Economic growth misses expectations as GDP increases 0.6 per cent in September quarter

Economic growth misses expectations as GDP increases 0.6 per cent in September quarter

Australia’s economic growth has come in slightly below expectations, with GDP growing by 0.6 per cent in the September quarter and 5.9 per cent through the year. Key points: Australia’s economic growth slowed down from a large 0.9 per cent increase in the previous quarter GDP growth came in slightly below the typical economist forecast … Read more

China’s trade suffers worst slump in 2-1/2 yrs as COVID woes, feeble demand take toll

China’s trade suffers worst slump in 2-1/2 yrs as COVID woes, feeble demand take toll

China’s exports worst since Feb. 2020, miss forecast Imports fall steepest since May 2020 on sluggish demand Global economic slowdown, China’s COVID woes heap pressure Politburo meet points to domestic demand key driver in 2023, analyst says BEIJING, Dec 7 (Reuters) – China’s exports and imports shrank at their steepest pace in at least 2-1/2 … Read more

Beijing drops COVID testing burden with wider easing eyed

Beijing drops COVID testing burden with wider easing eyed

Tests no longer needed for supermarkets, offices Latest in a mix of nationwide easing steps Curbs sparked widespread protests last month New national rules due as soon as Weds – sources BEIJING, Dec 6 (Reuters) – People in China’s capital Beijing on Tuesday were allowed to enter supermarkets, offices and airports without having to show … Read more

UK economy to shrink in 2023, risks ‘lost decade’: CBI

UK economy to shrink in 2023, risks ‘lost decade’: CBI

LONDON, Dec 5 (Reuters) – Britain’s economy is on course to shrink 0.4% next year as inflation remains high and companies put investment on hold, with gloomy implications for longer-term growth, the Confederation of Business Industry forecast on Monday. “Britain is in stagflation – with rocketing inflation, negative growth, falling productivity and business investment. Firms … Read more

BTS Members Are Joining The Military — Here's How Much It Will Cost South Korea's Economy – CNBC

BTS Members Are Joining The Military — Here's How Much It Will Cost South Korea's Economy – CNBC

BTS Members Are Joining The Military — Here’s How Much It Will Cost South Korea’s Economy  CNBC

China’s COVID infections hit record as economic outlook darkens

China’s COVID infections hit record as economic outlook darkens

BEIJING, Nov 24 (Reuters) – China reported record high COVID-19 infections on Thursday, with cities nationwide imposing localised lockdowns, mass testing and other curbs that are fuelling frustration and darkening the outlook for the world’s second largest economy. The resurgence of infections, nearly three years after the pandemic emerged in the central city of Wuhan, … Read more

Economists warn of yet more tax rises to come as borrowings hits £13.5bn

Economists warn of yet more tax rises to come as borrowings hits £13.5bn

E conomists today warned that a further round of bruising tax rises in the Spring Budget “cannot be discounted” as public borrowing surged to £13.5 billion in October. The latest increase – up from £9.2 billion last year – pushed total public debt to £2.46 trillion. The represents 97.5% of GDP, the highest ratio since … Read more

G20 summit deplores war in Ukraine ‘in strongest terms’

G20 summit deplores war in Ukraine ‘in strongest terms’

G20 says ‘most members’ condemn war in Ukraine Threat of use of nuclear weapons ‘inadmissible’ -declaration Agreement to calibrate monetary tightening NUSA DUA, Indonesia, Nov 16 (Reuters) – Leaders of the Group of 20 (G20) nations deplored Russia’s aggression in Ukraine “in the strongest terms” on Wednesday and demanded its unconditional withdrawal in a declaration … Read more

Division at G20 over bid to condemn Russia’s Ukraine invasion

Division at G20 over bid to condemn Russia’s Ukraine invasion

Most G20 members could strongly condemn Ukraine war Zelenskiy urges G20 to help end war under his plan Indonesia urges action on global economic problems China’s Xi to hold meetings with several other leaders NUSA DUA, Indonesia, Nov 15 (Reuters) – Disagreement emerged at a Group of 20 (G20) summit on Tuesday as the United … Read more

Biden, Xi prepare to meet ahead of G20 summit overshadowed by Ukraine

Biden, Xi prepare to meet ahead of G20 summit overshadowed by Ukraine

NUSA DUA, Indonesia, Nov 14 (Reuters) – Chinese leader Xi Jinping arrived on the Indonesian island of Bali on Monday for a long-awaited meeting with U.S. President Joe Biden, ahead of a Group of 20 (G20) summit set to be fraught with tension over Russia’s invasion of Ukraine. The two leaders are expected to discuss … Read more