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The Latest Breaking News from World Bank

Lebanon to take out $116m in loans for ailing electric grid

Lebanon’s caretaker government has approved opening credit lines totaling $116 million to help fix its crippled state electricity grid

The Independent UK

These Are the 3 Best Stocks on Wall Street to Buy Now

Although inflation moderated for the sixth consecutive month in December, a recession is still likely as the Fed is expected to keep raising rates this year. Amid an uncertain economic backdrop, fundamentally strong and popular stocks on Wall Street, Microsoft (MSFT), Pfizer (PFE), and AT&T (T), could make ideal additions…

StockNews.com

China’s economy slows sharply with GDP growth among worst on record

The economy grew 3% in 2022, exceeding some forecasts, but still well below China’s official target for the year

The Guardian - AU

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One year after volcanic blast, many of Tonga's reefs lie silent

(Corrects word in headline, paragraph 4 to fix timeline.)

Reuters

The World Needs More Nuclear Power

Why the World Bank needs to get in the game.

Foreign Affairs

3 Large-Cap Stocks Worth Buying in 2023

With the Fed signaling to continue raising interest rates throughout this year, the probability of the economy tipping into a recession is increasing. Amid the macroeconomic unrest, fundamentally sound large-cap stocks UnitedHealth Group (UNH), Walmart (WMT), and Eli Lilly (LLY) might be safe investments this year. Read on….

StockNews.com

World 'on brink' of recession

WASHINGTON: The World Bank slashed its 2023 growth forecasts on Tuesday to levels teetering on the brink of recession for many countries as the impact of central bank rate hikes intensifies, Russia's war in Ukraine continues, and the world's major economic engines sputter.

Bangkok Post

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Signs of economic slowdown alarming

The Thai government, businesses, and citizens are cherishing the news of returning Chinese tourists with the first group of 286 passengers who arrived on Monday. The Tourism Authority of Thailand estimates that 5 million Chinese tourists will visit our country this year, bringing with them 250 billion baht in spending…

Bangkok Post

Egyptian Inflation Reaches Highest Level in 5Y, IMF Expects a Decline After 2Y

Egypt's annual urban consumer inflation rose sharply in December to 21.3 percent, its highest level in five years, according to Central Agency for Public Mobilization and Statistics (CAPMAS). The inflation rate in December was the highest since 2017 when it reached 21.9 percent. The rise from 18.7 percent in November…

Asharq Al-Awsat

World Bank cuts Pakistan’s GDP growth projection to 2 percent

Predicting a difficult year ahead, bank revises nation’s growth from 4 percent last year to 2 percent in current fiscal.

Al Jazeera

French pension reform plans raise concern among manual workers

The French government's plan to raise the retirement age from 62 to 64 has many people worried, especially those who work in physically demanding professions. Though the government says there will be possibilities for early retirement based on working conditions, we meet French metalworkers who remain concerned about their future.…

France 24

ASX gains despite higher inflation, job-vacancies dip, and World Bank warns of looming recession — as it happened

The cost of living continues to climb and employers are still scrambling to find workers, but the Australian share market has jumped 1 per cent thanks to big miners and a rise on Wall Street.

ABC News

World Bank warns of trigger to global recession as economies on the brink

The world is teetering on the brink of recession — the first time in more than 80 years that two global recessions have occurred within the same decade,

The New Daily

World Bank: Recession a Looming Threat for Global Economy

The global economy will come “perilously close" to a recession this year, led by weaker growth in all the world's top economies — the United States, Europe and China — the World Bank warned on Tuesday. In an annual report, the World Bank, which lends money to poorer countries for…

Asharq Al-Awsat

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The Times of India

World Bank forecasts India's FY23 GDP at 6.9%; warns of global recession

NEW DELHI: The World Bank on Tuesday retained India's economic growth at 6.9% for financial year 2022-23.

The Independent UK

World Bank warning: Global economy is at risk of recession

The global economy will come “perilously close” to a recession this year, led by weaker growth in all the world’s top economies — the United States, Europe and China — the World Bank warns

Fortune

Economists see a silver lining to China’s COVID chaos: better-than-expected 2023 economic growth

Banks are raising their forecasts for China's 2023 GDP growth, even as the country endures a massive COVID wave.

Asharq Al-Awsat

Riyadh to Host Int’l Conference on Future of Strategic Minerals

Saudi Arabia will host on Tuesday a round-table meeting of ministers concerned with mining affairs, to discuss the means to build a conscious global mineral sector that meets the increasing demand for strategic minerals. Sixty countries, represented by 40 ministers and 18 high-level officials, will participate in the meeting, along…

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The News Lens

Thailand Welcomes Tourism, Economic Progress, Looks Ahead to 2023 Elections

Experts say the elections could promote further economic growth and create stability for the kingdom.

Salon

War accelerating clean energy adoption

Call it the Putin effect: Russia’s war is speeding up the global shift away from fossil fuels

Dynamite News

South Kashmir's Longest Bridge To Be Commissioned Soon In Kulgam

The construction of south Kashmir's longest bridge in Kulgam district is in the final stages and this bridge will be thrown open for commuters next month, an official said on Wednesday. Read on for details:

Bangkok Post

Adaptability is key to national survival

Covid-19. Technological disruption. Climate crisis. These have happened at a rapid pace that challenges the adaptability of people around the world. Is Thailand prepared to withstand these challenges? Ask the children -- the future of the country -- and their answers, according to the 2018 PISA Survey of 15-year-old children…

The Times of India

Inflation, growth, budget & more: 10 factors that may impact the Indian economy in 2023

NEW DELHI: The year 2022 posed severe challenges for the economy since the beginning. With cases of Covid-19 receding after 2 years of mayhem, this year was being watched as a good opportunity for the economies to recover completely from the pandemic slump.

Reuters

Exclusive-World Bank seeks more funds to address climate change, other crises -document

The World Bank is seeking to vastly expand its lending capacity to address climate change and other global crises and will negotiate with shareholders ahead of April meetings on proposals that include a capital increase and new lending tools, according to an "evolution roadmap" seen by Reuters on Monday.

Bangkok Post

State key to stimulating expansion

The acceleration of state investment in 2023 should provide a tailwind to propel economic growth momentum, says Finance Minister Arkhom Termpittayapaisith.

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Mangeet Kaur BounsMangeet

Arkhom Termpittayapaisith

Thitinan Pongsudhirak

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