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The Latest Breaking News from Economic Growth

OBR says budget unlikely to lift economic growth over next five years

Forecaster says extra spending revealed by Rachel Reeves will give only a short-term lift to economy

The Guardian - UK

UK economic growth upgraded this year amid ‘temporary boost’ from spending

The Office for Budget Responsibility has predicted that UK gross domestic product will grow by 1.1% in 2024.

Evening Standard

South Africa’s fight against extreme poverty needs a new strategy - model shows how social grants could work

South Africa has been struggling for decades to reduce poverty, inequality and unemployment and raise the rate of economic growth.

The Conversation

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US economic growth slows, as Germany avoids recession and France gets Olympics boost – as it happened

Eurozone GDP grew by 0.4% in the last quarter, faster than expected, as Germany’s economy avoids second contraction in a row

The Guardian - UK

NASA generated $76 billion for US economy in 2023, report says

NASA's efforts in science, exploration and beyond are helping drive significant economic growth across America, according to an agency study.

Space

Starmer: Publishers should have control over content as AI technology develops

The Prime Minister said news media and the creative sector are ‘central to this government’s driving mission on economic growth’.

The Independent UK

Tax reform may be shunned in state economic growth plan

The Victorian government has been warned businesses will flee interstate if it turns its back on loosening tax settings in an upcoming economic growth plan.

AAP

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UK economic growth forecasts downgraded for next two years – economists

EY Item Club’s latest quarterly economic forecast points towards 0.9% growth in 2024.

Evening Standard

China Should Use Fiscal Policy To Boost Growth: IMF

The Chinese government should use its tax-and-spend policies to help boost flagging economic growth, a senior IMF official told AFP ahead of key meetings this week in Washington.

International Business Times

Budget 2024: Boost for Labour Chancellor Rachel Reeves as IMF ramps up economic growth forecast for Britain

The leading economists increased their prediction for GDP growth in the UK in 2024 from 0.7 per cent to 1.1 per cent

Evening Standard

Apple CEO Visits China For Second Time This Year As Sales Slump

The iPhone maker remains popular among Chinese consumers but has ceded ground to domestic rivals in recent years as the Asian nation faces slowing economic growth and sluggish consumption.

International Business Times

Crude Posts Moderate Gains on Chinese Stimulus

Nov WTI crude oil (CLX24 ) Monday closed up +1.34 (+1.94%), and Nov RBOB gasoline (RBX24 ) closed up +1.27 (+0.63%). Crude and gasoline prices Monday posted moderate gains. Monday's action by Chinese banks to cut interest rates may spur economic growth and is bullish for crude prices. Also, heightened...

Barchart

Crude Climbs as China Boosts Stimulus Measures

Nov WTI crude oil (CLX24 ) today is up +0.88 (+1.27%), and Nov RBOB gasoline (RBX24 ) is up +0.10 (+0.05%). Crude and gasoline prices today are moderately higher. Today's action by Chinese banks to cut interest rates may spur economic growth and is bullish for crude prices. Also, heightened...

Barchart

Indonesia's President Subianto Swears In Largest Cabinet Since 1966

President Prabowo Subianto inaugurates Indonesia's largest Cabinet since 1966, focusing on robust governance and ambitious economic growth goals.

Top News

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International Business Times

Indonesia's Prabowo Targets Growth Spurt With Big Projects

Indonesian President Joko Widodo leaves office Sunday with high approval ratings thanks to strong economic growth, but his successor Prabowo Subianto has bigger ambitions, including an eye-catching $28 billion free meal plan for students.

The Guardian - AU

China posts slowest economic growth in 18 months as optimism fades over stimulus

Blistering sharemarket rally of recent weeks recedes as expectations cool towards long-awaited ‘bazooka stimulus’ for ailing property sector

International Business Times

Asian Markets Swing As China Economic Growth Slows

Asian markets fluctuated Friday after China posted its weakest economic growth in a year and a half, as gold prices hit a record high and following a tepid lead from Wall Street.

Barchart

Crude Slightly Higher on US Economic Strength and a Fall in Weekly EIA Crude Supplies

Nov WTI crude oil (CLX24 ) today is up +0.08 (+0.11%), and Nov RBOB gasoline (RBX24 ) is up +0.20 (+0.10%). Crude prices today are slightly higher on stronger-than-expect US economic news that supports economic growth and energy demand. Also, today's rally in the S&P 500 to a new record...

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The Independent UK

European Central Bank poised to cut rates again as inflation drops below target

The European Central Bank, which sets interest rates for the 20 countries that use the euro currency, is expected to cut borrowing costs once again on Thursday after figures showed inflation across the bloc falling to its lowest level in more than three years and economic growth waning

The Conversation

Canada’s medical cannabis system changed but didn’t disappear after recreational legalization

When Canada legalized recreational cannabis use on Oct. 17, 2018, there were concerns about the potential impacts. Would it trigger greater cannabis use, boost economic growth or otherwise affect the country’s health, safety and finances?

The Conversation

China’s government is about to spend big on stimulus – can it turn around the country’s sluggish economy?

China’s relentless economic growth used to be the marvel of the world. Oh, what a memory.

The National (Scotland)

Lower economic growth due to Brexit a 'fact of life', says Wes Streeting

A UK Government minister has said that lower economic growth as a result of Brexit is a “fact of life” after refusing to consider re-joining…

Al Jazeera

Malaysia’s stock market, once dubbed ‘world’s worst’, is making a comeback

Malaysian stocks are having a moment in the sun amid robust economic growth and influx in investment by US tech giants.

France 24

Unleashing the economic potential of second-hand clothing

Second-hand clothing can help countries meet environmental targets, and drive economic growth - but needs support. A new report says governments need to help unleash the sector's economic potential. Karina Bolin, President of Humana People to People Italia, says it's important to focus on textiles of good quality, rather than…

International Business Times

Starmer Vows To Cut Red Tape As He Urges Foreign Investors To 'Back' UK

Prime Minister Keir Starmer on Monday told global business leaders it was "time to back Britain", as he hosted a major summit aimed at securing much-needed funds to fuel economic growth after post-Brexit chaos.

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