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The Latest Breaking News from Economic Growth

Tax cuts rumoured but the UK's autumn statement will offer little economic comfort

The UK chancellor’s autumn statement is likely to be relatively uneventful – yet extremely significant. Although some headline-seeking tax cuts are rumoured, sluggish economic growth and persistent inflation leave little scope for major policy announcements.

The Conversation

India: A powerhouse on two fronts - cricket and economy

In the heart of the subcontinent lies a nation that has seamlessly woven its destiny on the fields of cricket and the battlegrounds of economic growth. India, with its billion-plus population, stands tall as the future of both cricket and economic prosperity, drawing uncanny parallels between the two domains.

The Times of India

Weekly Must-Read: Chinese Consumers Deluged With Cheap Loans

Banks are undercutting each other amid the government’s calls to support consumption and economic growth

Caixin Global

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China's economy shows sparks of life, despite persisting weakness in troubled real estate sector

China has reported its economic growth showed more signs of rekindling in October as retail sales and factory output picked up even though the property sector remained sluggish

The Independent UK

Overcoming the climate crisis with trade-based strategies

Global warming is making weather patterns more extreme and increasing inequalities across regions. However, economic growth is still possible, with economies showing a range of responses to the impacts of global heating.

The Conversation

Law and order and the economy are focus of the British government's King's Speech

Britain’s Conservative government is setting out a pre-election policy slate including tougher sentences for criminals and measures to tame inflation and boost economic growth

The Independent UK

Cathie Wood Warns Of Inverted Yield Curve, Signals Slower Economic Growth

Ark Investment Management's Cathie Wood discusses bond yields and deflationary signals

Zenger

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The 'drums of war' are receding, but Anthony Albanese still faces many uncertainties on his trip to China

Fifty years ago this week, Prime Minister Gough Whitlam visited the People’s Republic of China, establishing a relationship that has become mutually beneficial in terms of economic growth and development to both China and Australia.

The Conversation

Will Fed Chair Powell Signal Higher for Longer Interest Rates?

The Federal Open Market Committee (FOMC) later today is widely expected to hold interest rates steady for a second meeting while also leaving the possibility of a 25 bp rate hike at the December meeting if U.S. economic growth remains buoyant. The FOMC’s rate decision and post-meeting press conference by...

Barchart

Powell likely to underscore inflation concerns even as Fed leaves key rate unchanged

For the first time in nearly two years, the Federal Reserve is set Wednesday to keep its key short-term interest rate unchanged for a second straight policy meeting — the clearest sign to date that the Fed is edging closer to the end of its rate-hiking campaign

The Independent UK

US consumers keep spending briskly even in the face of persistent inflation and high interest rates

An inflation gauge that is closely monitored by the Federal Reserve showed price increases remained elevated in September amid brisk consumer spending and strong economic growth

The Independent UK

Joe Biden is taking a victory lap after the latest blowout GDP report and says the much-feared recession is canceled, but Wall Street is dubious

The Biden administration celebrated the surge in U.S. GDP growth Thursday, but economists and analysts warn it could be the last hurrah for an ailing economy.

Fortune

Here’s the climate movement’s biggest mistake since the 1970s, according to the climate scientist who won the Nobel Prize alongside Al Gore

“One of our signal failures, decades ago, was to accept the false choice pitting climate change mitigation against economic growth.”

Fortune

UK Board of Trustees pushing school to prepare the state’s workforce

The Board discussed recent statewide economic growth and marketing opportunities during their annual retreat

WEKU

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Evening Standard

The key to £98bn of economic growth could be right in front of us

City Voices: There’s a huge opportunity being missed

The Conversation

How the Israel-Hamas war could affect the world economy and worsen global trade tensions

Global geopolitical tensions often play a pivotal role in shaping people’s perceptions of economic growth. Research shows concern about such issues can cause people and businesses to become more cautious about spending and investing, which can ultimately lead to economic recession.

The Independent UK

Broad rise in wealth has boosted most US households since 2020 and helped sustain economic growth

The net worth of the typical U.S. household grew at the fastest pace in more than three decades from 2019 through 2022, while low interest rates made it easier for households to pay their debts

The Independent UK

China's economic growth slows to 4.9% in third quarter, amid muted demand and deflationary pressures

China’s economy slowed in the third quarter, amid muted global demand, deflationary pressures and an ailing property sector

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The Guardian - UK

England’s biggest cities should introduce congestion charges, says commission

Government advisers say congested roads and inadequate public transport constrain economic growth

Foreign Policy

Netanyahu Hasn't Just Lost His Credibility on Security

The prime minister’s image has long depended on keeping Israelis safe and promoting economic growth. Polls show he’s in trouble.

Evening Standard

OPINION - Should Britain's almighty Treasury be broken up?

In the mid-1980s, Labour leader Neil Kinnock was considering splitting the Treasury in two, with one half focussed on its responsibility as a finance department and the other on economic growth. He asked his shadow chancellor, Roy Hattersley, which department he would like to lead in government. Hattersley replied: "Whichever…

The Guardian - UK

Tories have no room for tax cuts despite £52bn a year stealth rise, says IFS

UK stuck between weak economic growth and risk of persistently high inflation, says thinktank

The Hindu

Education a tool to engineer social change, says Siddaramaiah

CM Siddaramaiah stressed the importance of education to fight caste system & promote social justice & equality. He said education can bring about change & dynamism for social progress & economic growth. He also praised the contributions of Nalwadi Krishnaraja Wadiyar & Diwans to the development of Mysuru in education,…

The Conversation

Inequality: troubling trends and why economic growth in Africa is key to reducing global disparities

Inequality remains on the top of the policy priority list for most countries in the world. Branko Milanovic, a leading scholar on inequality, recently delivered a lecture titled “Recent changes in the global income distribution and their political implications” at the University of the Witwatersrand in Johannesburg. Imraan Valodia asked…

The Independent UK

IMF sees economic growth in the Mideast improving next year. But the Israel-Hamas war poses risks

The International Monetary Fund says Middle East economies are gradually recovering as external shocks from the war in Ukraine and global inflation fade

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