The Latest Breaking News from GDP

With U.S. debt above $40 trillion, the IMF chief warns that economic growth alone won’t solve the problem

Treasury Secretary Scott Bessent has said the U.S. can grow its way out of the debt.

Fortune · 2h ago

MoSPI conducting new surveys to improve economic data: Secretary Saurabh Garg

MoSPI is conducting new surveys, including one on cooperatives, to improve India's economic data, Secretary Saurabh Garg said. He expressed confidence in the country's growth trajectory after GDP expanded 7.8% in the first quarter, while highlighting inflation concerns, gaps in measuring household work and care activities, and methodological improvements to…

The Economic Times · 12h ago

India's GDP to grow 7.1-7.3% in FY27 as private investment gains momentum: Deloitte

In the fiscal year 2026-27, India's economy is expected to see growth ranging from 7.1 to 7.3 percent, fueled by a recovery in private investments coupled with enhanced business dynamics. For the past ten years, strong household consumption and substantial public infrastructure investments have driven growth. Nonetheless, uncertainties stemming from…

The Economic Times · 17h ago

Piyush Goyal pitches India as manufacturing, innovation base for Canadian businesses

Union Commerce and Industry Minister Piyush Goyal has urged Canadian businesses to utilize India's manufacturing capabilities. He highlighted the potential for production and exports to global markets beyond India's domestic market. Goyal emphasized India's preferential trade agreements that enhance market access to approximately USD 85 trillion of global GDP. He…

The Economic Times · Oct 15

IMF applauds India’s GDP data revamp, says currency pain is no sign of failure as country entered energy shock with strong fundamentals

The International Monetary Fund has raised India's growth forecast to 7% for this year and next. India is seen as having strong fundamentals which allow it to manage external pressures effectively. The exchange rate fluctuations are not indicative of economic failure according to IMF officials. Structural reforms and domestic demand…

The Economic Times · Oct 15

Global Market: IMF urges governments to cut spending, reduce debt as borrowing costs rise

The IMF has urged governments worldwide to rein in spending, narrow budget deficits and reduce debt as global public debt approaches 100% of GDP. Rising bond yields and borrowing costs are adding to fiscal pressures and limiting room to tackle future economic shocks.

The Economic Times · Oct 14

Lula Zeroed Gasoline Taxes. Economists Explain Who Pays the Bill on October 26

Brazil zeroed gas taxes and expanded diesel subsidies 16 days before its runoff election — but economists say the fiscal bill comes due immediately after the vote.

Latin Times · Oct 14

IMF raises UK growth forecast as economist says Healey should ‘stay the course’

Fund upgrades UK’s GDP growth forecast for 2026 to 1.3%, but says it is likely to edge down next year

The Guardian - UK · Oct 13

PM Modi's free trade push could lead to $140 billion GDP gain for India

A more protectionist US could unexpectedly benefit India as New Delhi expands its free-trade agreements (FTAs) to diversify export markets and attract investment. A World Trade Organization-based model estimates that India’s concluded and proposed trade deals, including agreements with the EU and New Zealand, could add about $140 billion to…

The Economic Times · Oct 13

IMF says AI investment propping up global growth, but war and debt threaten outlook

The International Monetary Fund forecasts a global GDP growth of over 3% for 2026 driven by strong AI investment. Despite this growth, downside risks are increasing, leaving many countries vulnerable to rising debt. Key oil-producing nations are expected to face significant recessions due to ongoing conflicts. The outlook for developed…

The Economic Times · Oct 13