The Latest Breaking News from Economic Growth

Why are some nations rich and others poor? Can the governments of poor nations do something to ensure that their nations become rich? These sorts of questions have long fascinated public officials and economists, at least since Adam Smith, the prominent Scottish economist whose famous 1776 book was titled “An…

Much of the UK has been crippled by the largest rail strike in decades. Some 40,000 workers participated in Tuesday's walkout, calling for higher wages to deal with the spiralling cost of living. Experts say the disruptions will weigh on economic growth. Also in the show: EasyJet is on the…

The University of the Thai Chamber of Commerce (UTCC) yesterday downgraded its economic growth forecast to 3.1%, from the 4.2% projection it made in November 2021, largely due to rising global energy prices.

Banks are raising rates to bring down inflation but there is a risk to economic growth

Oil prices recovered on Thursday from a steep drop in the previous session, supported by tight oil supply and peak summer consumption, after a US rate hike sparked fears of slower economic growth and less fuel demand. Brent crude futures rose 77 cents, or 0.7%, to $119.28 a barrel by…

For the first time in several generations, inflation is a concern for people in the UK. The Consumer Price Index (CPI) rose by 9% in the year to April 2022, the highest 12-month inflation rate since reliable records began. At the same time, GDP growth has slowed to almost zero,…

Oftentimes those who oppose adult-use cannabis argue that its legalization will trigger a rise in crime rates.

Starting in the 1980s, transnational production enabled the expansion of global trade and low prices for goods, contributing significantly to economic growth. But the shocks caused by the Covid-19 pandemic and the Ukraine war have shown firms that the efficiency gains implied by the global division of labour -- and…

For the Chinese economy to stabilize, it is important to revitalize private and foreign investment, and boost market players’ confidence in China’s economic prospects