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The Latest Breaking News from Economic Growth

Davos 2023: Global growth to bottom out this year - IMF's Georgieva

International Monetary Fund Managing Director Kristalina Georgieva said on Tuesday global economic growth was expected bottom out in 2023 despite the continued Ukraine war and rising interest rates.

Reuters

China's economic growth falls to 3% in 2022 but slowly reviving

The world's No.2 economy grew by 3% in 2022, less than half of the previous year's rate, official data showed Tuesday as China faced pressure from anti-virus controls and a real estate slump.

WEKU

China's Population Shrinks for 1st Time in Over 60 Years

China's population shrank last year for the first time in more than six decades, official data showed Tuesday, as the world's most populous country faces a looming demographic crisis. The nation of 1.4 billion has seen birth rates plunge to record lows as its workforce ages, in a rapid decline…

Asharq Al-Awsat

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China’s economy grew 3% last year, not even half 2021's rate

China’s economic growth fell to 3% last year under pressure from antivirus controls and a real estate slump but is gradually reviving after restrictions that kept millions of people at home were lifted

The Independent UK

Study Envisages Connection between Innovation, Financing, Trade with Global Economy

Saudi researcher Dr. Raja Almarzoqi underscored the connection between innovation, international commerce movement, financing and economic growth that has become an enabler of global economy that crosses borders. He called for the adoption of government policies and legislations that would benefit further from the relationship between research, development of innovation…

Asharq Al-Awsat

Infrastructure outlays to underpin growth

The government aims to accelerate state investment this year to provide a tailwind to propel economic growth momentum.

Bangkok Post

Edinburgh Airport confirmed as part of Forth freeport with 50,000 jobs predicted

Hoped to stimulate economic growth, the scheme is expected to have a huge impact on the area, with an estimated 50,000 jobs to be created, as well as £6 billion of investment.

Edinburgh Live

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US emissions rose in 2022

As renewables overtook coal, economic growth outpaced the rise in carbon emissions

Salon

Oil Slips on Concerns Higher Interest Rates to Crimp Demand

Oil edged lower on Tuesday on expectations that further interest rate hikes in the United States, the world's biggest oil user, will slow economic growth and limit fuel demand. Brent futures for March delivery fell 43 cents to $79.22 a barrel, a 0.5% drop, by 0522 GMT.

Asharq Al-Awsat

Thailand Welcomes Tourism, Economic Progress, Looks Ahead to 2023 Elections

Experts say the elections could promote further economic growth and create stability for the kingdom.

The News Lens

India’s economic growth to slow to 7%, government forecasts

India remains a relative ‘bright spot’ in the world economy, but weak exports are expected to hamper its growth.

Al Jazeera

Commentary: Recovering from Big Tech’s lost decade

For 65 years, the United States has counted on its digital tech industry to create amazing products and drive economic growth. For most of that time, the industry has exceeded expectations. Over the past decade, however, the tech industry has lost its way, with a culture, products and business models…

Los Angeles Times

China to open border with Hong Kong on Jan 8

China's government said on Thursday that its border with special administrative region Hong Kong would reopen on Jan. 8, the first time in three years, as Beijing accelerates the unwinding of stringent COVID rules that have battered economic growth.

Reuters

Governor Beshear offers praise for natural disaster response and cites economic growth; Legislative

Governor Andy Beshear delivered his State of the Commonwealth Address Wednesday night. In the speech, Beshear praised Kentucky’s economic growth over the past year while recovering from two major natural disasters.

WEKU

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Caixin Global

Editorial: Face Up to the Changed World

A more sober mind is needed for a greater initiative

Bangkok Post

State key to stimulating expansion

The acceleration of state investment in 2023 should provide a tailwind to propel economic growth momentum, says Finance Minister Arkhom Termpittayapaisith.

Bangkok Post

A challenging year ahead

Global economic growth in 2023 is expected to remain sluggish, following a year roiled by the war in Ukraine and soaring inflation.

Al Jazeera

How Ghana, Africa’s rising star, ended up in economic turmoil

The West African nation is a major cocoa and gold exporter, so why is it battling its worst economic crisis in decades?

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The News Lens

Southeast Asia’s Tech Industry Goes From a Gallop to a Canter

ASEAN’s economic growth is projected to be above 5% in 2022 and 2023, outperforming China for the first time.

Bangkok Post

Economic risks to watch out for in 2023

The world will end 2022 with big celebrations. Yet not because of robust economic growth, as growth this year is projected to be only 3.2% -- following the International Monetary Fund's (IMF) recent projections -- compared to 6.0% growth in 2021.

Fortune

Understanding stagflation

Stagflation is a real problem for policymakers because the Central Bank can increase interest rates to reduce inflation or cut interest rates to reduce unemployment.

Bangkok Post

Sustainable, inclusive growth 101

In November, hundreds of corporate CEOs and heads of state convened in Bali, Indonesia, for the B20 global business summit. The topics on the agenda revolved around three interconnected goals: sustainability, inclusion, and economic growth.

Asharq Al-Awsat

The Global Economy Caught Between Wars and Geopolitical Conflicts

There is a saying, "When the US economy sneezes, the emerging markets get a cold." The global economy now may be more complex: it is more resilient in terms of where new economic growth emerges, but more vulnerable in terms of risk emanating from the United States, but also in…

Reuters

Nepal's new govt seeks to balance its ties with India, China in growth pursuit

Nepal's new government, led by a former Maoist rebel commander, will try to balance ties with its immediate neighbours China and India for the economic growth of one of the world's poorest countries, officials of the ruling coalition told Reuters.

Newsroom.co.nz

Give progress a chance: Embrace degrowth

Continuing to prioritise economic growth is not a recipe for being a good ancestor. Nor is it a recipe for human progress, writes Jack Santa Barbara.

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Arkhom Termpittayapaisith

Thitinan Pongsudhirak

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