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The Latest Breaking News from Economic Growth

Schizophrenia being displayed at the IMF

It has taken far too long, but it seems that the International Monetary Fund has finally internalised some hard truths about sovereign-debt reduction. Chief among them is that growing economies have an easier time repaying. As such, fiscal consolidation -- the organisation's favoured strategy -- undermines efforts to reduce debt-to-GDP…

Bangkok Post

BJT pushes land bridge project in South

The Bhumjaithai Party is vowing to push for a "land bridge" that will connect the Andaman Sea with the Gulf of Thailand, saying the project will help spur economic growth in the South.

Bangkok Post

PM to kick off business conference aimed at boosting UK’s economic growth

Rishi Sunak said the Business Connect event would bring the UK’s biggest companies and investors together for ‘meaningful dialogue’.

The Independent UK

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Clock watching: meet the artist who thinks time is ruining our lives

‘Clock time’, all about productivity, money and economic growth, threatens to destroy us, says artist Jenny Odell. But there are other kinds of time, and we need to learn to embrace them

The Guardian - UK

Economic growth alone is not enough to end rabies: Study

According to a recent study from the University of Surrey, economic development may not be enough to achieve the internationally agreed-upon goal of eliminating human mortality from dog-mediated rabies. Read further on Dynamite News:

Dynamite News

Has Denver lost its edge? Colorado’s biggest counties are losing population

The entire northern Front Range, especially metro Denver, was a hot spot coming out of the Great Recession, drawing in young workers from all over the country. But that important driver of economic growth last decade looks like it has stalled and in some areas reversed.

The Denver Post

Why Saudi Arabia Transfered 4% of Aramco Shares to PIF Subsidiary?

Saudi Arabia's Crown Prince Mohammed bin Salman announced Sunday the transfer of a 4% stake of the oil giant Saudi Aramco to Sanabil Investments, a subsidiary of the kingdom's Public Investment Fund (PIF). Experts interviewed by Asharq Al-Awsat said the move supports PIF’s flexibility in capturing local and global investment…

Asharq Al-Awsat

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India Will Pass China to Be Most Populous Nation by Mid-2023

India is on track to surpass China by mid-2023 as the world’s most populous nation, United Nations data said Wednesday, raising questions about whether a booming, young Indian population will fuel economic growth for years to come. While India's 254 million people between ages 15 and 24 is the largest…

Asharq Al-Awsat

Trade summit 'to shape election manifestos and tackle UK's dire economic growth'

International campaign group Best for Britain has organised a conference in Birmingham to hear ideas which could influence parties' manifestos for the next election

Daily Mirror

IMF: Private Sector Investments Will Drive Saudi Economic Growth

Saudi Arabia’s budget will achieve more financial revenues following a production cut announced by the Kingdom with OPEC and its allies, according to the International Monetary Fund (IMF), thanks to higher crude prices. “The impact on the budget and on the external position relative to what we had projected is…

Asharq Al-Awsat

FTSE 100 racks up eighth day of gains despite rising insolvencies and unemployment – as it happened

More firms are at risk of tipping from ‘danger’ to ‘distress’, experts warn, as businesses are hit by soaring costs and weak economy

The Guardian - UK

Stock market today: Asia mixed despite China growth data

Asian shares are trading mixed Tuesday as pessimism about global uncertainties remained even as China reported a better-than-expected economic growth data

The Independent UK

Did the Reserve Bank's interest rate hikes put Australia's economy on a 'knife-edge'? A major consulting firm thinks so

A major consulting firm forecasts a "consumer recession" in 2023, warning hundreds of thousands of Australian households are bleeding cash every month.

ABC News

Asian shares mixed over economic growth, rate worries

Asian markets are trading mixed as worries continue about economic growth, even as some hopes were perked by a recent rise in U.S. bank issues

The Independent UK

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Caixin Global

Opinion: Sustainable Framework Needed for China’s Property Market

The country’s real estate industry has been a crucial driver of economic growth in the past two decades. Here’re some proposals to ensure its stability

ABC News

IMF warns Australian housing market at high risk of mortgage defaults ahead of global economic downturn

The International Monetary Fund says Australia has one of the greatest risks of mortgage defaults in the world, as it warns of a significant downturn in global economic growth for the year ahead.

France 24

Alibaba unveils chatbot as China tightens rules on AI

Alibaba is the latest tech company to enter the artificial intelligence race, as it unveils its own chatbot, Tongyi Qianwen. But it could face restrictions before even launching, as authorities in Beijing have outlined draft regulations to govern AI, including the stipulation that such platforms will reflect the core values…

Fortune

'The situation is quite fragile': The IMF just issued its weakest outlook for the world economy in 3 decades

The IMF is worried about a “hard landing,” with sticky inflation meaning the odds of a recession have “risen sharply.”

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The Independent UK

IMF: Prolonged high inflation dims outlook for world economy

The outlook for the world economy this year has dimmed in the face of chronically high inflation, rising interest rates and uncertainties resulting from the collapse of two big American banks

The Guardian - AU

Australia’s richest captured 93% of economic growth between 2009 financial crisis and Covid, paper shows

Wealthiest 10% captured growth in company profits while most Australians watched their real wages shrink, Australia Institute finds

The Guardian - AU

PM urged to ‘reset tone’ of voice debate – as it happened

This blog is now closed.

Asharq Al-Awsat

Calls for Credit References Collaboration to Prevent Financial Fraud in the Middle East

Credit reference agencies and financial institutions should cooperate to prevent financial fraud in the Middle East, especially the Gulf countries, which have become one of the world's important financial and economic centers, according to a financial expert. Comprehensive framework Director of Financial Crime Compliance and Payments, LexisNexis Risk Solutions, Jonny…

Asharq Al-Awsat

Egypt Expands the Beneficiaries of Initiative to Support Productive Sectors

Egyptian Finance Minister Mohamed Maait said there was no alternative to enhancing the contributions of industrial and agricultural production to the structure of economic growth. Maait announced the government’s plans to expand the base of beneficiaries of the initiative to support the productive sectors, industry, and agriculture by setting a…

The Conversation

Mental health plays a big role in advancing the economy - we need a measure beyond GDP

Indonesia is performing comparatively well in its economic growth amid the current global economic slowdown.

Bangkok Post

OECD predicts SE Asian growth to decline

Economic growth in Southeast Asia is forecast to drop from 5.6% in 2022 to 4.6% this year, pressured by weaker demand as the global economy slows, says the Organisation for Economic Co-operation and Development (OECD).

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