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The Latest Breaking News from Economic Growth

Oil Prices Move Higher on Tight Supplies, Firm Demand Outlook

Oil prices recovered on Thursday from a steep drop in the previous session, supported by tight oil supply and peak summer consumption, after a US rate hike sparked fears of slower economic growth and less fuel demand. Brent crude futures rose 77 cents, or 0.7%, to $119.28 a barrel by…

Asharq Al-Awsat

UK inflation: how experts pick goods to track price changes and what it says about UK consumers

For the first time in several generations, inflation is a concern for people in the UK. The Consumer Price Index (CPI) rose by 9% in the year to April 2022, the highest 12-month inflation rate since reliable records began. At the same time, GDP growth has slowed to almost zero,…

The Conversation

Cannabis Retailers Drive Economic Growth, Not Crime According To Recent California Study

Oftentimes those who oppose adult-use cannabis argue that its legalization will trigger a rise in crime rates.

Benzinga

From analysis to the latest developments in health,
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Global shocks prompt rethink on supply chains

Starting in the 1980s, transnational production enabled the expansion of global trade and low prices for goods, contributing significantly to economic growth. But the shocks caused by the Covid-19 pandemic and the Ukraine war have shown firms that the efficiency gains implied by the global division of labour -- and…

Bangkok Post

China Should Deepen Reforms and Opening Up to Keep Economy Stable

For the Chinese economy to stabilize, it is important to revitalize private and foreign investment, and boost market players’ confidence in China’s economic prospects

Caixin Global

Should Russia pay reparations for the Ukraine war?

The case is morally compelling – but it might leave Ukraine less able to sustain stable economic growth

The Guardian - UK

Britain is already in the grip of a deep malaise – what happens when zero growth bites?

Economic growth is expected to sputter to a halt: welcome to a new era of breakdown that will affect us all, says Guardian columnist John Harris

The Guardian - UK

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Fears of rate hikes continue to pressure equities

Recap: World stocks fell on Friday as news of imminent rate hikes from the European Central Bank and concerns over upcoming US inflation data spurred fears over global economic growth.

Bangkok Post

Coming decade appears promising for sustained economic growth: Niti Aayog Vice-Chairman

"The coming decade appears promising for sustained economic growth for India," said NITI Aayog said in a tweet quoting the Vice Chairman

The Hindu

Danske cuts Northern Ireland growth outlook on persistent inflationary cloud

The bank expects economic growth in 2023 of just 1%, down from 1.7% previously

Birmingham Post

A Decade Into Legal Cannabis, Americans See Legalization As A Net Positive For Economy And Society

A decade after Colorado and Washington became the first states to legalize cannabis for adult-use in the US, following the passage of Amendment 64 and Initiative 502, respectively, the majority of Americans believe cannabis has an overall positive impact on the creation of high-quality jobs – at both the local…

Benzinga

Russia is only country set for worse economic growth than UK

Inflation in UK is also set to hit 10 per cent according to several reports

Bristol Post

GCC Bank Profits Surge to $11 Billion

The first quarter of 2022 proved to be the best quarters for banks in the Gulf Cooperation Council as they raked in $10.9 billion in aggregate profits, a Kamco Invest report showed. This is one of the highest quarterly levels on record. Five out of six Gulf countries saw their…

Asharq Al-Awsat

Cost of filling petrol car hits £100 in ‘truly dark day’ for drivers; ECB plans July rate rise – as it happened

UK fuel prices keep climbing and European Central Bank signals end of ultra-loose monetary policy

The Guardian - UK

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The Independent UK

OECD slashes global economic outlook on Russia-Ukraine war

The Organization for Economic Cooperation and Development says Russia’s war in Ukraine and the energy and food crises it worsened will severely drag down global economic growth and push up inflation this year

The Hindu

Morning Digest | Al-Qaeda in Indian subcontinent threatens to attack India after Prophet controversy; World Bank cuts India’s economic growth forecast to 7.5% for FY23, and more

A select list of stories to read before you start your day

Benzinga

Why Stagflation Could Polarize Gold And Silver

As the Federal Reserve maintains a dovish tone, bond yields have risen and the dollar remains strong. As a result, while forecasts on gold have lowered, the risk that central banks may have overdone it could send its value soaring —especially if inflation remains elevated while economic growth continues to…

The Times of India

World Bank slashes India's FY23 GDP forecast to 7.5%

NEW DELHI: The World Bank revised India's economic growth forecast for financial year 2022-23 to 7.5 per cent on Tuesday.

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The Times of India

India's economic growth to be supported by fiscal spending: Finance minister

NEW DELHI: Finance minister Nirmala Sitharaman on Monday said that the country's growth will be driven by fiscal spending.

Bangkok Post

Fuel consumption set to rise by 9.2%

Thai energy consumption is expected to rise by 9.2% this year, based on an economic growth estimate of 2.5-3.5%, driven by an uptick in economic activities as pandemic restrictions ease, says the Energy Policy and Planning Office (Eppo).

The Conversation

South Africa's economy has taken some heavy body blows: can it recover?

Economists are growing increasingly concerned about South Africa’s economy. This is because the country’s three major macroeconomic problems – lacklustre economic growth, growing inflation and very high unemployment – have been exacerbated by a series of major disruptions.

Insider UK

Scottish GDP rises by 1% during first quarter

Economic growth driven by increased outputs in the construction and services sectors

The Conversation

National income is climbing, but the share going to wages is shrinking: 6 graphs that explain the economy

Australia’s economy edged closer back towards normal in the three months to March, growing by 0.8% in the quarter (which is towards the upper end of economic growth before COVID hit in early 2020) and 3.3% over the year to the March (which is somewhat higher than before the pandemic).

The Guardian - AU

Australia’s economic growth slows in March quarter despite rise in household spending

GDP figures show annual rate of growth in the Australian economy declined from 4.2% in December quarter to 3.3% in first three months of 2022

ABC News

GDP measures economic growth and recessions but what if we're counting the wrong things?

GDP figures tell us the value of most things produced in Australia in a three-month period. But what if we’re counting the wrong things?

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