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The Latest Breaking News from Economic Growth

WEF forms Indian CEOs' alliance to supercharge race to net-zero

The Alliance will serve as a high-level platform to support business leaders in planning and implementing plans and programmes to achieve climate targets, including net-zero economic growth

The Hindu

3 Defensive ETFs to Buy After Goldman Sachs Lowers Their U.S. Economic Growth Forecast

Goldman Sachs economists slashed U.S. growth forecasts and warned of potential recession risks earlier this month, citing uncertainty surrounding the Federal Reserve’s tighter monetary policy to fight 40-year high inflation. In navigating growing economic risks, defensive ETFs like Fidelity MSCI Utilities (FUTY), GraniteShares Gold (BAR), and Consumer Staples Select (XLP)…

StockNews.com

Heat wave in India poses risks for nation’s credit, Moody’s says

NEW DELHI: A heat wave that’s made parts of India the hottest in 122 years may be a warning that heightened climate risks could drag on economic growth and worsen the nation’s credit scores.

The Times of India

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Asian Markets Mixed as Inflation Fears Weigh

Asian stocks were mixed Monday as inflation fears and concerns about low economic growth weighed on markets. Investors will be looking to the release on Wednesday of notes from the latest Federal Reserve committee meeting for clues on further rate hikes by the US central bank. Wall Street ended the…

Asharq Al-Awsat

Have we hit the limits to growth?

Fifty years ago this spring, one of the most influential books of the twentieth century was published. Written for the Club of Rome by Donella Meadows and colleagues at MIT, The Limits to Growth used new computer models to forecast an uncontrollable collapse in the global population and economy if…

Bangkok Post

India's economic growth likely to be robust at 8.9% in current fiscal: Finance minister at NDB

NEW DELHI: India's economic growth is likely to be robust at 8.9 per cent in the current financial year, reflecting the country's strong resilience and speedy recovery, finance minister Nirmala Sitharaman said on Thursday.

The Times of India

What stagflation means and what Biden could do about it

High inflation tends to break out when economic growth is really roaring.

Axios

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Oil Prices Recoup Early Losses on China Hopes, Global Supply Fears

Oil prices rose on Thursday, recovering from early losses, on hopes that planned easing of restrictions in Shanghai could improve fuel demand while lingering concerns over tight global supplies outweighed fears of slower economic growth. Brent crude futures for July were up $1.53, or 1.4%, at $110.64 a barrel at…

Asharq Al-Awsat

UN Drops Forecast for Global Economic Growth in 2022 to 3.1%

The United Nations on Wednesday significantly lowered its forecast for global economic growth this year from 4% to 3.1%, saying the war in Ukraine has triggered increasing global food and commodity prices and exacerbated inflationary pressures, upending the fragile recovery from the COVID-19 pandemic. The mid-2022 forecast from the UN…

Asharq Al-Awsat

UN drops forecast for global economic growth in 2022 to 3.1%

The United Nations is significantly lowering its forecast for global economic growth this year from 4% to 3.1%

The Independent UK

How NZ could become a world leader in decarbonisation using forestry and geothermal technology

Energy is the double-edged sword at the root of the climate crisis. Cheap energy has improved lives and underpinned massive economic growth. But because most of it comes from burning hydrocarbon fuels, we’re now left with a legacy of high atmospheric carbon dioxide (CO2) and an emissions-intensive economy.

The Conversation

EU cuts forecast for economic growth as war's fallout widens

The European Union has slashed its forecasts for economic growth in the 27-nation bloc amid the prospect of a drawn-out Russian war in Ukraine and disruptions to energy supplies

The Independent UK

Why Mortgage and Commercial Loan Rates Won't Go As High As People Think

I’m of the belief that mortgage rates won’t be going as high as some people are forecasting, at least not nearly as quickly. I say this because the dynamic between inflation, FED rate hikes, economic growth, and the bond markets should cause the yield curve to flatten and even invert…

Benzinga

Journey of Humanity by Oded Galor review – inequality explained?

An study of the factors behind economic growth attempts to reveal the ‘great cogs’ that drive development

The Guardian - UK

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The News Lens

Taiwan’s Lost Growth (Part 1): How Far Has Taiwan’s Economy Fallen Behind Other Countries Due To Stagnant Wages?

When wages don’t grow, household expenditures and ultimately business profits stagnate as well. Here’s how this has played out in Taiwan.

Caixin Global

China’s Vehicle Production, Sales Plunged in April

Consumers were less willing to buy a car as slowing economic growth and fallout from the pandemic weakened confidence, industry organization says

Al Jazeera

‘Localised’ recessions? China’s economy teeters amid lockdowns

Economists warn of negative economic growth in certain sectors and regions if ‘zero COVID’ policy continues.

Evening Standard

Boris Johnson promises ‘compassion’ but under fire for lack of action on living costs

The Prime Minister used the Queen’s Speech to set out plans to boost economic growth but came under fire for a lack of immediate action

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The Independent UK

Asian stocks follow Wall St down on rate hike, economy fears

Asian stocks have followed Wall Street lower as fears increased that U.S. rate hikes to fight inflation might stall economic growth

Bangkok Post

Rate jitters keep stocks on back foot

Recap: Global stocks retreated as markets worried about more US interest-rate increases while Asian shares slumped on a concern that China's Zero-Covid policy may hold back the region's economic growth.

Asharq Al-Awsat

Oil Rises as Supply Concerns Persist

Oil prices climbed for a third straight session on Friday, shrugging off concerns about global economic growth as impending European Union sanctions on Russian oil raised the prospect of tighter supply. Brent futures rose $1.75, or 1.58%, to $112.65 per barrel by 1159 GMT, while US West Texas Intermediate (WTI)…

The Times of India

Sensex falls 867 points as realty, financial shares plunge; Nifty ends below 16,450

NEW DELHI: Equity indices tumbled on Friday as investors fretted that fast-paced interest rate hikes to tame surging inflation would slow global economic growth.

The Independent UK

Asian stocks follow Wall St lower as rate hike worries grow

Asian stocks have followed Wall Street lower as fears spread that U.S. interest rate hikes to fight inflation might stall economic growth

The Times of India

Xi Jinping moves to silence Covid Zero critics in sign of brewing tumult

BEIJING: China's top leaders warned against questioning Xi Jinping's Covid Zero strategy, striking a more defensive tone as pressure builds to relax virus curbs and protect the economic growth that has long been a source of Communist Party strength.

Tribune News Service

China’s top leaders reiterate support for COVID Zero strategy

China’s top leaders warned against questioning Xi Jinping’s COVID Zero strategy, as pressure builds to relax virus curbs and protect the economic growth that has long been a source of Communist Party strength.

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