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The Latest Breaking News from GDP

World Bank slashes India's FY23 GDP forecast to 7.5%

NEW DELHI: The World Bank revised India's economic growth forecast for financial year 2022-23 to 7.5 per cent on Tuesday.

The Times of India

Saudi GDP Grows 9.9% in Q1

Saudi Arabia's gross domestic product grew 9.9% in the first quarter, the fastest in a decade and more than a flash estimate last month of 9.6%, official data showed on Tuesday. It was the fastest expansion since the third quarter of 2011 with the increase in oil production a key…

Asharq Al-Awsat

Jordan Lays Out 10-Year Blueprint to Revive Economy

Jordan unveiled on Monday a major development strategy for the Middle Eastern country up to the next 10 years targeting doubling its growth to help it rejuvenate an economy hit by regional turmoil. The plan was a major plank of reforms pushed by King Abdullah since last year to help…

Asharq Al-Awsat

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Katy Gallagher says the government has inherited the worst set of budget books in history. Is that correct?

Finance Minister Katy Gallagher says the incoming Labor government has inherited the worst set of budget books in history. Is that correct? RMIT ABC Fact Check investigates.

ABC News

Why India needs a Fiscal Council

Fiscal transparency and accountability must be ensured to create room for market confidence in a high public debt regime

The Hindu

Uttarakhand CM Pushkar Singh Dhami asks authorities to focus on Gross Environment Product (GEP) along with GDP

NAINITAL/RUDRAPUR: On the occasion of World Environment Day, chief minister Pushkar Singh Dhami held a video-conferencing session with forest authorities and all 13 district magistrates. At the meeting, the CM asked authorities to assess the state's Gross Environment Product (GEP) at regular intervals.

The Times of India

Address £1.5 trillion financing gap to accelerate economic growth, says research

A new report by Lakestar said the Government could triple GDP growth by attracting £75 billion of extra investment each year.

The Independent UK

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Modinomics and the long distance to the finish line

The Indian economy needs a new economic policy that has clear objectives unlike the incoherent announcements now

The Hindu

Gujarat paradox: High GDP, low nutrition

AHMEDABAD: The RBI State Data Handbook for 2019-20 ranked Gujarat number one in India in per capita net state domestic product (NSDP) at Rs 3. 03 lakh which was nearly double than the national average of Rs 1. 51 lakh.

The Times of India

Scottish GDP rises by 1% during first quarter

Economic growth driven by increased outputs in the construction and services sectors

Insider UK

National Institute of Metrology (Thailand) thrives in digital era as it marks its 24th Anniversary

Thailand’s GDP is expected to grow around to a relatively high 3.2% in 2023. In Southeast Asia, Vietnam, Cambodia, Philippines, Malaysia, and Indonesia are also contributing to the regional strong growth prospects.

Bangkok Post

Choppy waters: On India’s post-COVID recovery

The economy’s post-COVID recovery is far from complete; spurring consumption is the key

The Hindu

Australian businesses benefited from rising prices. Workers? Not so much

Strong GDP figures and growth is disguising what’s really happening: a shift to an economy where workers get less and less of their fair share

The Guardian - AU

GDP numbers a positive surprise, says SBI report

NEW DELHI: The gross domestic product (GDP) numbers released by the Centre on Tuesday do not disappoint much, instead it inspires the market, economists at the State Bank of India (SBI) said in a report.

The Times of India

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Tribune News Service

Analysis: Unexplained tax revenue growth vexes budget scorekeepers

WASHINGTON — The term “unexplained” doesn’t appear too often in official government documents, unless they are dealing with possible paranormal events, like UFOs. Yet the reference is sprinkled throughout the Congressional Budget Office’s latest budget and economic outlook to describe the recent strength in federal tax receipts that’s blown away…

Benzinga

Russia's Manufacturing Activity Moves Into Expansion Territory For First Time Since Ukraine Invasion

Russia's invasion of Ukraine proved determinantal to the smaller nation, with the World Bank estimating a 45% contraction in Ukraine's GDP in 2022. The aggressor also had to pay a price, as evidenced by a slowdown in growth.

The Japan News/Yomiuri

Economic, fiscal reform draft hints at spending 2% of GDP for defense

Much attention was focused on how the draft of the government's economic and fiscal reform policy would refer to an increase in defense spending. Released Tuesday, the draft of the Basic Policy on Economic and Fiscal Management and Reform ultimately did not specify the range of increase, but did refer…

Roll Call

Unexplained tax revenue growth vexes budget scorekeepers - Roll Call

Analysis: The CBO’s latest budget and economic outlook, which describes recent strength in federal tax receipts, is a head-scratcher.

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Asharq Al-Awsat

Saudi Launches 200 Projects in 74 Countries to Support Kingdom’s Non-Oil Exports

More than 200 projects were launched in 74 countries to support the export of Saudi national products, revealed a recent report that monitored the level of achievements of the Kingdom's Vision 2030 in 2021. The projects come within the framework of supporting Saudi products’ access to international markets, the report…

The Guardian - AU

Australia’s economic growth slows in March quarter despite rise in household spending

GDP figures show annual rate of growth in the Australian economy declined from 4.2% in December quarter to 3.3% in first three months of 2022

ABC News

GDP growth beats expectations, but who benefits most as profits outpace wages?

Australia's economic growth beat analyst forecasts over the first few months of the year, but there is evidence the benefits are being felt more by business owners than workers.

ABC News

The Loop: A new Labor cabinet to be sworn in, Ukraine jails more Russians, and fresh research into old sharks

Get up to speed on today's headlines with The Loop.

ABC News

GDP measures economic growth and recessions but what if we're counting the wrong things?

GDP figures tell us the value of most things produced in Australia in a three-month period. But what if we’re counting the wrong things?

The Times of India

India's GDP slowdown in Q4 due to pandemic, high commodity prices

NEW DELHI: The slowdown seen in India's GDP growth to a four-quarter low of 4.1 per cent in January-March period of 2021-22 was mainly on account of impact of the third Covid wave and high commodity prices, opined experts.

The Times of India

Stagflationary risk low for India compared to others, says CEA

NEW DELHI: Chief economic adviser (CEA) V Anantha Nageswaran on Tuesday ruled out the risk of stagflation for India, saying the economy is better placed than other nations.

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