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The Latest Breaking News from Economic Growth

Finance Ministry keeps 2022 growth outlook at 3.5%, sees 4% in 2023

The Finance Ministry on Tuesday said it sees economic growth of 4% next year, and maintained its 2022 growth forecast at 3.5%, underpinned by increased domestic consumption, tourism and exports, despite higher inflation.

Bangkok Post

Alibaba Surges 3.6% On Primary Hong Kong Listing Plan, Hang Seng Sees Trend-Reversal

Hong Kong’s benchmark Hang Seng Index opened in the green on Tuesday, flipping the trend from Monday, as better-than-expected economic growth data from South Korea offset mixed cues from Wall Street ov

Benzinga

IT firm wins number of contracts to develop network of 'smart towns' in Wales

Telemat IT Support will roll-out smart town technologies to boost economic growth post-pandemic

Birmingham Post

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Starmer ‘pragmatic’ about nationalisation amid confusion over Labour’s policy

Shadow chancellor Rachel Reeves earlier indicated the party would not take rail, energy or water companies back into public ownership.

The Independent UK

Keir Starmer: Labour will campaign on economic growth in the next general election

Labour’s Sir Keir Starmer promised he would lead a government focused on economic growth as he took aim at the two rivals competing for the Tory leadership.In a speech in Liverpool he said: “Our economy is weaker than our competitors, less resilient, brittle and ultimately we are all poorer for…

Evening Standard

Starmer in challenge to Labour left with vow to prioritise economic growth

Labour leader promises to ‘reboot the economy’ with ‘strong, secure, fair’ growth

The Independent UK

UK Labour leader Starmer sets out plan for economic growth

British opposition Labour leader Keir Starmer will set out his plan to foster economic growth on Monday, adding his voice to a debate that has dominated the Conservative Party's race to become the country's next prime minister.

Reuters

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Keir Starmer: Labour will fight next election on economic growth

Opposition leader to say ‘making the country and its people better off’ is main priority for party

The Guardian - UK

BoT says growth might exceed 3% in second quarter

The Bank of Thailand believes Thai economic growth might increase past 3% in the second quarter, mainly thanks to a rebound in domestic consumption under the central bank's commitment to maintain flexible inflation targeting.

Bangkok Post

Rishi Sunak to set out plans to tackle NHS backlogs in first major leadership speech

It comes as Liz Truss promised a ‘bonfire’ of ‘EU red tape’ to drive economic growth

Evening Standard

China Pushes to Quell Protests Over Billion-dollar Banking Scandal

The scandal has drawn national attention as Beijing is struggling to maintain economic growth in the face of President Xi Jinping's commitment to a zero-Covid policy that has prompted widespread lockdowns and a resulting economic slowdown.

The News Lens

China's economy faces multiple challenges but what might those pressures mean for Australia?

From a banking crisis to property market slumps, China's economy is under stress and the country also recently recorded its lowest quarterly growth rate figure since 1990. What might those challenges mean for Australians?

ABC News

ADB cuts India GDP forecast for FY23 to 7.2% on Covid, war impact amid inflationary pressure

NEW DELHI: Asian Development Bank (ADB) on Thursday trimmed India's economic growth forecast for current fiscal year to 7.2 per cent from 7.5 per cent as pandemic and war impact is weighing down alongside inflationary pressures.

The Times of India

Tyler Cowen: The strong dollar is a vote of confidence in America

U.S. price inflation is at 9.1% and a there is a fiercely strong dollar, a pair of statistics that was certainly unexpected a year ago and even now seems odd. On closer inspection, however, these numbers reflect a world in which the U.S. is still seen as a leader —…

Tribune News Service

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The Conversation

How record-setting heat waves in cities across UK, US and mainland Europe could punish economies already reeling from inflation

Hundreds of millions of people struggled to keep cool amid a sweltering summer heat wave as cities across the U.S. and mainland Europe experienced record-high temperatures. In the U.K., thermometers topped 104 Fahrenheit (40 degrees Celsius) on July 19, 2022, the highest ever recorded.

Reuters

Singapore growth to moderate further next year, global inflation expected to ease

Singapore's economic growth is expected to moderate further next year, tracking a slowdown in its major trading partners, while global inflation is expected to ease in 2023, the head of the city-state's central bank said on Tuesday.

The News Lens

Taiwan’s Lost Growth (Part 3): Taiwan’s Economy and Profits Have Stagnated Because Wages Have Not Recovered from the 1997 Crisis

The 1997 Asian financial crisis is a distant memory to most countries. But Taiwan hasn’t fully recovered from it because wages have been kept low.

The Independent UK

Tory leadership – live: Truss, Mordaunt and Badenoch fight for second place at today’s vote

Ex-chancellor remains on top but fails to reach 120 votes needed to guarantee spot in final two

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The Guardian - UK

‘It’s socialism’: heated Tory leadership debate exposes deep divisions

Truss says Sunak will choke economic growth by raising taxes while he accuses her of not being conservative

The Conversation

Kenya's election promises: an economist's perspective

Kenya has four presidential candidates in the August 2022 general election. They recently launched their manifestos and one thing ties them together: the economy.

WEKU

China's economic growth slows following COVID lockdowns

China's economy contracted in the three months ending in June compared with the previous quarter after Shanghai and other cities shut down to fight coronavirus outbreaks.

The Guardian - AU

China’s economic growth slumps sharply after Covid lockdowns

Shutdown of cities takes its toll, while property market remains in crisis and global outlook darkens

The Independent UK

Asian stocks up after US inflation fuels rate hike fears

Asian stock markets are higher after a rise in U.S. inflation stoked expectations of more rate hikes that investors worry will chill economic growth

Reuters

Former finance minister Sunak cements lead in race to be Britain's PM

Former finance minister Rishi Sunak cemented his lead over rivals to become Britain's next prime minister on Thursday in an increasingly bitter race to replace Boris Johnson.

Reuters

UAE president, in first address, stresses support for energy security, friendly relations

The president of the United Arab Emirates said on Wednesday the Gulf OPEC producer would continue to support global energy security as a main driver of global economic growth, ahead of a U.S.-Arab summit in neighbouring Saudi Arabia this week.

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