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The Latest Breaking News from Economic Growth

Keir Starmer: Labour will fight next election on economic growth

Opposition leader to say ‘making the country and its people better off’ is main priority for party

The Guardian - UK

BoT says growth might exceed 3% in second quarter

The Bank of Thailand believes Thai economic growth might increase past 3% in the second quarter, mainly thanks to a rebound in domestic consumption under the central bank's commitment to maintain flexible inflation targeting.

Bangkok Post

Rishi Sunak to set out plans to tackle NHS backlogs in first major leadership speech

It comes as Liz Truss promised a ‘bonfire’ of ‘EU red tape’ to drive economic growth

Evening Standard

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China Pushes to Quell Protests Over Billion-dollar Banking Scandal

The scandal has drawn national attention as Beijing is struggling to maintain economic growth in the face of President Xi Jinping's commitment to a zero-Covid policy that has prompted widespread lockdowns and a resulting economic slowdown.

The News Lens

China's economy faces multiple challenges but what might those pressures mean for Australia?

From a banking crisis to property market slumps, China's economy is under stress and the country also recently recorded its lowest quarterly growth rate figure since 1990. What might those challenges mean for Australians?

ABC News

ADB cuts India GDP forecast for FY23 to 7.2% on Covid, war impact amid inflationary pressure

NEW DELHI: Asian Development Bank (ADB) on Thursday trimmed India's economic growth forecast for current fiscal year to 7.2 per cent from 7.5 per cent as pandemic and war impact is weighing down alongside inflationary pressures.

The Times of India

Tyler Cowen: The strong dollar is a vote of confidence in America

U.S. price inflation is at 9.1% and a there is a fiercely strong dollar, a pair of statistics that was certainly unexpected a year ago and even now seems odd. On closer inspection, however, these numbers reflect a world in which the U.S. is still seen as a leader —…

Tribune News Service

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How record-setting heat waves in cities across UK, US and mainland Europe could punish economies already reeling from inflation

Hundreds of millions of people struggled to keep cool amid a sweltering summer heat wave as cities across the U.S. and mainland Europe experienced record-high temperatures. In the U.K., thermometers topped 104 Fahrenheit (40 degrees Celsius) on July 19, 2022, the highest ever recorded.

The Conversation

Singapore growth to moderate further next year, global inflation expected to ease

Singapore's economic growth is expected to moderate further next year, tracking a slowdown in its major trading partners, while global inflation is expected to ease in 2023, the head of the city-state's central bank said on Tuesday.

Reuters

Taiwan’s Lost Growth (Part 3): Taiwan’s Economy and Profits Have Stagnated Because Wages Have Not Recovered from the 1997 Crisis

The 1997 Asian financial crisis is a distant memory to most countries. But Taiwan hasn’t fully recovered from it because wages have been kept low.

The News Lens

Tory leadership – live: Truss, Mordaunt and Badenoch fight for second place at today’s vote

Ex-chancellor remains on top but fails to reach 120 votes needed to guarantee spot in final two

The Independent UK

‘It’s socialism’: heated Tory leadership debate exposes deep divisions

Truss says Sunak will choke economic growth by raising taxes while he accuses her of not being conservative

The Guardian - UK

Kenya's election promises: an economist's perspective

Kenya has four presidential candidates in the August 2022 general election. They recently launched their manifestos and one thing ties them together: the economy.

The Conversation

China's economic growth slows following COVID lockdowns

China's economy contracted in the three months ending in June compared with the previous quarter after Shanghai and other cities shut down to fight coronavirus outbreaks.

WEKU

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The Guardian - AU

China’s economic growth slumps sharply after Covid lockdowns

Shutdown of cities takes its toll, while property market remains in crisis and global outlook darkens

The Independent UK

Asian stocks up after US inflation fuels rate hike fears

Asian stock markets are higher after a rise in U.S. inflation stoked expectations of more rate hikes that investors worry will chill economic growth

Reuters

Former finance minister Sunak cements lead in race to be Britain's PM

Former finance minister Rishi Sunak cemented his lead over rivals to become Britain's next prime minister on Thursday in an increasingly bitter race to replace Boris Johnson.

Reuters

UAE president, in first address, stresses support for energy security, friendly relations

The president of the United Arab Emirates said on Wednesday the Gulf OPEC producer would continue to support global energy security as a main driver of global economic growth, ahead of a U.S.-Arab summit in neighbouring Saudi Arabia this week.

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Asharq Al-Awsat

OPEC Sees Slower 2023 Oil Demand Growth

OPEC expects global oil demand to rise in 2023 but at a slower pace than 2022, the producer group said in its first forecast for next year, citing still robust economic growth and progress in containing COVID-19 in China. In a monthly report on Tuesday, the Organization of the Petroleum…

The Conversation

What the controversial 1972 'Limits to Growth' report got right: Our choices today shape future conditions for life on Earth

The 1970s launched an environmental reckoning across the U.S. Spurred by rising public concern, corporations and national leaders pledged to protect resources, and created new laws and agencies to lead that effort.

The Conversation

Why factory jobs for Ethiopian women haven't translated into greater participation in politics

Until the war in Tigray started in November 2020, Ethiopia was a favoured investment destination. It had experienced strong economic growth for the previous decade.

Bangkok Post

India to surpass China as most populous country in 2023: UN report

NEW DELHI: India is set to surpass China as the world's most populous country in 2023, with each counting more than 1.4 billion residents this year, a United Nations report said on Monday, warning that high fertility would challenge economic growth.

Reuters

India to surpass China as most populous country in 2023 -UN report

India is set to surpass China as the world's most populous country in 2023, with each counting more than 1.4 billion residents this year, a United Nations report said on Monday, warning that high fertility would challenge economic growth.

Tribune News Service

Commerce secretary: Let’s not be 'talking ourselves' into recession

Commerce Secretary Gina Raimondo on Sunday predicted slower economic growth as the country grapples with inflation but said that won’t necessarily mean a recession, which is marked by two straight quarters of negative economic growth.

Reuters

Costa Rica's Chaves launches Pacific Alliance trade push

Costa Rican President Rodrigo Chaves said on Friday he has ordered his ministers to launch talks to join the Pacific Alliance, a multinational pact focused on boosting trade, part of the new pro-business leader's push for faster economic growth.

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