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The Latest Breaking News from Economy

Part 1: The country needs to change

Before I start the article, I would like to report that Thailand's economic performance in January 2023 was no better than the last quarter of 2022, when GDP growth was merely 1.4%.

Bangkok Post · Mar 8, 2023

Arkhom cools concern

The economy is not overheating and authorities can control inflation rates, says Finance Minister Arkhom Termpittayapaisith.

Bangkok Post · Mar 8, 2023

'It really shouldn't be this way': Top economist Mohamed El-Erian blames the Fed for bad messaging and stock volatility

Fed's Jerome Powell hinted in February that inflation hikes would slow because disinflation was underway. But on Tuesday, he seemed to backtrack.

Fortune · Mar 8, 2023

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Wall Street’s most successful hedge fund just politely told the Fed to shut up

Citadel's Ken Griffin said the Fed cannot work magic, so it must avoid making its job of tackling inflation harder by confusing markets.

Fortune · Mar 8, 2023

Sage and L&G chief execs join calls for Government to boost business investment

The prominent company leaders say more needs to be done to encourage businesses to invest and improve productivity

Birmingham Post · Mar 8, 2023

Keep interest rates at 4% to help UK households, urges Bank of England policymaker

With inflation cooling rate-setter Swati Dhingra says higher borrowing costs pose ‘material risk’ to already-weak economy

The Guardian - UK · Mar 8, 2023

The unsung heroes of the American economy: Grandmothers

What would happen if grandmothers weren't available to fill the childcare gap?

Fortune · Mar 8, 2023

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Will UK, EU deepen ties after Northern Ireland breakthrough?

After years of vexed negotiations, few predicted a new Brexit deal on Northern Ireland. But not only did the February 27 agreement offer a genuine resolution of the thorny border problem – it also marked a big change in the ambience surrounding UK-EU relations. Some analysts say the war in…

France 24 · Mar 8, 2023

Targeted measures can better tackle inflation, instead of lifting interest rates

Over 2022 consumer prices increased by 7.8 per cent, about three times as fast as the RBA's target range of 2 to 3 per cent for inflation.

The New Daily · Mar 8, 2023

Wang Tao: Takeaways From China’s Government Work Report

UBS has upgraded its GDP growth forecast for the country to 5.4% for 2023 and 5.2% for 2024

Caixin Global · Mar 8, 2023

L&G boss Wilson blasts ‘political infighting’ for our ‘low-wage, low-growth’ economy

“We’ve starved our economy of equity...we need the government to step up” City chief warns

Evening Standard · Mar 8, 2023

Factbox-China moves towards digital economy dream with national data bureau

China has announced plans for a national data bureau, describing it as part of an effort to coordinate data resources in the country and to achieve a vision of "digital China" conceived by President Xi Jinping.

Reuters · Mar 8, 2023

Two-thirds of UK women say childcare duties affected career progression

BCC says tackling barriers to work such as soaring childcare cost vital for a strong economy as well as equality

The Guardian - UK · Mar 8, 2023

Economy Minister Vaughan Gething salutes Welsh export champions

The Welsh Government is here to support Welsh firms seeking to win orders overseas

Birmingham Post · Mar 8, 2023

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The Independent UK · Mar 8, 2023

SNP’s Stephen Flynn warns PM and Keir Starmer over ‘cowardly’ stance on Brexit

Mr Flynn said: ‘What they’re ignoring is the real damage that it’s causing to the economy and that’s particularly the case in Scotland.’

Tribune News Service · Mar 8, 2023

Debt limit action needed by mid-August, analysts warn. Here are 5 possible scenarios

WASHINGTON — Economists at Moody’s Analytics estimate that the Treasury Department will run out of borrowing room by mid-August if Congress doesn’t act to raise or suspend the statutory debt limit by then.

Fortune · Mar 7, 2023

Larry Summers says lower spending spells out a recession

A recession is still more likely than not, and it may have to do with how much Americans are spending, the former treasury secretary says.

Bangkok Post · Mar 7, 2023

Shippers seek 1-2% export growth this year

Despite a host of risk factors, including an uncertain global economy and relatively volatile energy prices, the national shipping group still hopes to stimulate export growth of 1-2% this year.

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StockNews.com · Mar 7, 2023

2 Best ETFs to Buy and Hold in 2023

While the interest rates will likely rise more than previously expected, many analysts expect the economy to achieve a soft landing this year. Hence, buying and holding quality ETFs Vanguard Developed Markets (VEA) and Mortgage-Backed Securities (VMBS) could be wise this year. Continue reading….

StockNews.com · Mar 7, 2023

Close to Retiring? These 3 Stocks Are as Safe as They Come

The Fed’s potential higher-than-expected interest rate hikes have fueled concerns among investors about a mild recession. Hence, fundamentally stable and dividend-paying stocks Walmart (WMT), BHP Group (BHP), and American Vanguard (AVD) could be particularly enticing for those nearing retirement and seeking security in their investment approach. Read more….

Asharq Al-Awsat · Mar 7, 2023

Emir of Qatar Meets with Saudi Minister of Economy and Planning

Emir of Qatar Sheikh Tamim bin Hamad Al Thani received on Tuesday Saudi Minister of Economy and Planning Faisal bin Fadhil Al-Ibrahim on the sidelines of the Fifth United Nations Conference on the Least Developed Countries (LDC5), which is being held in Doha, reported the Saudi Press Agency. The minister…

The Times of India · Mar 7, 2023

Explainer: What is 'Hindu rate of growth' and why Raghuram Rajan's remarks may be 'premature'

NEW DELHI: India's gross domestic product (GDP) data for the third quarter (October-December 2022) received a word of caution from the former Reserve Bank of India (RBI) governor Raghuram Rajan.

The Independent UK · Mar 7, 2023

US economy sending mixed signals: Here's what it all means

For a few weeks in late January and early February, the U.S. economy seemed to have reached a rare sweet spot

The Guardian - UK · Mar 7, 2023

Jürgen Maier: the Anglo-Austrian invested in rebuilding northern England’s economy

The former Siemens boss is passionate about levelling up the UK’s regions, but fears the current government doesn’t share his vision of a long-term business partnership

The Guardian - AU · Mar 7, 2023

Car wrecks, pay cheques and puppy palaces: the fringes of the share economy

From boats to backyards, peer-to-peer lending services have gone well beyond spare rooms. While renting your assets to strangers can be lucrative, there are risks

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