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The Latest Breaking News from Economic Growth

African leaders at odds over climate plans as crucial Nairobi summit opens

Oil-producing African nations have argued they should be able to use fossil fuel resources for economic growth

The Guardian - UK

Central banks say interest rates will stay high but it's unclear if this will be enough to curb inflation

The US central bank, the Federal Reserve, has recently signalled that it will keep interest rates high for as long as it takes to bring inflation down to its 2% target.

The Conversation

US economic growth for last quarter is revised down to a 2.1% annual rate

The U.S. economy expanded at a 2.1% annual pace from April through June, showing continued resilience in the face of higher borrowing costs for consumers and businesses, the government said in a downgrade from its initial estimate

The Independent UK

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Crude Settles Modestly Higher on Energy Demand Optimism

October WTI crude oil (CLV23 ) on Monday closed up +0.27 (+0.34%), and Oct RBOB gasoline (RBV23 ) closed down -7.81 (-2.95%). Crude oil and gasoline prices Monday settled mixed. The actions by China over the weekend to boost its markets sparked optimism that it could revive economic growth that...

Barchart

Crude Moves Higher on Chinese Energy Demand Optimism

October WTI crude oil (CLV23 ) this morning is up +0.30 (+0.38%), and Oct RBOB gasoline (RBV23 ) is down -7.28 (-2.75%). Crude oil and gasoline prices this morning are mixed. The actions by China over the weekend to boost its markets sparked optimism that it could revive economic growth...

Barchart

Tamil Nadu’s economic growth geographically equitable, says Finance Minister

Tamil Nadu's FM says growth spread across State; GSDP up 8.19%, inflation 5.97%. State focussing on manufacturing to generate employment, schemes to keep inflation low.

The Hindu

T.N. CM Stalin inaugurates UPS technology centre in Chennai

Tamil Nadu CM M.K. Stalin inaugurated UPS' first Technology Centre in India, in Chennai. He expressed pride in the decision and assured to keep up the trust companies have in TN. TN Logistics Policy & Integrated Logistics Plan 2023, Multi-modal Logistics Park in Mappedu & Coimbatore, 30 GCCs providing 47,000…

The Hindu

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Tamil Nadu’s economic growth increased to 8% at constant prices in 2021-22, 2022-23

The Hindu

Can China Restore Confidence in its Stock Market?

China’s Shanghai Composite ($CHSC ) fell to an 8-month low today and has given up all of this year’s gains. After the Shanghai Stock Index rallied to a 13-month high in May, China’s post-Covid recovery faltered, and its property debt crisis worsened, which weighed on economic growth and undercut stock...

Barchart

A very different country: 2060s Australia as seen by the Intergenerational Report

The Australia of the 2060s will be very different from the one we know today. It will be older, with slower economic growth, a big “care” economy, and an export sector that is radically transformed due to the imperatives of climate change.

The Conversation

Surprisingly durable US economy poses key question: Are we facing higher-for-longer interest rates?

A year ago, Chair Jerome Powell warned that to fight high inflation, the Federal Reserve would continue to sharply raise interest rates, bringing “some pain” in the form of job losses and weaker economic growth

The Independent UK

New water plan announced – as it happened

This blog is now closed.

The Guardian - AU

China's Industrial Policy Is Failing. Will American Politicians Take Notice?

Panic over China's rapid economic growth has fueled all manner of big-government proposals. They're looking even more foolish now.

Reason

New faces in Cambodia's parliament as king welcomes incoming lawmakers

Cambodia’s king has congratulated the country’s new lawmakers and urged them to promote economic growth and equality

The Independent UK

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The Guardian - AU

Last decade saw Australia’s lowest productivity growth in 60 years, intergenerational report says

Labor to lay out new economic growth plans in response including focus on digital technologies and aiming to become a ‘renewable energy super power’

The Hindu

Indian economy shining as beacon of hope in challenging times, says PM Modi

PM Modi hails Moneycontrol's 'Bullish on India' campaign, says India's economy is shining as a beacon of hope, setting stage for optimism. Campaign seeks to analyse key drivers of India's economic growth, foster awareness of nation's potential in face of global economic slowdown.

The Hindu

Centre aims to have at least one medical college in each district of the country: Union Minister V.K. Singh

Union Minister V.K. Singh said medical colleges should be set up in each district to provide practical sessions for students. Union govt. is confident of India's economic growth & has received investments from 162 countries. G. Viswanathan, founder-chancellor of VIT, urged Union govt. to increase funds for higher edu. &…

The Conversation

How gender inequality is hindering Japan's economic growth

Japan’s economy is under pressure from rising energy prices and defence costs and the impact of the pandemic. Plummeting birth rates and an ageing population further threaten the sustainability of its labour market. A 2023 study by independent thinktank the Recruit Works Institute points to a labour supply shortage of…

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Barchart

2 Chinese Stocks to Buy Now, Despite Economic Growth Concerns

While China's economic growth has disappointed in 2023, Alibaba and Xpeng Motors are two attractively priced Chinese stocks worth buying at current levels.

The Hindu

A surge foretold: On inflation data

Authorities need to act in concert to tame inflation before it undermines India’s broader consumption and economic growth

The Independent UK

Japanese economic growth surges on strong exports and tourism

Japan’s economic growth jumped at an annual pace of 6% in the April-June period, marking the third straight quarter of growth as exports and inbound tourism recovered

The Independent UK

Brazil's Lula unveils $200 billion infrastructure plan as skeptics caution about spending spree

Brazilian President Luiz Inácio Lula da Silva has unveiled a plan to spend 1 trillion reais (nearly $200 billion) on infrastructure, energy and transportation over the next four years in a bid to boost economic growth and employment in Latin America’s largest nation

Evening Standard

City braces for insight into impact of rate hikes on economic growth

GDP data for June is due, from a month of rate hikes, hot weather and strikes

The National (Scotland)

UK 'heading for five years of lost economic growth', report concludes

THE UK is on course to experience “five years of lost economic growth”, according to a new report.

The Guardian - UK

Bank shares rally as Italy waters down windfall tax; UK heads towards five years of lost economic growth – as it happened

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