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The Latest Breaking News from Economic Growth

Outlook for economic activity slightly more upbeat

Australia's economic growth is still tracking towards lower-than-usual performance despite future-looking indicators showing a glimmer of improvement.

AAP

Editorial: Was it ‘Bidenomics’ that brought down inflation?

In a major economic policy speech in the lobby of Chicago’s old main post office in June, President Joe Biden enthusiastically branded his economic growth strategy as “Bidenomics,” a term that was basically created by The Wall Street Journal and the Financial Times but, like “Obamacare,” has been embraced by…

Chicago Tribune

Jeremy Siegel says we are in a 'Goldilocks economy' and the Fed doesn't need to raise interest rates anymore

“It’s a Goldilocks economy—strong economic growth and falling inflation,” the veteran market watcher told CNBC Friday.

Fortune

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Ian Blackford: This paper shows how we build a confident independent Scotland

IAN Blackford has insisted a fresh paper on how sustainable economic growth can be achieved across Scotland’s world-class sectors will allow the…

The National (Scotland)

The main points from new paper on driving Scotland's economic growth

A NEW paper commissioned by Ian Blackford has seen experts lay out key areas for Scotland to focus on in delivering economic growth.

The National (Scotland)

Paper reveals 'sheer scale of opportunity' for indy Scotland's economic growth

A FRESH paper mapping out how improved green economic growth can be achieved in an “underperforming” Scotland has been launched.

The National (Scotland)

Twenty-five helipads operational in Arunachal Pradesh: CM Pema Khandu

“The Arunachal Pradesh government is making investments to create a robust air- and road network that will help improve connectivity and promote economic growth,” Chief Minister Pema Khandu has said.

The Hindu

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As the West battles inflation, for China ‘the risk is persistent deflation.’ Here’s why it could be a disaster for the world’s second largest economy

EY’s chief economist, Gregory Daco, tells Fortune to look at Japan: Elevated debt and a deflationary environment is “the worst of both worlds.”

Fortune

Economic growth sustained as inflationary pressures recede further - report

Latest PMI report from NatWest and signals growth for the fifth month in a row

Birmingham Post

Explained | The promise and challenges of a carbon circular economy

The circular economy’s promise is to lower our dependence on natural resources without compromising on economic growth. The question is whether such an economy can be created for carbon specifically, and the challenges therein. A climate scientist explains.

The Hindu

Welsh economy data ‘isn’t pretty reading’, Conservative ex-Wales secretary warns

Stephen Crabb urged the Westminster Government to do more to boost economic growth in Wales.

The Independent UK

OPEC meeting kicks off with benchmark oil prices under pressure

In spite of an agreement struck in April to cut production of crude by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, oil prices still haven't seen a boost. In this edition, we see that concerns over global economic growth are outweighing the production cuts. Also, European…

France 24

Cardiff and Swansea lag behind in attracting overseas investment

A new economic study ranks UK cities on their ability to attract foreign direct investment

Birmingham Post

Stocks to rebound on government optimism - analysts

Thailand’s stocks may rebound in the fourth quarter as the appointment of a new government will likely bolster optimism about the prospects of fiscal stimulus spurring sluggish economic growth, according to a survey of analysts.

Bangkok Post

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The Conversation

Two more RBA rate hikes, tumbling inflation, and a high chance of recession: how our forecasting panel sees 2023-24

Of the 27 leading economists assembled by The Conversation to forecast the financial year that’s just begun, every one expects inflation to continue to fall.

Fortune

China is ‘entering a balance sheet recession’ as borrowers shy away from new debt in a potential replay of Japan's 'lost decades'

China's post-COVID boom has fizzled this year, new data shows. Nomura Research Institute's chief economist warns it's just the beginning of the pain unless the government steps in.

Bangkok Post

Adam Smith 300 years later

This year marks the 300th anniversary of the birth of Adam Smith, the founding father of modern economics. It comes at a time when the global economy faces several daunting challenges.

The Independent UK

US economic growth last quarter is revised up to a 2% annual rate

The U.S. economy grew at a 2% annual pace from January through March as consumers spent at the fastest pace in nearly two years, the government said Thursday in a sharp upgrade from its previous estimate

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Chicago Tribune

With ‘Bidenomics,’ President Biden aims for middle-class voters as he discusses economy during Chicago address

CHICAGO — President Joe Biden sought to revitalize support for his reelection among middle-class voters before a Chicago audience Wednesday, branding his efforts at economic growth, job creation and inflation fighting as “Bidenomics” to counter lagging job approval ratings.

Bangkok Post

World Bank lifts Thailand growth forecast

The World Bank has upgraded its economic growth forecast for Thailand, saying improved performance will be helped by private consumption growth and a recovery in tourism.

Barchart

Crude Oil Prices Close Lower as Economic Concerns Dominate

August WTI crude oil (CLQ23 ) Tuesday closed down -1.67 (-2.41%), and Aug RBOB gasoline (RBQ23 ) closed down -3.27 (-1.33%). Crude oil fell as concern resurfaced about Chinese and global economic growth. ECB President Lagarde Tuesday reiterated hawkish comments. Also, there is no longer any concern about Russian oil...

Barchart

Crude Oil Prices Lower as Economic Concerns Dominate

August WTI crude oil (CLQ23 ) today are down -0.78 (-1.12%), and Aug RBOB gasoline (RBQ23 ) are unchanged. Crude oil are lower today as concern resurfaces about Chinese and global economic growth. ECB President Lagarde today reiterated hawkish comments. Also, there is no longer any concern about Russian oil...

The Independent UK

China's premier says economic growth is accelerating and the country can hit its 5% target this year

China’s No. 2 leader says economic growth accelerated in the latest quarter and he expressed confidence it can hit the ruling Communist Party’s official target of 5% for the year

Al Jazeera

Greece’s New Democracy sets ambitious goals in second term

Party has its work cut out to raise investment, economic growth and wages while lowering debt and unemployment.

Bangkok Post

Headwinds in the third quarter

In the third quarter, we believe the global economy will face three risk factors: economic slowdown, with inflation and interest rates remaining high; risks from tighter financial liquidity; and slower economic growth in China and emerging markets.

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