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The Latest Breaking News from Economic Growth

Egypt Lowers Its Economic Growth Forecast to 4.2% In 2022/23

Egypt’s economy is expected to grow 4.2 percent in the current fiscal year ending in June, the cabinet said on Tuesday, much less than previously forecast. Gross domestic product grew by 3.9 percent in October-December, the second quarter of the fiscal year, while the unemployment rate fell to 7.2 percent,…

Asharq Al-Awsat

The booming American Sunbelt may be a victim of its own success as soaring traffic congestion jeopardizes economic growth

Miami, Las Vegas, and Nashville are growing rapidly, contributing to traffic gridlock.

Fortune

Starmer: Labour’s plan for economic growth will be transformational for Scotland

The party leader was speaking during a visit to Glasgow on Friday.

The Independent UK

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Oil Headed for Worst Weekly Drop since Feb on US Slowdown Fears

Oil fell for a fourth session on Friday, heading for its biggest weekly loss in five weeks on worries about the prospect of steep interest rate hikes in the United States slowing economic growth and hitting fuel demand. Brent dipped 39 cents, or 0.5%, to $81.20 a barrel by 0745…

Asharq Al-Awsat

Economic growth doesn't have to mean 'more' – consuming 'better' will also protect the planet

Around 30 years ago, many developed countries started a process of absolute decoupling of their emissions of CO₂ and energy use from economic growth. This means keeping emissions stable, or better yet, shrinking them, while still growing the economy.

The Conversation

'Invest in her': Number of female-led startups increases in France

The 2023 edition of International Women's Day has highlighted digital inequality, but also how innovation and technology can empower women and girls, and contribute to economic growth. In France, the number of female entrepreneurs in the tech sector is increasing, but they still lag behind their male counterparts. For more,…

France 24

Brazil tax reform seen boosting long-term economic growth, official says

A proposed tax reform in Brazil will likely generate additional economic growth of 12% over the next 15 years, the special secretary for tax reform, Bernard Appy, said on Wednesday.

Reuters

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China's underwhelming 2023 economic growth target

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

Axios

China's trade contracts as Western demand weakens

China’s trade contracted again in January and February as U.S. and European demand weakened in the face of interest rate hikes, adding to pressure on official efforts to revive economic growth following the end of anti-virus controls

The Independent UK

TAT unfazed by giveaways

Many countries in Asia recently announced giveaway campaigns to bolster their tourism industry, aiming to drive post-pandemic economic growth.

Bangkok Post

China aims for 'economic stability' in 2023 with 5% GDP growth target

With China's National People's Congress underway, the government has set out what many are calling an achievable target for economic growth in 2023. The 5 percent objective is the lowest in over three decades and comes as Beijing has lifted most of the restrictions set up during the Covid-19 pandemic.…

France 24

Shadow chancellor says Tories ‘squandering’ economic potential as cost-of-living crisis ‘number one concern’

Rachel Reeves said the UK is the ‘only G7 economy that’s still smaller than it was before the pandemic’

The Independent UK

Shadow chancellor accuses Tories of ‘squandering’ UK’s economic potential

Rachel Reeves said the UK is the ‘only G7 economy that’s still smaller than it was before the pandemic’.

The Independent UK

China sets economic growth target of 5% as parliament opens

China’s parliament set to hand Xi Jinping third term as president and implement biggest government shake-up in a decade.

Al Jazeera

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The Independent UK

China sets this year's economic growth target at 'around 5%'

China’s government has set this year’s economic growth target at “around 5%” as it tries to rebuild business activity following the end of anti-virus controls that kept millions of people at home

France 24

Chinese economy in spotlight as Beijing prepares for National People's Congress

The Chinese Communist Party is expected to unveil its lowest economic growth target in decades amid an ongoing slump in the country's real estate market. Also on the show: Mexico plans food tariff cuts to confront high inflation, and Franco-Angolan business ties take centre stage as President Emmanuel Macron visits…

The Conversation

Economic growth is fuelling climate change – a new book proposes 'degrowth communism' as the solution

I’m often told that degrowth, the planned downscaling of production and consumption to reduce the pressure on Earth’s ecosystems, is a tough sell. But a 36-year-old associate professor at Tokyo University has made a name for himself arguing that “degrowth communism” could halt the escalating climate emergency.

Bangkok Post

SC targeting B150bn in revenue by 2027

SET-listed developer SC Asset Corporation Plc has confidence in economic growth over the next four years as it aims for a combined revenue of 150 billion baht between 2023 and 2027.

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news in one place.

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Asharq Al-Awsat

Moody’s Upgrades Saudi Economy Growth Forecast

Global credit rating agency Moody’s has raised the Kingdom’s growth forecast to 2.5 percent for the current year from its last estimation of 1.7 percent, backed by moderate levels of debt and large financial reserves, in addition to its huge oil reserves. For next year, it has elevated the expansion…

The New Daily

Economists back tourists and international students to keep Australia out of recession

Sharp interest rate hikes are putting families under pressure, slowing economic growth, but a tourism rebound is providing recession optimism.

ABC News

'Recession risks are rising' but the latest GDP numbers are expected to show 'solid' growth

The latest economic growth figures are expected to show a robust economy. But the outlook for 2023 is far less rosy, warn many analysts.

AAP

Australia's economy grows 0.5 per cent in Dec quarter

Australian Bureau of Statistics figures show the domestic economy expanded by 0.5 per cent in the fourth quarter, which was softer than expected.

The New Daily

‘Million-dollar question’: All eyes on consumer wallets as experts predict robust growth figures

Fears of a recession in early-2023 are set to be eased on Wednesday as experts prepare for robust economic growth.

The Guardian - UK

Panic-bought veg is destined for the bin

Letters: Food shortage reports | Partygate legal fees | The downside of economic growth | Consultants v rhinos | Reaching middle age

The Independent UK

Watch as Keir Starmer reveals plan to grow Britain’s economy ahead of Sunak’s Brexit talks

Watch as Keir Starmer delivers a speech in London on the UK's economic growth.

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