The Latest Breaking News from Economic Growth

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 · May 26, 2022

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 · May 25, 2022

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 · May 24, 2022

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 · May 22, 2022

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 · May 19, 2022

What stagflation means and what Biden could do about it

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

Axios · May 19, 2022

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 · May 19, 2022

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…

Asharq Al-Awsat · May 18, 2022

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 Independent UK · May 18, 2022

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 Conversation · May 16, 2022