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The Latest Breaking News from Economic Growth

Three reasons a weak pound is bad news for the environment

The day before new UK chancellor Kwasi Kwarteng’s mini-budget plan for economic growth, a pound would buy you about $1.13. After financial markets rejected the plan, the pound suddenly sunk to around $1.07. Though it has since rallied thanks to major intervention from the Bank of England, the currency remains…

The Conversation

New data helps solves U.S. economic growth puzzle

By one metric, economic growth was weaker than previously thought.

Axios

Want To Beat Stagflation? Invest Like It's the 1970s

If you're looking to beat sticky inflation and slowing growth in your portfolio, consider using the past as a guide for navigating today's mixed-up economy.

Kiplinger

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World Bank Cuts 2022 East Asia Growth Outlook

Economic growth in East Asia and the Pacific will weaken sharply in 2022 due to China's slowdown, but the pace of expansion will pick up next year, the World Bank said on Tuesday. The Washington-based lender said in a report it expected 2022 growth in the East Asia and Pacific…

Asharq Al-Awsat

Nature is not an impediment to UK economic growth: it’s vital to it

Our economic system depends on the natural world. Growth that results in the destruction of nature will, in the end, cease, says environmentalist Tony Juniper

The Guardian - UK

World Bank report upgrades Thai growth for 2022 to 3.1%

The World Bank has increased its forecast for Thai economic growth this year to 3.1% from 2.9%, according to its "East Asia and Pacific October 2022 Economic Update" released on Monday.

Bangkok Post

IMF urges caution as oil-rich Guyana's economic growth nears 60%

Guyana's economic growth could reach close to 60% this year, the International Monetary Fund said in a statement on Tuesday, urging cautious policies even as the tiny South American nation benefits from surging oil production.

Reuters

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Is the UK in a recession? How central banks decide and why it's so hard to call it

Last week, UK chancellor Kwasi Kwarteng launched a bid to boost economic growth with the largest tax cutting exercise for half a century. What this so-called mini-budget has since overshadowed, however, was an admission by the Bank of England the previous day that the UK may already be in a…

The Conversation

Ready for power, UK Labour's Starmer tells faithful this is their 'moment'

British opposition Labour leader Keir Starmer said on Tuesday it was his party's "moment", championing green policies to spur economic growth and create jobs that he said would open the door to power after 12 years of Conservative government.

Reuters

OECD: War in Ukraine to drag on global economy into 2023

The Organization for Economic Cooperation and Development says Russia’s war in Ukraine and the lingering effects of the COVID-19 pandemic are dragging down global economic growth more than expected and driving up inflation that will stay high into next year

The Independent UK

First Minister brands UK's economic growth plans a 'catastrophic disaster'

FIRST Minister Nicola Sturgeon has described No 10 plans to boost economic growth as a “catastrophic disaster”, saying the Scottish Government…

The National (Scotland)

EU warns UK not to break post-Brexit trade deal in drive for growth

Brussels has warned Britain not to break their post-Brexit trade deal by slashing regulation in its new drive for economic growth.

Evening Standard

Britain's Labour pitches itself against tax cuts for the wealthy

Keir Starmer, leader of Britain's Labour Party, on Sunday pledged to reverse the abolition of the top rate of income tax, saying tax cuts for the wealthy wouldn't create economic growth as he made a pitch for power at his party's annual conference.

Reuters

Forget trickle down, what the UK needs is middle-out economics

Liz Truss is banking on a failed policy. The focus should be on the real driving force behind economic growth

The Guardian - UK

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Daily Mirror

Liz Truss to relax immigration rules so foreign workers boost economic growth

The PM is expected to face resistance from cabinet Brexiteers including Home Secretary Suella Braverman and Trade Secretary Kemi Badenoch.

Manchester Evening News

Local Conservative MPs back mini-budget tax cut plans despite fierce criticism

Tory MPs from across Greater Manchester have backed the plans that hope to deliver economic growth.

The Independent UK

UK Treasury chief to set out tax-slashing emergency budget

The U.K. government will publish an emergency budget statement outlining how it plans to slash taxes, tame soaring inflation and boost economic growth as a recession looms on the horizon

Wales Online

Chancellor targets part-time workers in ‘win-win’ welfare shake-up

Kwasi Kwarteng wants to get 'Britain working again' in a bid to boost economic growth

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The National (Scotland)

'Brownhog Day' as ex-PM's think tank calls for 'Scottish Treasury' to boost growth

GORDON Brown’s Unionist think tank has called for the creation of a Scottish Treasury in a move which has been branded a “carrot” for voters.

Evening Standard

Stamp duty cut: rumoured property tax cut in Friday’s mini-Budget could push up mortgage bills

Reports claim the Government is planning to reduce the property tax as part of efforts to boost economic growth

The Independent UK

Cutting stamp duty could push up mortgage bills, expert warns

Reports claim the Government is planning to reduce the property tax as part of efforts to boost economic growth.

The News Lens

Taiwan’s Economic Slowdown (Part 2): Taiwan’s High Profit Margins Mask Its Slow Economic Growth

Taiwan’s high profits are eating into labor’s share of the economic pie — and hampering growth.

The Guardian - AU

China’s ‘hidden epidemics’: the preventable diseases that could reshape a nation

Stratospheric economic growth since the late 1970s has brought great prosperity, along with ‘western-style’ health problems that are beginning to have a devastating impact

The Independent UK

Truss ‘willing to be unpopular PM’ with measures targeting economic growth

Liz Truss confirmed she would be reversing the national insurance hike and axing the planned increase to corporation tax.

The Guardian - UK

Liz Truss signals further tax cuts could be on way in hunt for economic growth

PM’s remarks suggest tax cuts set to be unveiled in Friday’s ‘fiscal event’ may not be the last, with full budget expected in November

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