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The Latest Breaking News from Economic Growth

World’s richest suffer biggest wealth drop in a decade

The world’s richest individuals have seen the biggest annual decline in the size of their wealth for a decade, new research has revealed, in signs even internationally mobile billionaires are taking a knock from soaring inflation and a slowdown in economic growth.

Evening Standard

Scottish economy grows four times faster than UK's in latest figures

SCOTLAND’s economy grew by 0.4 per cent between January and March, outpacing UK economic growth of 0.1 per cent.

The National (Scotland)

Ukraine's economy shows 'resilience' from Russian attacks, IMF says as it backs aid

International Monetary Fund has signed off on an initial loan of $900 million and raised its estimate for the country’s economic growth

The Independent UK

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The Money Doctor who has slayed inflation for 50 years says the Fed has overcorrected so badly they’re hastening the long-feared recession

The Fed's monetary squeeze "is aimed at a problem that’s over, and the effect from here will be to hammer consumer demand and economic growth," predicts Steve Hanke of Johns Hopkins.

Fortune

How Erdoğan framed his science and tech 'great achievements' as part of election campaign

President Recep Tayyip Erdoğan has ruled Turkey for the last 21 years. In the first few terms of his rule, Turkey experienced significant economic growth and a reduction in inequality. This was widely believed to be a reason for Erdoğan’s long-term popularity.

The Conversation

Economics that looks at lower half of the pyramid

The model of economic growth that has guided national and international policies since the 1990s will not create healthy democracies

The Hindu

East Midlands Chamber says it’s time to call-out Government over chronic underinvestment in local infrastructure

Lack of investment having a negative impact on regional economic growth, productivity, sustainability and social mobility

Birmingham Post

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US economic growth for last quarter is revised up to a still-tepid 1.3% annual rate

The U.S. economy grew at a lackluster 1.3% annual rate from January through March as businesses wary of an economic slowdown trimmed their inventories, the government said Thursday, a slight upgrade from its initial estimate

The Independent UK

Israel passes budget with big grants to ultra-Orthodox

Israel’s parliament passed a national two-year budget that includes billions of dollars in funding for West Bank settlements and religious programs, stabilizing Prime Minister Benjamin Netanyahu’s right-wing coalition. The shekel weakened as critics warned the plan would suppress rather than spur economic growth.

Tribune News Service

All signs point to lower economic growth than usual

The national economy is tracking toward a contraction in activity, with the patchy performance expected to continue into next year.

AAP

Degrowth isn't the same as a recession – it's an alternative to growing the economy forever

The UK economy unexpectedly shrank by 0.3% in March, according to the Office of National Statistics. And though the country is likely to narrowly avoid an official recession in 2023, just as it did the previous year, the economy is projected to hit the worst growth rates since the Great…

The Conversation

Scottish cities outperform UK average on skills for younger workforce

However, Edinburgh, Glasgow and Aberdeen perform poorly on measures including health and new business

Insider UK

2 China Stocks Worth Investors' Attention

As China shifts gears from reopening to a phase of economic growth, the world's second-largest economy's long-term prospects look promising. Hence, fundamentally robust stocks, Sunlands Technology (STG) and Tarena International (TEDU), which are primed for growth, could be worth investors’ attention now. Keep reading….

StockNews.com

UK regulators should consider need for economic growth, warns Chancellor

It comes weeks after the UK competition watchdog halted the 68.7 billion dollar (£55 billion) deal by Microsoft to buy Activision Blizzard.

The Independent UK

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The Independent UK

Stock market today: Japan rises on GDP data; rest of region shaky

Asian shares are trading mixed as Japan’s benchmark jumped on the news of solid economic growth data, while the rest of the region was mired in uncertainty

Bangkok Post

Analysts upbeat on Thai growth outlook

Thailand's economic growth is expected to accelerate in the final nine months of this year, even as the global economy teeters near a recession, thanks partly to a lift following the May 14 election, analysts say.

ABC News

The NT's economic growth is 'heavily influenced' by the Barossa gas project, but its future is increasingly uncertain

Getting back in the black by 2026-27 relies heavily on Santos' $4.7 billion Barossa gas field off the coast of the Tiwi Islands going ahead, but it's facing opposition from traditional owners and rising environmental costs.

Reuters

China aims for better-skilled population, to improve childcare

China needs to focus on education, science and technology to develop a better-skilled population, the state-backed People's Daily said on Tuesday, adding that the country will strive for a "moderate fertility" level to support economic growth.

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The Conversation

Millions of young South Africans are jobless: study finds that giving them 'soft' skills like networking helps their prospects

The fact that more than half of the South African population is under 30 years could be beneficial for the country’s economic growth and development. But South Africa has not been able to reap this demographic dividend. This is largely due to a skills mismatch.

The Independent UK

Europe's outlook for economic growth brightens — a little

The European Union’s executive body raised its economic growth forecast, saying Europe had dodged a winter recession that was feared amid an energy crisis

The New Daily

Alan Kohler: Population growth equals economic growth, but for whom?

We need immigration to replace ageing Baby Boomers. The problem isn't population growth, its the disconnect with housing and infrastructure.

Insider UK

Bank of England lifts interest rates again as food prices stay higher for longer

Central bank economists also released a record upgrade to their economic growth expectations

Bangkok Post

PPRP vows to stimulate economic growth

The Palang Pracharath Party (PPRP) on Thursday pledged to spur the country's economic growth with various projects, including injecting money into its old village fund, lowering energy costs and setting up a national energy resources organisation to handle natural gas and oil concessions.

Asharq Al-Awsat

IMF: Gov. Strategy Helped the Saudi Economy

The International Monetary Fund (IMF) confirmed that government-led reforms and private investment growth in new sectors would help support non-oil economic growth in Saudi Arabia to be less dependent on oil. The Saudi economy grew 8.7 percent last year, while the real GDP during the fourth quarter of 2022 increased…

Barchart

Arabica Coffee Closes Moderately Lower on Demand Concerns

July arabica coffee (KCN23 ) on Wednesday closed down -1.25 (-0.67%), and July ICE robusta coffee (RMN23 ) was unchanged. Arabica coffee Wednesday closed moderately lower and posted a 3-week low. Concerns that the ongoing U.S. banking turmoil will lead to slower economic growth that curbs coffee demand are weighing...

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