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THE TRUTH ABOUT: 71 | History Defined

EU cuts forecast for economic growth as war's fallout widens

The European Union has slashed its forecasts for economic growth in the 27-nation bloc amid the prospect of a drawn-out Russian war in Ukraine and disruptions to energy supplies

The Independent UK

Why Mortgage and Commercial Loan Rates Won't Go As High As People Think

I’m of the belief that mortgage rates won’t be going as high as some people are forecasting, at least not nearly as quickly. I say this because the dynamic between inflation, FED rate hikes, economic growth, and the bond markets should cause the yield curve to flatten and even invert…

Benzinga

Journey of Humanity by Oded Galor review – inequality explained?

An study of the factors behind economic growth attempts to reveal the ‘great cogs’ that drive development

The Guardian - UK

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Taiwan’s Lost Growth (Part 1): How Far Has Taiwan’s Economy Fallen Behind Other Countries Due To Stagnant Wages?

When wages don’t grow, household expenditures and ultimately business profits stagnate as well. Here’s how this has played out in Taiwan.

The News Lens

China’s Vehicle Production, Sales Plunged in April

Consumers were less willing to buy a car as slowing economic growth and fallout from the pandemic weakened confidence, industry organization says

Caixin Global

‘Localised’ recessions? China’s economy teeters amid lockdowns

Economists warn of negative economic growth in certain sectors and regions if ‘zero COVID’ policy continues.

Al Jazeera

Boris Johnson promises ‘compassion’ but under fire for lack of action on living costs

The Prime Minister used the Queen’s Speech to set out plans to boost economic growth but came under fire for a lack of immediate action

Evening Standard

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Asian stocks follow Wall St down on rate hike, economy fears

Asian stocks have followed Wall Street lower as fears increased that U.S. rate hikes to fight inflation might stall economic growth

The Independent UK

Rate jitters keep stocks on back foot

Recap: Global stocks retreated as markets worried about more US interest-rate increases while Asian shares slumped on a concern that China's Zero-Covid policy may hold back the region's economic growth.

Bangkok Post

Oil Rises as Supply Concerns Persist

Oil prices climbed for a third straight session on Friday, shrugging off concerns about global economic growth as impending European Union sanctions on Russian oil raised the prospect of tighter supply. Brent futures rose $1.75, or 1.58%, to $112.65 per barrel by 1159 GMT, while US West Texas Intermediate (WTI)…

Asharq Al-Awsat

Sensex falls 867 points as realty, financial shares plunge; Nifty ends below 16,450

NEW DELHI: Equity indices tumbled on Friday as investors fretted that fast-paced interest rate hikes to tame surging inflation would slow global economic growth.

The Times of India

Asian stocks follow Wall St lower as rate hike worries grow

Asian stocks have followed Wall Street lower as fears spread that U.S. interest rate hikes to fight inflation might stall economic growth

The Independent UK

Xi Jinping moves to silence Covid Zero critics in sign of brewing tumult

BEIJING: China's top leaders warned against questioning Xi Jinping's Covid Zero strategy, striking a more defensive tone as pressure builds to relax virus curbs and protect the economic growth that has long been a source of Communist Party strength.

The Times of India

China’s top leaders reiterate support for COVID Zero strategy

China’s top leaders warned against questioning Xi Jinping’s COVID Zero strategy, as pressure builds to relax virus curbs and protect the economic growth that has long been a source of Communist Party strength.

Tribune News Service

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Bangkok Post

BLS sanguine on Vietnamese stocks

Bualuang Securities (BLS) is bullish on the Vietnamese stock market despite a sharp decline of 11.6% in April, citing Vietnam's high economic growth prospects.

The Guardian - AU

In an election budget, Victorian treasurer Tim Pallas is fighting a war on many fronts

Analysis: To fight his way back to surplus, Pallas relies on economic growth rather than spending cuts or increased taxes

Asharq Al-Awsat

Oil Falls on China Growth Concerns Even as EU Weighs Russia Import Ban

Oil prices fell on Monday in holiday-sapped trade in Asia as concerns about slowing economic growth in China, the world's top oil importer, outweighed fears of potential supply disruptions from a looming European Union ban on Russian crude. Brent crude futures fell $1.21, or 1.1%, to $105.93 a barrel at…

Salon

Who gained most from the boom of 2021?

Everyone in America gained from the trillions spent on pandemic relief — but billionaires did best of all

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Radio France Internationale

French economy flatlines, growth falls to zero in first quarter

French economic growth fell to zero in the first quarter of the year as households reduced their consumption due to rising inflation and the war in Ukraine, data showed on Friday.

The Conversation

Yes, US economy may be slowing, but don't forget it's coming off the hottest year since 1984 – here's who benefited in 4 charts

The U.S. economy unexpectedly shrank in the first quarter, according to gross domestic product data released on April 28, 2022. While the reasons were technical and weren’t seen as signs of weakness, they add to worries that the U.S. might be headed for another recession as the Federal Reserve seeks…

The Hindu

Are freebies affecting the economic growth of India? | The Hindu Parley podcast

The Centre has often given out freebies not just to the poor but also to corporations

The Hindu

Are freebies affecting the economic growth of India?

There are subsidies that are productive and then there are those that are wasteful

The Conversation

Stories about economic degrowth help fight climate change — and yield a host of other benefits

There is something unprecedented and important in the recent Sixth Assessment Report of the Intergovernmental Panel on Climate Change (IPCC): degrowth. Two of the IPCC’s working groups — those focused on climate change impacts and on mitigation — use the economic term to discuss policies that are key to reducing…

Benzinga

European Regulators Expect Risk Over Non-Payment Of Leveraged Loans: WSJ

Europe’s banking regulator fears that highly indebted borrowers could start struggling to pay off their debt as the economy slow down, higher costs, and interest rates increase. Leveraged financing has skyrocketed in Europe and elsewhere over the past years as central banks unleashed cheap money to propel economic growth.

Bangkok Post

FPO slashes growth on energy outlook

The Fiscal Policy Office (FPO) has downgraded its 2022 economic growth forecast to an average of 3.5% from 4.0%, mainly because of the Russia-Ukraine war and its effect on domestic energy prices, says FPO director Pornchai Thiraveja.

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