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The Latest Breaking News from Economic Growth

Indian industry leaders expect GDP to grow at 6.5% in FY24: Survey

NEW DELHI: According to a survey conducted by Deloitte Touche Tohmatsu India LLP (DTTILLP), Indian business leaders, specifically chief experience officers (CXOs), are optimistic about the country's economic growth in 2023-24.

The Times of India

Edinburgh Airport confirmed as part of Forth freeport with 50,000 jobs predicted

Hoped to stimulate economic growth, the scheme is expected to have a huge impact on the area, with an estimated 50,000 jobs to be created, as well as £6 billion of investment.

Edinburgh Live

US emissions rose in 2022

As renewables overtook coal, economic growth outpaced the rise in carbon emissions

Salon

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World Bank forecasts India's FY23 GDP at 6.9%; warns of global recession

NEW DELHI: The World Bank on Tuesday retained India's economic growth at 6.9% for financial year 2022-23.

The Times of India

Oil Slips on Concerns Higher Interest Rates to Crimp Demand

Oil edged lower on Tuesday on expectations that further interest rate hikes in the United States, the world's biggest oil user, will slow economic growth and limit fuel demand. Brent futures for March delivery fell 43 cents to $79.22 a barrel, a 0.5% drop, by 0522 GMT.

Asharq Al-Awsat

Thailand Welcomes Tourism, Economic Progress, Looks Ahead to 2023 Elections

Experts say the elections could promote further economic growth and create stability for the kingdom.

The News Lens

India’s economic growth to slow to 7%, government forecasts

India remains a relative ‘bright spot’ in the world economy, but weak exports are expected to hamper its growth.

Al Jazeera

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Commentary: Recovering from Big Tech’s lost decade

For 65 years, the United States has counted on its digital tech industry to create amazing products and drive economic growth. For most of that time, the industry has exceeded expectations. Over the past decade, however, the tech industry has lost its way, with a culture, products and business models…

Los Angeles Times

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

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

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The News Lens

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.

Bangkok Post

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.

Fortune

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.

Bangkok Post

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.

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Asharq Al-Awsat

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…

Reuters

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.

Newsroom.co.nz

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.

Reuters

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.

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…

The Times of India

India economic growth 'extremely fragile', needs all support, says RBI MPC member

NEW DELHI: India's economic growth is now 'extremely fragile' and needs all the support that it can get, as private consumption and capital investment are yet to pick up, RBI Monetary Policy Committee (MPC) member Jayanth R Varma said on Friday.

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.

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