The Latest Breaking News from Economy

China's underwhelming 2023 economic growth target

The modest growth goals suggest China's economy may continue to weigh on global GDP.

Axios · Mar 7, 2023

OPINION - Rishi Sunak chases easy headlines on migrant boats at his political peril

Rishi Sunak inherited a political position from Liz Truss that was probably hopeless — but if he has any hope at all, he has two. The first hope, which it is not in his gift to control, is that the economy might turn in time and that he might take…

Evening Standard · Mar 7, 2023

From poster child to worst performing EU economy: how bad housing policy broke Sweden

High mortgage debt and a broken rental system is taking its toll on a country once seen as the example for others to follow, says Brett Christophers, an economic geography professor

The Guardian - UK · Mar 7, 2023

Yemeni Officials, Experts Call for Using New Saudi Deposit for Economic Reform

Yemenis are optimistic that a Saudi deposit in the Central Bank will contribute to economic recovery, stop the collapse of the local currency, and control prices, especially with the approach of the month of Ramadan. Saudi Arabia deposited $1 billion in the Central Bank of Yemen’s legitimate government, in a…

Asharq Al-Awsat · Mar 7, 2023

Will Russia sanctions dethrone ‘King Dollar’?

A flood of nations is trying to cut dependance on the dollar, fearing ‘weaponisation’ by the US. But it won’t be easy.

Al Jazeera · Mar 7, 2023

Powell to face Senate grilling on Fed rates and inflation

If measures of the U.S. economy keep coming in hot, as they did in January, the Federal Reserve will likely have to raise interest rates even higher than it has already signaled — and keep them there longer — Chair Jerome Powell will likely warn in testimony to Congress on…

The Independent UK · Mar 7, 2023

Bank of America CEO predicts ‘slight’ US recession this year

Bank of America CEO Brian Moynihan says he expects mild downturn in third quarter of 2023.

Al Jazeera · Mar 7, 2023

UK shoppers slash spending as price rises and energy bills bite

February figures from BRC highlight impact of cost of living crisis on British economy before budget

The Guardian - UK · Mar 7, 2023

McThai adds B100m to investment plan

McThai Co, the operator of McDonald's restaurants, has upgraded its investment plan, increasing spending to 300 million baht this year, up from 200 million in its earlier plan, after witnessing a recovery in consumption and the economy.

Bangkok Post · Mar 6, 2023

Asia's very complicated pause in interest rates

Interest-rate pauses aren't exactly in trouble, but things are beginning to look awkward for officials eyeing a decent break. World growth isn't falling off a cliff and inflation has failed to ease up quite as expected in some big economies. The more fortitude the expansion shows, the greater the risk…

Bangkok Post · Mar 6, 2023