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The Latest Breaking News from Economy

What NZ doesn't need – middle-aged, risk-averse Pākehā men with narrow backgrounds

Chris Hipkins refers to 'bread and butter issues', and Christopher Luxon fails to get beyond platitudinous National positions – Rod Oram asks, why are our politics so dismal?

Newsroom.co.nz

A Tale of Two Industrial Policies

How America and Europe can turn trade tensions into climate progress.

Foreign Affairs

US economy grows 2.9% in Q4 amid slowdown fears: Key takeaways

NEW DELHI: The world's biggest economy grew by 2.9% in the fourth quarter (Q4), data released by the US commerce department showed on Thursday.

The Times of India

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US GDP expands at healthy 2.9% pace while slowdown signs mount

The U.S. economy expanded at a healthy pace in the fourth quarter, though signs of slowing underlying demand mounted as the steepest interest-rate hikes in decades threaten growth this year.

Tribune News Service

3 Dividend Stocks With 5%-Plus Yields to Buy Now

Although inflation is showing signs of cooling, the chances of the economy escaping a recession are slim due to the Fed’s intention to keep raising interest rates. Amid the uncertain economic and market conditions, investing in high dividend-yielding stocks Honda Motor (HMC), Global Partners (GLP), and Karooooo (KARO) could add…

StockNews.com

EXPLAINER: How will we know if the U.S. is in recession?

A second consecutive quarter of economic growth underscored Thursday that the nation isn’t in a recession despite high inflation and the Federal Reserve’s fastest pace of interest rate hikes in four decades

The Independent UK

U.S. economy expands at 2.9% annual rate in fourth quarter

Over the calendar year, GDP grew by 2.1% in 2022.

Axios

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US economy slowed but still grew at 2.9% rate last quarter

The U.S. economy expanded at a 2.9% annual pace from October through December, ending 2022 with momentum despite the pressure of high interest rates and widespread fears of a looming recession

The Independent UK

The U.S. economy ended 2022 on a high note. This year is looking different

The U.S. economy grew at an annual rate of 2.9% in the final three months of last year — a surprisingly strong finish. But growth is expected to slow in 2023, and possibly even reverse.

WEKU

What tracking one Walmart store's prices for years taught us about the economy

Inside our shopping cart is a story of global trade, extreme weather, shrinking packages and rising prices.

WEKU

Yemeni Government Asserts Need to Accelerate Reforms to Protect Economy, Currency

The Yemeni government on Thursday stressed the need to accelerate the adopted reforms to protect the economy and the local currency. The cabinet asserted its commitment to rationalizing spending and ensuring that the population is not affected by the measures taken to increase revenues. Prime Minister Maeen Abdulmalik chaired a…

Asharq Al-Awsat

Pakistan seeks U.S. help in unlocking $1.1 billion IMF loan - Dawn

Pakistan has sought support from Washington to unlock a stalled International Monetary Fund programme that would release $1.1 billion to its strained economy as the country rebuilds after last year's devastating floods, Dawn newspaper said on Thursday.

Reuters

NEOM CEO: We Will Be Model for New Economy Modern Projects, Cities

NEOM will be a model for modern projects and cities that represent the focus of the new economy, said CEO Nadhmi Al-Nasr. It will do so by embracing many different companies and industries while attracting qualitative foreign investments. Al-Nasr pointed to NEOM’s efforts in implementing a circular economy based on…

Asharq Al-Awsat

Egypt Economic Growth Seen Quicker than Government Forecast

Egypt's economy will grow 4.8 percent in the current fiscal year, faster than predicted by the government, but will not meet government targets over the medium term, a Reuters poll showed on Wednesday. The predictions follow the approval last month of a $3 billion financial rescue package from the International…

Asharq Al-Awsat

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The Guardian - UK

US economy grows faster than expected; Royal Mail resumes some overseas deliveries – as it happened

Growth of 2.9% suggests a soft landing despite rate rises, say some analysts, as others still forecast a ‘mild recession’

WEKU

Opium farming surges in Myanmar since the military coup, the U.N. says

The production of opium in Myanmar has flourished since the military's seizure of power as the faltering economy has led more people toward the drug trade, according to a new United Nations report.

The Independent UK

AP News Digest 3:20 am

Here are the AP’s latest coverage plans, top stories and promotable content. All times EST. For up-to-the minute information on AP’s coverage, visit Coverage Plan.

The Independent UK

Israel's high-tech economic engine balks at govt policies

Israel’s tech industry has long been the driving force behind the country’s economy

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news in one place.

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Asharq Al-Awsat

US Growth Expected to Slow in Fourth Quarter as Downturn Fears Loom

The US economy is forecast to have grown but at a slower pace in the final months of 2022, helped by consumption and business investment although recession fears loom. Economic activity has been easing as the US central bank hiked the benchmark lending rate seven times last year, in hopes…

Reuters

China's open borders and push to stoke economy may revive dealmaking, advisers say

China's reopened borders and renewed focus on boosting the sagging economy have brightened the deals outlook, with bankers starting to field interest for mergers, acquisitions and fundraising involving the world's second-largest economy.

The Guardian - UK

Britain, here’s a plan: stop applying old fixes to new problems. And stop obsessing about growth

Crises in productivity and wealth inequality won’t be solved with ideas from the 80s, says the author and historian David Edgerton

The Independent UK

UN forecasts fall in global economic growth to 1.9% in 2023

The United Nations is forecasting that global economic growth will fall significantly to 1.9% this year

Al Jazeera

Opium cultivation surges since Myanmar military seized power: UN

Opium poppy was cultivated on more than 40,000 hectares in Myanmar last year, a 33 percent increase compared with 2021.

Bangkok Post

Philippines shakes off inflation for best growth since 1976

The Philippines weathered the fastest inflation and highest policy rate in 14 years to deliver one of Asia’s strongest expansions, shoring up the economy by the most in decades amid a bleak global outlook.

Bangkok Post

Putting a dampener on Thai recovery

After three years in which the economy suffered from Covid effects, I am sorry to say that 2023 will not be the year of economic recovery as everyone had hoped. The global economy will still be plagued by inflation threats and several adverse factors such as excessive debt and the…

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