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The Latest Breaking News from Economic Growth

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

The Guardian - UK

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

Evening Standard

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’.

The Independent UK

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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,…

Asharq Al-Awsat

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 Independent UK

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.

The Conversation

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

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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…

Evening Standard

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 Hindu

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.

The Independent UK

A basic income grant for South Africa: more money in poor people's pockets, but at a heavy cost

Analyses of the implications of extending income support measures in South Africa, including a basic income grant, have focused on one of three things: how much it will cost, calculations about how much revenue would need to be raised (but without assessing the ripple effects), and how it might affect…

The Conversation

Economic recovery likely intact: Bank of Thailand

Thailand's economic recovery is likely intact and inflation should ease next year, the central bank chief said on Tuesday. Bank of Thailand (BoT) Governor Sethaput Suthiwartnarueput was speaking to a business seminar. The BoT has forecast economic growth of 3.3% for this year and 3.8% next year.

Bangkok Post

Economy set to expand despite global recession

Thailand is expected to eke out annual economic growth of about 3% over the next two years despite a looming global recession, says Bangkok Bank economist Kobsak Pootrakool.

Bangkok Post

Karnataka Minister emphasises on industry-academia collaboration

Minister for IT, BT, Science and Technology C.N. Ashwath Narayan has emphasised the need for industry-academia collaboration with regard to promoting research and development and entrepreneurship so as to ensure economic growth of the country

The Hindu

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Daily Record

Liz Truss hopes Paisley is "proud" of her amid 45p tax rate cut U-turn crisis

Appearing in a TV interview, the Prime Minister was asked if Buddies would be proud to be “associated with her policies".

Evening Standard

Tory Conference 2022: Mayor says he would not have cut top rate of tax

Andy Street suggested that history shows the huge tax breaks offered in the mini budget will fail to boost economic growth.

Daily Mirror

Tory childcare plans branded 'simply laughable' as Liz Truss eyes reforms

Liz Truss is eyeing an overhaul of the childcare system to get more parents back to work as part of her plans to kickstart economic growth

The Conversation

Three reasons a weak pound is bad news for the environment

The day before new UK chancellor Kwasi Kwarteng’s mini-budget plan for economic growth, a pound would buy you about $1.13. After financial markets rejected the plan, the pound suddenly sunk to around $1.07. Though it has since rallied thanks to major intervention from the Bank of England, the currency remains…

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Axios

New data helps solves U.S. economic growth puzzle

By one metric, economic growth was weaker than previously thought.

Kiplinger

Want To Beat Stagflation? Invest Like It's the 1970s

If you're looking to beat sticky inflation and slowing growth in your portfolio, consider using the past as a guide for navigating today's mixed-up economy.

Asharq Al-Awsat

World Bank Cuts 2022 East Asia Growth Outlook

Economic growth in East Asia and the Pacific will weaken sharply in 2022 due to China's slowdown, but the pace of expansion will pick up next year, the World Bank said on Tuesday. The Washington-based lender said in a report it expected 2022 growth in the East Asia and Pacific…

The Guardian - UK

Nature is not an impediment to UK economic growth: it’s vital to it

Our economic system depends on the natural world. Growth that results in the destruction of nature will, in the end, cease, says environmentalist Tony Juniper

Bangkok Post

World Bank report upgrades Thai growth for 2022 to 3.1%

The World Bank has increased its forecast for Thai economic growth this year to 3.1% from 2.9%, according to its "East Asia and Pacific October 2022 Economic Update" released on Monday.

Reuters

IMF urges caution as oil-rich Guyana's economic growth nears 60%

Guyana's economic growth could reach close to 60% this year, the International Monetary Fund said in a statement on Tuesday, urging cautious policies even as the tiny South American nation benefits from surging oil production.

The Conversation

Is the UK in a recession? How central banks decide and why it's so hard to call it

Last week, UK chancellor Kwasi Kwarteng launched a bid to boost economic growth with the largest tax cutting exercise for half a century. What this so-called mini-budget has since overshadowed, however, was an admission by the Bank of England the previous day that the UK may already be in a…

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