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The Latest Breaking News from Economic Growth

A very different country: 2060s Australia as seen by the Intergenerational Report

The Australia of the 2060s will be very different from the one we know today. It will be older, with slower economic growth, a big “care” economy, and an export sector that is radically transformed due to the imperatives of climate change.

The Conversation

Surprisingly durable US economy poses key question: Are we facing higher-for-longer interest rates?

A year ago, Chair Jerome Powell warned that to fight high inflation, the Federal Reserve would continue to sharply raise interest rates, bringing “some pain” in the form of job losses and weaker economic growth

The Independent UK

New water plan announced – as it happened

This blog is now closed.

The Guardian - AU

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China's Industrial Policy Is Failing. Will American Politicians Take Notice?

Panic over China's rapid economic growth has fueled all manner of big-government proposals. They're looking even more foolish now.

Reason

New faces in Cambodia's parliament as king welcomes incoming lawmakers

Cambodia’s king has congratulated the country’s new lawmakers and urged them to promote economic growth and equality

The Independent UK

Last decade saw Australia’s lowest productivity growth in 60 years, intergenerational report says

Labor to lay out new economic growth plans in response including focus on digital technologies and aiming to become a ‘renewable energy super power’

The Guardian - AU

Indian economy shining as beacon of hope in challenging times, says PM Modi

PM Modi hails Moneycontrol's 'Bullish on India' campaign, says India's economy is shining as a beacon of hope, setting stage for optimism. Campaign seeks to analyse key drivers of India's economic growth, foster awareness of nation's potential in face of global economic slowdown.

The Hindu

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Centre aims to have at least one medical college in each district of the country: Union Minister V.K. Singh

Union Minister V.K. Singh said medical colleges should be set up in each district to provide practical sessions for students. Union govt. is confident of India's economic growth & has received investments from 162 countries. G. Viswanathan, founder-chancellor of VIT, urged Union govt. to increase funds for higher edu. &…

The Hindu

How gender inequality is hindering Japan's economic growth

Japan’s economy is under pressure from rising energy prices and defence costs and the impact of the pandemic. Plummeting birth rates and an ageing population further threaten the sustainability of its labour market. A 2023 study by independent thinktank the Recruit Works Institute points to a labour supply shortage of…

The Conversation

2 Chinese Stocks to Buy Now, Despite Economic Growth Concerns

While China's economic growth has disappointed in 2023, Alibaba and Xpeng Motors are two attractively priced Chinese stocks worth buying at current levels.

Barchart

A surge foretold: On inflation data

Authorities need to act in concert to tame inflation before it undermines India’s broader consumption and economic growth

The Hindu

Japanese economic growth surges on strong exports and tourism

Japan’s economic growth jumped at an annual pace of 6% in the April-June period, marking the third straight quarter of growth as exports and inbound tourism recovered

The Independent UK

Brazil's Lula unveils $200 billion infrastructure plan as skeptics caution about spending spree

Brazilian President Luiz Inácio Lula da Silva has unveiled a plan to spend 1 trillion reais (nearly $200 billion) on infrastructure, energy and transportation over the next four years in a bid to boost economic growth and employment in Latin America’s largest nation

The Independent UK

City braces for insight into impact of rate hikes on economic growth

GDP data for June is due, from a month of rate hikes, hot weather and strikes

Evening Standard

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The National (Scotland)

UK 'heading for five years of lost economic growth', report concludes

THE UK is on course to experience “five years of lost economic growth”, according to a new report.

The Guardian - UK

Bank shares rally as Italy waters down windfall tax; UK heads towards five years of lost economic growth – as it happened

Rolling coverage of the latest economic and financial news

The Independent UK

Stock market today: Asia shares mostly decline after Wall Street slide on bank worries

Asian shares are mostly trading lower after worries about the U.S. banking system set off a decline on Wall Street and amid concerns closer to home about Chinese economic growth

The Conversation

How the work of Adam Smith could help solve the UK skills gap

Tackling the UK’s productivity problem will require long-term public investment in quality education aimed at closing the skills gap and boosting equality – a plan the 18th-century economist Adam Smith would certainly have agreed with.

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Zenger

China’s Domestic Market Uncertainty Threatens U.S.-Listed ETFs

Slow economic growth and real estate crisis pose challenges for investors in Chinese market

The Hindu

Data | The contours of India’s ‘formal jobs’ crisis

The Indian government has been using the Employees Provident Fund (EPF) scheme’s data as a measure of payroll employment and formal job creation since 2017. The monthly data released from this initiative has generally shown an increase in the number of contributors, which is portrayed as evidence of employment creation…

The Guardian - UK

Energy bosses at No 10 summit warn investor confidence is waning

Chiefs say UK’s troubled economy and political uncertainty is dampening enthusiasm for clean energy rollout

The Conversation

Degrowth: slowing down rich economies to deal with climate change is a flawed idea

The notion of “degrowth” is gaining traction among some politicians in Europe. It was given a platform recently at the European Parliament’s “Beyond Growth” conference.

The Guardian - UK

Eurozone returns to economic growth as inflation falls

GDP also rises in 20-member bloc but German growth remains flat and Italy shrinks

Radio France Internationale

Air France-KLM reports bumper profits as French economic growth rises

Air France-KLM has announced it has doubled its year-on-year net profit in the second quarter of 2023 to €604 million, benefiting from high demand in air travel despite rising inflation which has increased costs.

Caixin Global

Weekly Must-Read: China Vows to Create a ‘Bigger, Better, and Stronger’ Private Sector

Measures aim to create a more level playing field for private businesses and entrepreneurs amid sluggish economic growth

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