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The Latest Breaking News from Economic Growth

UAE, Egypt, Jordan Sign Industrial Partnership in 5 Sectors for Sustainable Economic Growth

The United Arab Emirates, Egypt and Jordan announced on Sunday an integrated Industrial Partnership for Sustainable Economic Growth in Abu Dhabi. The partnership agreement aims to unlock new industrial opportunities and enhance sustainable economic growth in the three countries, across five promising industrial sectors, namely food and agriculture, fertilizers, pharmaceuticals,…

Asharq Al-Awsat

Ex-Malaysia PM: US-led trade group intended to isolate China

Former Malaysian Prime Minister Mahathir Mohamad has criticized a new U.S.-led economic grouping, saying it is intended to isolate China and won't benefit regional economic growth without Beijing

The Independent UK

War in Ukraine risks triggering global recession, World Bank warns

Skyrocketing energy and food prices driven by Russia's invasion of Ukraine risk sending the global economy into a recession, according to the president of the World Bank. We take a look at how economic growth has already slowed in Germany. Also, stock markets try to break out of bear market…

France 24

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Commentary: How the Fed has set our economy up for disaster

For over a year, the Federal Reserve ignored myriad warning signs and continued injecting money into the economy. The result was the appearance of robust economic growth and a surge in demand, especially in the labor market, which ushered in decades-high inflation. But as the Fed belatedly raises rates, the…

Tribune News Service

Saudi Arabia, WEF Sign Two MoUs for Boosting Cooperation

The Saudi delegation participating at the annual meeting of the World Economic Forum (WEF) in Davos 2022 met with the founder and CEO of the Forum Klaus Schwab and the President of WEF Borge Brende. During the meeting, opportunities to strengthen the partnership between the Kingdom and the Forum were…

Asharq Al-Awsat

Saudi Arabia, US Ink Deals to Establish Joint Centers in Emerging Technologies

The King Abdulaziz City for Science and Technology (KACST) signed several cooperation agreements with American research and academic bodies to establish centers of excellence in emerging technologies and implement strategic projects that enhance economic growth in the Kingdom and achieve its ambitious vision of transformation towards an innovation-based economy. The…

Asharq Al-Awsat

WEF forms Indian CEOs' alliance to supercharge race to net-zero

The Alliance will serve as a high-level platform to support business leaders in planning and implementing plans and programmes to achieve climate targets, including net-zero economic growth

The Hindu

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3 Defensive ETFs to Buy After Goldman Sachs Lowers Their U.S. Economic Growth Forecast

Goldman Sachs economists slashed U.S. growth forecasts and warned of potential recession risks earlier this month, citing uncertainty surrounding the Federal Reserve’s tighter monetary policy to fight 40-year high inflation. In navigating growing economic risks, defensive ETFs like Fidelity MSCI Utilities (FUTY), GraniteShares Gold (BAR), and Consumer Staples Select (XLP)…

StockNews.com

Heat wave in India poses risks for nation’s credit, Moody’s says

NEW DELHI: A heat wave that’s made parts of India the hottest in 122 years may be a warning that heightened climate risks could drag on economic growth and worsen the nation’s credit scores.

The Times of India

Asian Markets Mixed as Inflation Fears Weigh

Asian stocks were mixed Monday as inflation fears and concerns about low economic growth weighed on markets. Investors will be looking to the release on Wednesday of notes from the latest Federal Reserve committee meeting for clues on further rate hikes by the US central bank. Wall Street ended the…

Asharq Al-Awsat

Have we hit the limits to growth?

Fifty years ago this spring, one of the most influential books of the twentieth century was published. Written for the Club of Rome by Donella Meadows and colleagues at MIT, The Limits to Growth used new computer models to forecast an uncontrollable collapse in the global population and economy if…

Bangkok Post

India's economic growth likely to be robust at 8.9% in current fiscal: Finance minister at NDB

NEW DELHI: India's economic growth is likely to be robust at 8.9 per cent in the current financial year, reflecting the country's strong resilience and speedy recovery, finance minister Nirmala Sitharaman said on Thursday.

The Times of India

What stagflation means and what Biden could do about it

High inflation tends to break out when economic growth is really roaring.

Axios

Oil Prices Recoup Early Losses on China Hopes, Global Supply Fears

Oil prices rose on Thursday, recovering from early losses, on hopes that planned easing of restrictions in Shanghai could improve fuel demand while lingering concerns over tight global supplies outweighed fears of slower economic growth. Brent crude futures for July were up $1.53, or 1.4%, at $110.64 a barrel at…

Asharq Al-Awsat

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Asharq Al-Awsat

UN Drops Forecast for Global Economic Growth in 2022 to 3.1%

The United Nations on Wednesday significantly lowered its forecast for global economic growth this year from 4% to 3.1%, saying the war in Ukraine has triggered increasing global food and commodity prices and exacerbated inflationary pressures, upending the fragile recovery from the COVID-19 pandemic. The mid-2022 forecast from the UN…

The Independent UK

UN drops forecast for global economic growth in 2022 to 3.1%

The United Nations is significantly lowering its forecast for global economic growth this year from 4% to 3.1%

The Conversation

How NZ could become a world leader in decarbonisation using forestry and geothermal technology

Energy is the double-edged sword at the root of the climate crisis. Cheap energy has improved lives and underpinned massive economic growth. But because most of it comes from burning hydrocarbon fuels, we’re now left with a legacy of high atmospheric carbon dioxide (CO2) and an emissions-intensive economy.

The Independent UK

EU cuts forecast for economic growth as war's fallout widens

The European Union has slashed its forecasts for economic growth in the 27-nation bloc amid the prospect of a drawn-out Russian war in Ukraine and disruptions to energy supplies

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Benzinga

Why Mortgage and Commercial Loan Rates Won't Go As High As People Think

I’m of the belief that mortgage rates won’t be going as high as some people are forecasting, at least not nearly as quickly. I say this because the dynamic between inflation, FED rate hikes, economic growth, and the bond markets should cause the yield curve to flatten and even invert…

The Guardian - UK

Journey of Humanity by Oded Galor review – inequality explained?

An study of the factors behind economic growth attempts to reveal the ‘great cogs’ that drive development

The News Lens

Taiwan’s Lost Growth (Part 1): How Far Has Taiwan’s Economy Fallen Behind Other Countries Due To Stagnant Wages?

When wages don’t grow, household expenditures and ultimately business profits stagnate as well. Here’s how this has played out in Taiwan.

Caixin Global

China’s Vehicle Production, Sales Plunged in April

Consumers were less willing to buy a car as slowing economic growth and fallout from the pandemic weakened confidence, industry organization says

Al Jazeera

‘Localised’ recessions? China’s economy teeters amid lockdowns

Economists warn of negative economic growth in certain sectors and regions if ‘zero COVID’ policy continues.

Evening Standard

Boris Johnson promises ‘compassion’ but under fire for lack of action on living costs

The Prime Minister used the Queen’s Speech to set out plans to boost economic growth but came under fire for a lack of immediate action

The Independent UK

Asian stocks follow Wall St down on rate hike, economy fears

Asian stocks have followed Wall Street lower as fears increased that U.S. rate hikes to fight inflation might stall economic growth

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