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The Latest Breaking News from Economic Growth

GDP data tops the economic agenda, RBA officials speak

Reserve Bank governor Michele Bullock will get a chance to react to Wednesday's economic growth figures when she fronts a parliamentary hearing in Canberra.

AAP

AI may impact "lucrative job market linked to IT services": EY report

Artificial Intelligence will significantly reshape India's skilled workforce and its IT sector. EY's report highlights potential job market shifts. While India's economic growth remains strong, adapting to AI's evolution is crucial. Policymakers must address technological changes alongside other global challenges to maintain India's growth trajectory and economic future.

The Economic Times

ENERtec Asia 2026 Partners with MIDA to Power Malaysia's Digital Economy via Renewable Energy and Battery Storage Innovation

KUALA LUMPUR, Malaysia, May 30, 2026 /PRNewswire/ -- As shifting geopolitical dynamics, regional supply chain realignments, and surging electricity demand reshape global trade, Malaysia is intensifying efforts to strengthen energy security and future-proof its economic growth through renewable energy (RE) and battery energy storage systems (BESS).

AAP

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Russia warns war costs are ravaging its finances while Ukrainian 'drone overmatch' sends Putin's forces reeling in new phase of combat

Economic growth is also stagnating, with GDP expected to tick up just 0.4% this year, down from a previous view for 1.3%.

Fortune

Canada dips into technical recession? Pierre Poilievre slams Mark Carney, says no other G7 country is in this situation

Canada entered into what many experts would call a technical recession after it reported two consecutive quarters of contraction in economic growth. Statistics Canada said real gross domestic product fell 0.1 per cent on an annualized basis in the first three months of this year. That comes after a downwardly…

The Times of India

The Loneliness Epidemic Has Hit Indian Cities And It Looks Nothing Like You Think

A woman sits in a crowded Delhi Metro scrolling endlessly through Instagram reels. A software engineer in Bengaluru spends ten hours speaking to colleagues online but has nobody to call after work. An elderly couple in Mumbai lives in a luxury apartment tower surrounded by hundreds of people, yet entire…

MyLifeXP

The billionaire shakedown: How India changed its 'default' settings

India's decade-old Insolvency and Bankruptcy Code has revolutionized corporate finance, ending a 'defaulter's paradise' and recovering trillions. While significantly boosting financial stability and economic growth, the law now faces challenges from judicial delays. Recent amendments aim to address these bottlenecks, ensuring the code's continued effectiveness in safeguarding India's economic progress.

The Economic Times

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Thailand posts record-high current account deficit in April as economy slows

Thailand posted a record-high current account deficit of $7.6 billion in April, with economic growth ‌slowing from the previous month from the impacts of the Middle East war and expected to get weaker, the Bank of Thailand said on Friday.

Bangkok Post

US Stock Market: Bond market selloff challenges traditional safe-haven role of Treasuries

Government bonds are no longer a safe haven during stock market drops. Investors are demanding higher returns due to inflation fears and economic growth. This shift impacts traditional investment strategies. Long-term U.S. Treasury bonds are facing pressure. The market is re-evaluating the role of bonds in portfolios. Investors are becoming…

The Economic Times

What Really Happened In Vijay And Modi’s 20-Minute Talk?

Just weeks after taking charge as Tamil Nadu’s Chief Minister, actor-turned-politician Vijay walked into one of the country’s most closely watched political meetings. His first official meeting with Prime Minister Narendra Modi in Delhi lasted only 20 minutes, but the conversations inside carried massive political weight. From the explosive Mekedatu…

MyLifeXP

Elon Musk's SPACE AI Data Centers: Genius or Dangerous Gamble?

IntroductionArtificial intelligence is quickly becoming one of the most influential technologies of the modern era. Behind every AI chatbot, image generator, and smart recommendation system lies an enormous amount of computing power. As the demand for AI grows, so does the need for larger and more advanced data centers. Elon…

MyLifeXP

NZ Budget 2026 at a glance: follow the money here

Finance Minister Nicola Willis delivered a disciplined budget today, asking New Zealanders to accept continued restraint in return for promises of longer-term economic growth – and an earlier-than-expected return to surplus.

