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The Latest Breaking News from Economic Growth

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

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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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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…

Asharq Al-Awsat

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 Independent UK

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.

The News Lens

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.

Reuters

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'

Insider UK

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

The Guardian - AU

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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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Reuters

Fighting for survival as UK PM, a chastened Truss changes course again

It was a bruising meeting with her Conservative lawmakers this week that finally shook British Prime Minister Liz Truss's earlier unwavering faith that she could weather the market fallout from her radical economic growth plan.

The Independent UK

Ditching Truss would be ‘disastrously bad idea’, says ally Cleverly

Foreign Secretary James Cleverly said the Government is focused on getting economic growth despite the market turbulence.

The Hindu

Prior to Industrial Revolution, global living standards were very low, says economic historian Jared Rubin

Britain industrialised first, and several other nations in Western Europe and North America followed soon thereafter, says Jared Rubin

Asharq Al-Awsat

IMF Confirms Saudi Economy’s Growth Forecast in Coming Years

The International Monetary Fund (IMF) confirmed its economic growth forecast for Saudi Arabia for the current year at 7.6 percent, the exact forecasts for July and April. Earlier, the Fund increased its expectations twice for the Saudi economy in 2022, making the Kingdom the only country among the G20 whose…

The Independent UK

Public service broadcasting is facing an existential threat – former ITV chairman

Sir Peter Bazalgette delivered a speech discussing the future of public service broadcasters.

The Times of India

Indian economy doing fairly well; additional monetary tightening required, says IMF chief economist

WASHINGTON: India's economy is doing fairly well, but additional monetary tightening is required, Pierre-Olivier Gourinchas, chief economist of the IMF said on Tuesday, as the global lender trimmed its projection of the country's economic growth in 2022 to 6.8 per cent.

The Times of India

IMF cuts India's GDP forecast to 6.8%; warns global economies, says 'worst yet to come'

NEW DELHI: The International Monetary Fund (IMF) on Tuesday slashed India's economic growth forecast to 6.8% for 2022.

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