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The Latest Breaking News from Economic Growth

Next delivers profit boost, but cautions over ‘anaemic’ UK economic growth

The fashion and homewares group reported a 13.8% rise in pre-tax profits to £515 million for the six months to the end of July.

Evening Standard

US Federal Reserve cuts interest rates for the first time since December

The central bank’s widely-expected 0.25% cut comes amid a cooling labour market, which has stalled economic growth.

Al Jazeera

Affluent Americans Are Losing Faith In The Economy And That's A Problem For Everyone

Economic growth isn't just a matter of macro numbers; it's a matter of confidence. And when confidence falters among the people who drive the lion's share of discretionary spending, the warning lights start blinking.

International Business Times

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Inequality in Africa: what drives it, how to end it and what some countries are getting right

The relationship between inequality and economic growth is a complex one, especially in Africa. Inequality is the result of a host of factors, including policy choices, institutional legacies and power structures that favour elites. Professor Imraan Valodia, director of the Southern Centre for Inequality Studies spoke to Ernest Aryeetey, emeritus…

The Conversation

Even professional economists can’t escape political bias

Republican-leaning economists tend to predict stronger economic growth when a Republican is president than Democrats do – and because of this partisan optimism, their forecasts end up being less accurate.

The Conversation

Starmer creates ‘Budget board’ to boost economic growth and keep businesses onside

Starmer’s ‘budget board’ is part of his reset following the resignation of Angela Rayner last week

The Independent UK

Starmer hits out at Reform’s ‘politics of grievance’ as his new Cabinet meets

The Prime Minister also told his top team that economic growth is the Government’s top priority as it seeks to take on Nigel Farage’s party.

Evening Standard

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Growth figures, business data to dominate forecasts

Unexpected economic growth will be closely watched for any hints of a cut to interest rates, ahead of key business and consumer confidence numbers

AAP

Why Charles Schwab Stock Fell Sharply Friday

Charles Schwab Corporation Common Stock (NYSE:SCHW) shares are trading lower on Friday afternoon, part of a broader downturn in the financial sector following a surprisingly weak U.S. jobs report that heightened concerns about economic growth.

Benzinga

New report reveals glaring gaps between Australia’s future needs and science capabilities

Since 1945, three-quarters of all global economic growth has been driven by technological advances. Since 1990, 90% of that advance has been rooted in fundamental science, according to Michael M. Crow, president of Arizona State University.

The Conversation

Hot economic growth may place further rate cuts on ice

Reserve Bank governor Michele Bullock has signalled there might not be many more interest rate cuts to come after surprisingly strong economic growth.

AAP

OPINION - The case for building houses around railway stations

The UK Government has set a target to deliver 1.5 million new homes over the next five years as part of its strategy to address the housing crisis and stimulate economic growth. Most recently it has also created Platform4, an organisation committed to building 40,000 homes over the next decade…

Evening Standard

Australian households are spending more – and it’s helping the economy regain some momentum

After two years of weak economic growth, there are signs of a recovery in household consumption – though productivity remains a soft spot

The Guardian - AU

Consumer boom drives surprise jump in economic growth

Australia's economy surpassed expectations in the last financial year, taking some urgency out of the Reserve Bank's plans to cut interest rates.

AAP

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GOBankingRates

9 Ways Trump’s Economy Could Boost Your Bank Account, According to an Expert

Discover how strong U.S. economic growth under Trump could mean higher wages, better credit and more financial stability for your household.

Top News

White House Highlights Achievements Amid Consideration Of Early Convention

White House achievements in border security, crime reduction, energy policy, and economic growth ahead of midterms.

The Conversation

Getting rid of fossil fuels is really hard – and we’re not making much progress

If miners, the media, policymakers and renewable energy companies are to be believed, Australia is in the midst of a green energy transition aimed at preventing the worst effects of climate change.

Benzinga

Trump Touts 'Incredible' Tariff Strategy After Congressional Budget Office Projects $4 Trillion Deficit Cut, Even As Economists Warn Of Slower Growth

On Friday, President Donald Trump celebrated a Congressional Budget Office report projecting that his sweeping tariffs will reduce U.S. deficits by $4 trillion over the next decade, even as analysts caution the levies could weigh on economic growth and face legal challenges.

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Benzinga

Amazon Shares Pop As Powell Signals Looming Rate Cuts Amid Cooling Labor Market

Amazon.com Inc (NASDAQ:AMZN) shares are trading higher Friday afternoon after Federal Reserve Chair Jerome Powell struck a surprisingly dovish tone at Jackson Hole, signaling that rate cuts could be on the horizon as the labor market cools and economic growth slows.

Euronews

Kazakhstan breaks ground on first modern nuclear power plant

Kazakhstan has begun the first modern nuclear power plant project in Ulken, Almaty region, with Russia's Rosatom. This will boost economic growth and infrastructure.

The National (Scotland)

Shetland to play ‘significant role’ in driving economic growth, says John Swinney

John Swinney has said Shetland will play a “significant role” in efforts to drive economic growth ahead of his visit to the islands ...

The Independent UK

Shetland will play ‘significant role’ in driving economic growth – Swinney

The First Minister travels to the islands on Wednesday.

The National (Scotland)

Is Wellbeing Economics the only way to generate economic growth?

I WANT to dispel a huge myth about the Wellbeing Economic Approach and that is that it involves de-growth ...

Newslaundry

The swagger’s gone: What the last two decades taught me about India’s fading growth dream

Because something is happening here but you don't know what it is Do you, Mr. Jones?– Bob Dylan, Ballad of a Thin Man, Highway 61 Revisited, 1965. I was offered my first job in Mumbai on a very rainy day in September 2005, a few weeks after we had celebrated the…

The Independent UK

UK economic growth slows amid pressure on business and Trump trade war

The figure was stronger than the 0.1 per cent level widely expected by economists

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