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The Latest Breaking News from Economic Growth

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

Editorial: Face Up to the Changed World

A more sober mind is needed for a greater initiative

Caixin Global

From analysis to the latest developments in health,
read the most diverse news in one place.

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.

Bangkok Post

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?

Al Jazeera

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.

The News Lens

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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.

Bangkok Post

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.

Fortune

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.

Bangkok Post

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…

Asharq Al-Awsat

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.

Reuters

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.

Newsroom.co.nz

Hong Kong aims for mid-January reopening of border with mainland China

Hong Kong will reopen its borders with mainland China by mid-January, city Chief Executive John Lee said on Saturday, as Beijing accelerates the unwinding of stringent COVID-19 rules that have battered economic growth.

Reuters

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Asharq Al-Awsat

Tunisia Seeks to Cut Fiscal Deficit to 5.5% in 2023, Led by Economic Reforms

Tunisia expects to reduce its fiscal deficit to 5.5% next year from a forecast 7.7% this year, driven by austerity measures that could pave the way for a final deal with the International Monetary Fund on a rescue package. The country has been in urgent need of international help for…

Fortune

It's time to quit capitalism's obsession with growth. Focus on 'degrowth' instead, argues a growing movement in economics

“It seems that humanity is thriving and committing suicide at the same time,” noted author Ugo Bardi.

Asharq Al-Awsat

Saudi Crown Prince Launches National Intellectual Property Strategy

Prince Mohammed bin Salman, Crown Prince, Prime Minister and Chairman of the Council of Economic and Development Affairs, launched on Thursday the National Intellectual Property Strategy (NIPST). One of the enablers for achieving the objectives of Saudi Vision 2030, NIPST aims to build an intellectual property ecosystem that supports innovation…

Bangkok Post

Central bank upbeat on long-term growth

The Bank of Thailand expects the economy to continue to align with potential growth projections for the next two years, then strengthen in the longer term.

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Evening Standard

Tory reputation as party for economic growth nosedives amid wave of strikes

The Conservatives’ reputation as the best party for economic growth has nosedived as Britons face a wave of tax hikes and “Winter of Discontent” strikes, a new poll revealed on Monday.

Bangkok Post

Exports to grow amid global slump

Thailand's exports are expected to reach nine trillion baht by the end of the year, before increasing further to 9.25 trillion baht next year, amid predictions of higher-than-expected economic growth, according to the Commerce Ministry.

Caixin Global

Wang Tao: Key Takeaways From China’s Central Economic Work Conference

Stabilizing growth is the top priority, with measures to boost the real estate sector and a supportive tone for non-SOEs, foreign investors and online platforms

Bangkok Post

Global financial markets face more uncertainties in 2023

Financial markets worldwide face higher uncertainties next year because of the tight monetary policies of key central banks and decelerating global economic growth in 2023, says Bank of Thailand governor Sethaput Suthiwartnarueput.

Bangkok Post

Chamber estimates Thai growth to accelerate next year

The University of the Thai Chamber of Commerce (UTCC) forecasts Thai economic growth of 3.6% in 2023, up from an estimated 3.3% this year, driven largely by the tourism revival, growing exports and a recovery in private consumption.

Asharq Al-Awsat

Moody’s Says Saudi Economic Growth at 10.2%, Driven by Non-Oil Sector Development

Moody’s said that the Saudi economy grew by 10.2 % during the first nine months of 2022.

Reuters

Indonesia's new finance laws expand central bank's mandate

Indonesia's parliament on Thursday voted to approve financial legislation that widens the central bank's mandate to include supporting sustainable economic growth and formalise its debt monetisation operations.

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