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The Latest Breaking News from Economic Growth

Growth, ore prices to swell WA budget surplus to $3.7b

A $3.7 billion operating surplus for 2023/24 has been projected by the WA government, up from May's $3.3 billion amid the highest economic growth in nine years.

AAP

Kishida says Japan is ready to lead Asia in achieving decarbonization and energy security

Japan’s Prime Minister Fumio Kishida has pledged to lead efforts to simultaneously achieve decarbonization, economic growth and energy security in Asia

The Independent UK

Greece Anticipates Increased Growth with 2024 Budget Pass

In an exhilarating leap towards progress, Greece paints a vibrant future; passing the 2024 budget with a promising forecast of amplified economic growth.

Top News

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Acceleration foretold: On volatile food prices

The onus is squarely on the government to help temper inflation, or risk suffering an erosion in broader consumption and economic growth

The Hindu

Will China’s New Stimulus Measures Revive Market Confidence?

The Chinese government continues to offer measures to spur economic growth in an attempt to bolster confidence in the economy. China today pumped a record amount of cash into the financial system to boost liquidity while also expanding support measures to aid its troubled property sector. However, the market reaction...

Barchart

Bonds Prices Rally: How High Can They Rise?

The long bond futures reached a sixteen-year low in October 2023. Rising short-term Fed Funds rates and quantitative tightening caused bonds to fall and rates to rise, choking economic growth. Higher rates weighed on the stock market and other asset classes over the past months. However, bonds have recovered since…

Barchart

Here are the big stories from Karnataka today

Karnataka Today newsletter: Five guarantees to boost economic growth in short run, and more

The Hindu

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Five guarantees will boost economic growth in short run, says Mid Year Review of State Finances in Karnataka

Karnataka's guarantee schemes to support underprivileged positively influencing economy & boosting GSDP.

The Hindu

Signals are flashing red for Rishi Sunak’s economic growth pledge

Bank of England and Niesr have not forecast a recession but October fall in GDP may suggest one is on the way

The Guardian - UK

The EU wants to put a tax on emissions from imports. It's irked some other nations at COP28

The European Union’s plan to impose a tax on the carbon pollution emitted to make goods imported from countries like India and China has sparked a debate at the United Nations climate conference in Dubai, as poorer countries argue that the tax will harm livelihoods and economic growth

The Independent UK

How club racing proved resilient in 2023

Stubbornly high inflation, a squeeze on incomes and weak economic growth. The UK’s financial situation during 2023 does not exactly sound like the ideal conditions for motorsport to thrive. And yet, there have been encouraging signs of resilience in the club racing world, with some impressive entries over the past…

Autosport

4 east African countries are going for nuclear power – why this is a bad idea

The east Africa region has the fastest growing population in Africa. Between 2013 and 2017, its growth rate was twice the African average. The region is also experiencing strong economic growth. It’s sub-Saharan share of GDP has risen from 14% in 2000 to 21% in 2022.

The Conversation

The 7 charts that show Australians struggling as saving falls to near zero

The national accounts released by the Australian Bureau of Statistics show economic growth slid to a measly 0.2% in the last quarter.

The Conversation

Moody's cuts China credit outlook to negative, cites slowing economic growth, property crisis

Credit rating agency Moody’s has downgraded its outlook for Chinese sovereign bonds to negative, citing risks from a slowing economy and a crisis in its property sector

The Independent UK

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International Business Times

Spotify Cuts Around 1,500 Jobs As Growth Slows

Music streaming giant Spotify said Monday it would reduce its number of employees by around 17 percent in a bid to cut costs amid "dramatically" slower economic growth.

The Hindu

How long at work?

Employees in India are expected to work long hours, but is this the best way to fuel economic growth? Examining the philosophy behind this idea, it is clear that India's development journey has skipped a step, limiting job opportunities and holding the country back from becoming developed. The solution proposed…

The Guardian - UK

Are young people poised to slam the brake on endless economic growth?

The climate and cost of living crises make belief in expanding GDPs look as stale as last year’s mince pies. But when central governments rely on consumerism to shore up spending, it will be hard for ‘degrowth’ to gain any traction

International Business Times

Inflation, Unemployment Weigh On DR Congo Leader's Economic Gains

President Felix Tshisekedi, who once vowed to transform DR Congo into "the Germany of Africa", has promised to create jobs if he is re-elected, after a first term marked by economic growth but soaring inflation.

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The Independent UK

Federal Reserve's preferred inflation gauge shows price pressures continuing to cool

The Federal Reserve’s preferred inflation measure cooled last month, the latest sign that price pressures are waning in the face of high interest rates and moderating economic growth

International Business Times UK

Bank of England Warns of Potential Market Correction Amidst Economic Uncertainties

The House of Lords Economic Affairs Committee released a report that critiques the Bank of England's scope of operation amidst the current cost of living crisis.

International Business Times UK

Central Banks Risk Tipping UK and Other Developed Countries Into Recession

The report highlights the risk of a vicious cycle, where low interest rates fail to stimulate meaningful economic growth and cause a recession.

The Independent UK

Blow for Rishi Sunak as UK to have second-slowest growth in G7

The OECD slashes its economic growth forecast for UK, while increasing expected inflation rate

The Hindu

Air connectivity being planned for Thanjavur

TN govt working to get passenger air connectivity for Thanjavur. Industries Minister T.R.B. Rajaa met Defence Secretary & Civil Aviation Sec. to expedite work. AAI has 26.5 acres of land & proposed to develop airport as civil enclave. TN govt helping to construct 4-lane approach road. Project to boost economic…

inkl

Economic Productivity Through the Lens of Global Tax Policy

In the realm of global economics, the interplay between taxation and productivity forms a complex tapestry, with each country weaving its unique pattern.

Evening Standard

Autumn Statement: Jeremy Hunt to 'give back' some of the extra billions he's getting from taxes, says top Tory

The Chancellor will also promise dozens of measures to boost economic growth

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