The Conversation

Aiming at China, Quad announces massive USD 20 bn critical minerals framework

The Quad nations have launched a critical minerals cooperation framework. This initiative pledges up to USD 20 billion in capital to strengthen supply chains. The grouping expressed concerns over economic coercion. This move aims to ensure diversified and reliable access to vital minerals for advanced technologies and economic growth.

The Economic Times

Sri Lanka jolts markets with outsized 100-bp rate hike to counter Gulf crisis

Sri Lanka's central bank enacted a significant 100 basis point policy rate hike, its largest in four years, to combat rising inflation and a weakening rupee. This move comes as the nation grapples with soaring energy prices driven by the Middle East conflict, impacting economic growth and foreign reserves.

The Economic Times

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Bangkok Post

Govt urged to speed up labour deals

Labour Minister Julapun Amornvivat has pledged to accelerate the renewal and expansion of labour agreements with four neighbouring countries after business groups warned that worsening labour shortages could affect economic growth and key industries.

The Economic Times

Priority sector lending boosts inclusion, not always guarantee growth: EAC-PM

India's priority sector lending has aided financial inclusion for decades. However, a recent report suggests that simply increasing directed credit might not lead to higher economic growth. The analysis indicates that while these policies have helped reduce poverty, forcing credit into poorer districts may be inefficient. Priority Sector Lending Certificates…

The Economic Times

Exports in high growth trajectory during May: Piyush Goyal

India's exports are growing strongly in May, continuing April's pace. Foreign direct investment has reached an all-time high. The nation is seen as a preferred investment destination. The government is supporting farmers and introducing economic growth initiatives. A significant achievement is the upcoming semiconductor plant in Gujarat.

The Economic Times

Quote of the day by Jensen Huang: 'It's very clear that AI is going to impact every industry. I think that every nation needs to...' - lessons on artificial intelligence, technology, global economy and how AI will transform every country by Nvidia CEO and GPU inventor

Quote of the day by Jensen Huang: Jensen Huang stresses AI's transformative power, urging nations to prioritize it in their strategies. He likens AI's impact to electricity and the internet, affecting every industry from healthcare to finance. Countries investing in AI research and infrastructure will likely lead global innovation and…

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The Guardian - AU

From Fiji to French Polynesia, how Pacific islands are uniquely vulnerable to the oil crisis

The reliance of island countries and territories on imported oil is expected to hit economic growth and increase inflation

Evening Standard

Make economic growth the number one priority, business group urges Swinney

CBI Scotland said Scotland is in a ‘race against time’ to deliver growth amid mounting pressures on the public purse.

The Economic Times

Congress says India needs ‘radical reset’ in economic policy, targets Narendra Modi govt

Indian National Congress has criticized the handling of India’s economy, accusing Prime Minister Narendra Modi of prioritizing elections over pressing economic challenges. The party claimed that rising inflation, slowing economic growth, and declining foreign investment are increasing concerns across sectors. Congress leaders also alleged that a climate of fear and…

Euronews

No country has ever developed without urbanising, World Bank economist tells Euronews at Baku forum

Urbanisation drives economic growth and job creation, a World Bank senior expert told Euronews at the World Urban Forum in Baku, but warned that Africa faces a financing gap that no single institution can fill alone.

Euronews

The UN has bad news for global growth as Middle East crisis continues

As the Middle East conflict drives up energy costs and clouds outlooks, the UN warns the world economy faces one of its weakest years since the 2008 financial crisis — with Europe among the hardest hit.

The Economic Times

UN cuts India's 2026 GDP forecast to 6.4 pc, still among fastest-growing economies

The United Nations has lowered India's economic growth forecast for 2026 to 6.4 percent. This adjustment reflects global uncertainties and economic shocks from the West Asia crisis. Despite this, India remains one of the world's fastest-growing major economies. The UN notes that India is not immune to these global challenges.

AAP

TAS:Tasmania economically growing - but so is its debt

Tasmania Premier Jeremy Rockliff says Treasury has tipped his state's economic growth to motor ahead in future years.

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