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The Latest Breaking News from Economic Growth

Australia floods to dent Dec-qtr GDP, spur inflation - Treasurer

Widespread floods that have inundated large parts of Australia's southeast will dent the country's economic growth and increase inflation, Treasurer Jim Chalmers said on Friday, ahead of next week's federal budget.

Reuters

Next Prime Minister 'must deliver stability for business' - leaders react after Liz Truss resigns

'We need business and government pulling in the same direction if we are to create economic growth'

Insider UK

Australia’s jobless rate is steady as she goes – and so too is the economy

Unemployment has come in at 3.5% for the second month in a row. That’s good news for economic growth – if people have jobs, they’re more likely to spend

The Guardian - AU

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China’s decade under Xi Jinping explained in seven charts

Xi has overseen rapid economic growth and rising wealth, while spending big on the military, but inequality has widened has and a demographic crisis looms

The Guardian - AU

Finance Ministry sees 2022 economic growth of 3.0-3.5%

Thailand should see economic growth of 3 to 3.5% this year, driven by the key export and tourism sectors, Finance Minister Arkhom Termpittayapaisith said in an interview on Wednesday.

Bangkok Post

Martin Lewis gives verdict on huge Tory U-turn as Jeremy Hunt scraps mini-Budget

New Chancellor Jeremy Hunt announced the government would reverse almost all of the tax measures announced in Prime Minister Liz Truss' economic growth plan three weeks ago

Daily Mirror

More women entrepreneurs mean less global poverty

Entrepreneurship is an engine of economic growth but it can only move into top gear when there are more women.

360info

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SMEs Make up 95% of Operating Firms in the UAE

The United Arab Emirates’ Economy Minister, Abdullah bin Touq al-Marri, said the SMEs account for 95 percent of the overall operating companies in the country. They offer job opportunities to more than 85 percent of the total labor force in the private sector, he stressed, adding that they are a…

Asharq Al-Awsat

Fighting for survival as UK PM, a chastened Truss changes course again

It was a bruising meeting with her Conservative lawmakers this week that finally shook British Prime Minister Liz Truss's earlier unwavering faith that she could weather the market fallout from her radical economic growth plan.

Reuters

Ditching Truss would be ‘disastrously bad idea’, says ally Cleverly

Foreign Secretary James Cleverly said the Government is focused on getting economic growth despite the market turbulence.

The Independent UK

Prior to Industrial Revolution, global living standards were very low, says economic historian Jared Rubin

Britain industrialised first, and several other nations in Western Europe and North America followed soon thereafter, says Jared Rubin

The Hindu

IMF Confirms Saudi Economy’s Growth Forecast in Coming Years

The International Monetary Fund (IMF) confirmed its economic growth forecast for Saudi Arabia for the current year at 7.6 percent, the exact forecasts for July and April. Earlier, the Fund increased its expectations twice for the Saudi economy in 2022, making the Kingdom the only country among the G20 whose…

Asharq Al-Awsat

Public service broadcasting is facing an existential threat – former ITV chairman

Sir Peter Bazalgette delivered a speech discussing the future of public service broadcasters.

The Independent UK

Indian economy doing fairly well; additional monetary tightening required, says IMF chief economist

WASHINGTON: India's economy is doing fairly well, but additional monetary tightening is required, Pierre-Olivier Gourinchas, chief economist of the IMF said on Tuesday, as the global lender trimmed its projection of the country's economic growth in 2022 to 6.8 per cent.

The Times of India

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The Times of India

IMF cuts India's GDP forecast to 6.8%; warns global economies, says 'worst yet to come'

NEW DELHI: The International Monetary Fund (IMF) on Tuesday slashed India's economic growth forecast to 6.8% for 2022.

The Guardian - UK

Liz Truss dreams of growth – but even if she pulls it off, it won’t help Britain

Incomes have stalled while the rich get richer. It’s clear the obsession with GDP has to change, says the University of Sheffield’s Michael Jacobs

Evening Standard

RMT chief Mick Lynch hits back at Liz Truss following her attack on unions

‘Everyone believes in economic growth, otherwise the economy doesn’t move forward. But what they mean by economic growth is the rich keep getting richer and working people continue to have their conditions diluted in the name of profit,’ Mick Lynch said

The Independent UK

Sturgeon: It is absurd I’ve had no contact from Truss since she entered No 10

A spokeswoman for the UK Government said the Prime Minister’s priority is ‘to deliver economic growth across the union’.

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Asharq Al-Awsat

IMF Expects Yemen to Achieve 2% Economic Growth

The International Monetary Fund (IMF) mission expected that Yemen would achieve a modest economic growth of about two percent this year and 3.2 percent in 2023. However, the Fund called for more reforms, especially with regard to the customs dollar rate, support for the electricity sector, transparency in financial management,…

The Independent UK

IMF warns of higher recession risk and darker global outlook

The International Monetary Fund is once again lowering its projections for global economic growth in 2023

The Conversation

Liz Truss: this is what happens when governments pursue growth at all costs

When Chancellor Kwasi Kwarteng unveiled his mini-budget on September 23, he was making it clear that the government is prioritising economic growth over inflation – which was one reason the financial markets reacted so badly to his plan.

Evening Standard

Moving on up? Just stop the pound going down, Liz

City Voices: Truss’ speech showed she didn’t understand the causes of stagnant economic growth or has a credible plan to solve them

Evening Standard

Watch: Moment Prime Minister Liz Truss’ conference speech is interrupted by Greenpeace protestors

Liz Truss’s first conference speech as Tory leader was interrupted by heckling as she battled to unite her party. She promised to steer the country through the “tempest” and “get Britain moving”. Protesters holding a flag which read “who voted for this?” were ejected from the hall after disrupting the…

The Hindu

Government ‘singularly responsible’ for India’s economic problems: Congress

India’s economic growth is expected to decline to 5.7% this year from 8.2% in 2021, the UNCTAD Trade and Development Report 2022 projected on Monday

The Independent UK

Truss and Kwarteng put on display of unity after U-turn over top rate of tax

The Prime Minister and Chancellor toured a construction site in Birmingham in an attempt to illustrate their joint commitment to economic growth.

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