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The Latest Breaking News from Economic Growth

Oil Prices Extend Gains on Optimism Over China’s Recovery

Oil prices rose on Wednesday, extending the previous session's gains, driven by optimism that the lifting of China's strict COVID-19 curbs will lead to a recovery in fuel demand in the world's top oil importer. Brent crude futures firmed 63 cents, or 0.73%, to $86.55 a barrel by 0401 GMT,…

Asharq Al-Awsat

Economists slice growth outlook for Asean+3

China's reopening should provide a timely boost to the Asean+3 region as the area's economic growth was downgraded because of continuing weakness in China, Japan and South Korea, according to economists.

Bangkok Post

Davos 2023: Global growth to bottom out this year - IMF's Georgieva

International Monetary Fund Managing Director Kristalina Georgieva said on Tuesday global economic growth was expected bottom out in 2023 despite the continued Ukraine war and rising interest rates.

Reuters

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China's economic growth falls to 3% in 2022 but slowly reviving

The world's No.2 economy grew by 3% in 2022, less than half of the previous year's rate, official data showed Tuesday as China faced pressure from anti-virus controls and a real estate slump.

WEKU

China's Population Shrinks for 1st Time in Over 60 Years

China's population shrank last year for the first time in more than six decades, official data showed Tuesday, as the world's most populous country faces a looming demographic crisis. The nation of 1.4 billion has seen birth rates plunge to record lows as its workforce ages, in a rapid decline…

Asharq Al-Awsat

China’s economy grew 3% last year, not even half 2021's rate

China’s economic growth fell to 3% last year under pressure from antivirus controls and a real estate slump but is gradually reviving after restrictions that kept millions of people at home were lifted

The Independent UK

Study Envisages Connection between Innovation, Financing, Trade with Global Economy

Saudi researcher Dr. Raja Almarzoqi underscored the connection between innovation, international commerce movement, financing and economic growth that has become an enabler of global economy that crosses borders. He called for the adoption of government policies and legislations that would benefit further from the relationship between research, development of innovation…

Asharq Al-Awsat

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Infrastructure outlays to underpin growth

The government aims to accelerate state investment this year to provide a tailwind to propel economic growth momentum.

Bangkok Post

Indian industry leaders expect GDP to grow at 6.5% in FY24: Survey

NEW DELHI: According to a survey conducted by Deloitte Touche Tohmatsu India LLP (DTTILLP), Indian business leaders, specifically chief experience officers (CXOs), are optimistic about the country's economic growth in 2023-24.

The Times of India

Edinburgh Airport confirmed as part of Forth freeport with 50,000 jobs predicted

Hoped to stimulate economic growth, the scheme is expected to have a huge impact on the area, with an estimated 50,000 jobs to be created, as well as £6 billion of investment.

Edinburgh Live

US emissions rose in 2022

As renewables overtook coal, economic growth outpaced the rise in carbon emissions

Salon

World Bank forecasts India's FY23 GDP at 6.9%; warns of global recession

NEW DELHI: The World Bank on Tuesday retained India's economic growth at 6.9% for financial year 2022-23.

The Times of India

Oil Slips on Concerns Higher Interest Rates to Crimp Demand

Oil edged lower on Tuesday on expectations that further interest rate hikes in the United States, the world's biggest oil user, will slow economic growth and limit fuel demand. Brent futures for March delivery fell 43 cents to $79.22 a barrel, a 0.5% drop, by 0522 GMT.

Asharq Al-Awsat

Thailand Welcomes Tourism, Economic Progress, Looks Ahead to 2023 Elections

Experts say the elections could promote further economic growth and create stability for the kingdom.

The News Lens

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Al Jazeera

India’s economic growth to slow to 7%, government forecasts

India remains a relative ‘bright spot’ in the world economy, but weak exports are expected to hamper its growth.

Los Angeles Times

Commentary: Recovering from Big Tech’s lost decade

For 65 years, the United States has counted on its digital tech industry to create amazing products and drive economic growth. For most of that time, the industry has exceeded expectations. Over the past decade, however, the tech industry has lost its way, with a culture, products and business models…

Reuters

China to open border with Hong Kong on Jan 8

China's government said on Thursday that its border with special administrative region Hong Kong would reopen on Jan. 8, the first time in three years, as Beijing accelerates the unwinding of stringent COVID rules that have battered economic growth.

WEKU

Governor Beshear offers praise for natural disaster response and cites economic growth; Legislative

Governor Andy Beshear delivered his State of the Commonwealth Address Wednesday night. In the speech, Beshear praised Kentucky’s economic growth over the past year while recovering from two major natural disasters.

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Caixin Global

Editorial: Face Up to the Changed World

A more sober mind is needed for a greater initiative

Bangkok Post

State key to stimulating expansion

The acceleration of state investment in 2023 should provide a tailwind to propel economic growth momentum, says Finance Minister Arkhom Termpittayapaisith.

Bangkok Post

A challenging year ahead

Global economic growth in 2023 is expected to remain sluggish, following a year roiled by the war in Ukraine and soaring inflation.

Al Jazeera

How Ghana, Africa’s rising star, ended up in economic turmoil

The West African nation is a major cocoa and gold exporter, so why is it battling its worst economic crisis in decades?

The News Lens

Southeast Asia’s Tech Industry Goes From a Gallop to a Canter

ASEAN’s economic growth is projected to be above 5% in 2022 and 2023, outperforming China for the first time.

Bangkok Post

Economic risks to watch out for in 2023

The world will end 2022 with big celebrations. Yet not because of robust economic growth, as growth this year is projected to be only 3.2% -- following the International Monetary Fund's (IMF) recent projections -- compared to 6.0% growth in 2021.

Fortune

Understanding stagflation

Stagflation is a real problem for policymakers because the Central Bank can increase interest rates to reduce inflation or cut interest rates to reduce unemployment.

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Arkhom Termpittayapaisith

Thitinan Pongsudhirak

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