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The Latest Breaking News from Economic Growth

Powell likely to underscore inflation concerns even as Fed leaves key rate unchanged

For the first time in nearly two years, the Federal Reserve is set Wednesday to keep its key short-term interest rate unchanged for a second straight policy meeting — the clearest sign to date that the Fed is edging closer to the end of its rate-hiking campaign

The Independent UK

US consumers keep spending briskly even in the face of persistent inflation and high interest rates

An inflation gauge that is closely monitored by the Federal Reserve showed price increases remained elevated in September amid brisk consumer spending and strong economic growth

The Independent UK

Joe Biden is taking a victory lap after the latest blowout GDP report and says the much-feared recession is canceled, but Wall Street is dubious

The Biden administration celebrated the surge in U.S. GDP growth Thursday, but economists and analysts warn it could be the last hurrah for an ailing economy.

Fortune

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Here’s the climate movement’s biggest mistake since the 1970s, according to the climate scientist who won the Nobel Prize alongside Al Gore

“One of our signal failures, decades ago, was to accept the false choice pitting climate change mitigation against economic growth.”

Fortune

UK Board of Trustees pushing school to prepare the state’s workforce

The Board discussed recent statewide economic growth and marketing opportunities during their annual retreat

WEKU

The key to £98bn of economic growth could be right in front of us

City Voices: There’s a huge opportunity being missed

Evening Standard

How the Israel-Hamas war could affect the world economy and worsen global trade tensions

Global geopolitical tensions often play a pivotal role in shaping people’s perceptions of economic growth. Research shows concern about such issues can cause people and businesses to become more cautious about spending and investing, which can ultimately lead to economic recession.

The Conversation

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Broad rise in wealth has boosted most US households since 2020 and helped sustain economic growth

The net worth of the typical U.S. household grew at the fastest pace in more than three decades from 2019 through 2022, while low interest rates made it easier for households to pay their debts

The Independent UK

China's economic growth slows to 4.9% in third quarter, amid muted demand and deflationary pressures

China’s economy slowed in the third quarter, amid muted global demand, deflationary pressures and an ailing property sector

The Independent UK

England’s biggest cities should introduce congestion charges, says commission

Government advisers say congested roads and inadequate public transport constrain economic growth

The Guardian - UK

Netanyahu Hasn't Just Lost His Credibility on Security

The prime minister’s image has long depended on keeping Israelis safe and promoting economic growth. Polls show he’s in trouble.

Foreign Policy

OPINION - Should Britain's almighty Treasury be broken up?

In the mid-1980s, Labour leader Neil Kinnock was considering splitting the Treasury in two, with one half focussed on its responsibility as a finance department and the other on economic growth. He asked his shadow chancellor, Roy Hattersley, which department he would like to lead in government. Hattersley replied: "Whichever…

Evening Standard

Tories have no room for tax cuts despite £52bn a year stealth rise, says IFS

UK stuck between weak economic growth and risk of persistently high inflation, says thinktank

The Guardian - UK

Education a tool to engineer social change, says Siddaramaiah

CM Siddaramaiah stressed the importance of education to fight caste system & promote social justice & equality. He said education can bring about change & dynamism for social progress & economic growth. He also praised the contributions of Nalwadi Krishnaraja Wadiyar & Diwans to the development of Mysuru in education,…

The Hindu

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The Conversation

Inequality: troubling trends and why economic growth in Africa is key to reducing global disparities

Inequality remains on the top of the policy priority list for most countries in the world. Branko Milanovic, a leading scholar on inequality, recently delivered a lecture titled “Recent changes in the global income distribution and their political implications” at the University of the Witwatersrand in Johannesburg. Imraan Valodia asked…

The Independent UK

IMF sees economic growth in the Mideast improving next year. But the Israel-Hamas war poses risks

The International Monetary Fund says Middle East economies are gradually recovering as external shocks from the war in Ukraine and global inflation fade

The Hindu

‘Modi-nomics’ fails to buck the trend

Statistical considerations apart, right now there are good reasons for looking at a slice of time longer than a few quarters when studying economic growth in India

Evening Standard

Sunak’s Harold Wilson act is a recipe for economic disaster

City Voices: If the Government is serious about growing the economy and levelling up then it needs to prioritise cities

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The National (Scotland)

SNP say Labour's plans to boost economic growth won't solve cost of living crisis

LABOUR have pledged to focus on promoting economic growth as the answer to the cost of living crisis while warning “you cannot tax and spend your…

The Independent UK

Starmer will reverse Rwanda policy even if flights start and small boats decline

Sir Keir says Tory asylum plan will not work – and vows economic growth ‘within months’ of Labour government

The Guardian - UK

Tory swing voters switch to Labour after Sunak’s green retreat, poll finds

Survey shows nearly 90% of 2019 Conservative voters say green industry is vital to UK’s economic growth

The Guardian - UK

Belgrade: the city where dirty air is seen as a ‘consequence of economic growth’

Critics decry lack of political will in Serbian capital to clean polluted air that residents say they can ‘feel and taste’

The Hindu

Propelling India’s development the right way

India must redouble its efforts to make economic growth more inclusive and broad-based

The Conversation

In future, we'll see fewer generic AI chatbots like ChatGPT and more specialised ones that are tailored to our needs

AI technology is developing rapidly. ChatGPT has become the fastest-growing online service in history. Google and Microsoft are integrating generative AI into their products. And world leaders are excitedly embracing AI as a tool for economic growth.

The Guardian - UK

Key ‘Bidenomics’ architect calls for spending ‘race to the top’ on green tech

Biden adviser Heather Boushey urges UK and Europe to increase climate friendly investment to reboot growth

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Nalwadi Krishnaraja Wadiyar

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