the UAE

The United Arab Emirates’ Economy Minister, Abdullah bin Touq al-Marri, said the SMEs account for 95 percent of the overall operating companies in the country. They offer job opportunities to more than 85 percent of the total labor force in the private sector, he stressed, adding that they are a…

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