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The Latest Breaking News from GDP

GDP grows 8.7% in FY22: Highest in 22 years

NEW DELHI: India's gross domestic product (GDP) for financial year 2021-22 expanded to 8.7 per cent, highest in 22 years in terms of back series data.

The Times of India

Wales the only UK nation to see its economy shrink

Figures from the Office for National Statistics show the Welsh economy contracted in Q3 on 2021 compared to the previous quarter

Birmingham Post

UK credit card borrowing soars by most since 2005 as mortgage approvals slide – as it happened

Number of UK mortgages approved hit two-year low in April, as consumers spend more on credit as inflation rises

The Guardian - UK

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Tobacco affects GDP, environment, kills non-smokers: Docs

NAGPUR: Most of us know that tobacco kills tens of thousands of people at a young age in India, with Vidarbha being the capital of oral cancer due to the excessive consumption of ‘kharra’, the local form of chewable tobacco. But the loss is not just limited to those who…

The Times of India

8 years, 8 indicators: How economy fared under Modi government

NEW DELHI: Prime Minister Narendra Modi-led BJP government embarked upon their journey in 2014 to create an India that is self-sufficient in all aspects and where all sections of the society have access to basic amenities.

The Times of India

Market Wrap: ASX200 set to start the week on a high, while Omicron and floods decelerate growth

The ASX200 locked in a second straight week of gains closing 0.5 per cent higher at 7182, supported by gains in the materials and financial sectors.

The New Daily

Qatar Central Bank Expects GDP Growth of 3.5% in 2022

Qatar’s gross domestic product (GDP) should grow 3.5% in 2022, Central Bank Governor Sheikh Bandar bin Mohammed bin Saoud Al-Thani told a conference on Sunday in Doha. In his opening keynote at The Euromoney Qatar Conference on Sunday, Sheikh Bandar announced that the bank is working on designing a new…

Asharq Al-Awsat

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‘China in mind’: Japan mulls beefing up military as Ukraine war rings alarm

Country could double spending and acquire ‘first-strike’ capability in shift away from defensive postwar posture

The Guardian - AU

Alan Kohler: Jim Chalmers needs an inquiry into tax

By far the best thing Jim Chalmers could do for his party and the country would be to find a way to escape the 23.9 per cent limit on tax to GDP.

The New Daily

Is the Market Rally for Real This Time?

Another impressive rally this week after flirting with bear market territory. The question on everyone's mind...Is it safe yet??? Meaning are we done with this correction and getting back to bull market conditions. Or is this yet another temporary rally that gives way to the next leg lower? Exploring those…

StockNews.com

Saudi Arabia Ranks 1st Globally in Date Exports at $324 Mln

Saudi Arabia has ranked first globally in terms of the value of date exports in 2021, which stood at SAR1.215 billion ($320 million), according to the International Trade Center’s TradeMap. The National Center for Palms and Dates stated that the achievement reflects the wise leadership’s keenness to enhance non-oil exports…

Asharq Al-Awsat

Explained | What is the Indo-Pacific Economic Framework for Prosperity?

The U.S.-led economic grouping of a dozen countries representing 40 per cent of the global GDP proposes to advance resilience, economic growth, competitiveness and fairness in member countries. However, some analysts view it as a move to counter China’s growing influence in the region.

The Hindu

India’s GDP to take a big hit due to pandemic-linked learning losses for students: ADB study

The decline would be the highest among those of South Asian countries, say analysts

The Hindu

SBI economists peg Q4 GDP growth at 2.7%, FY22 expansion at 8.5%

MUMBAI: Upcoming release of official data for economic performance is likely to register a 2.7 per cent growth for the January-March period, and the FY22 growth is expected to be 8.5 per cent, economists at SBI said on Thursday.

The Times of India

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Benzinga

Economic Data Scheduled For Thursday

Gross Domestic Product report for the first quarter is scheduled for release at 8:30 a.m. ET. The second estimate for first-quarter GDP is expected to show a 1.3% contraction versus the first estimate's 1.4% contraction.

Caixin Global

China’s Premier Puts Greater Emphasis on Growth

Li Keqiang tells State Council China needs to strike a better balance between pandemic control and economic development as Covid measures weigh on GDP

The Conversation

5 ways entrepreneurs can become more psychologically resilient

Entrepreneurship is the backbone of any free-market economy. Globally, small and medium-sized businesses represent roughly 90 per cent of businesses and employ over 50 per cent of the workforce. They also contribute about 45 per cent to gross domestic product (GDP).

Los Angeles Times

The catastrophic success of China’s zero-COVID policy

For two years, it seemed as though China’s ruthless COVID-19 policy had paid off. After stumbling in its initial efforts to stem the pandemic, China’s rulers fixed a simple numeric target — zero COVID cases — and made sure everyone knew they had to reach it. The results looked severe…

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Asharq Al-Awsat

ICT Sector Could Contribute $53 Bln to Saudi GDP in 2022

The information and communication technology (ICT) sector’s contribution to the Saudi GDP reached SAR 146.9 billion ($39 billion) during the past year, with predictions it could reach SAR 200 billion ($53 billion) in 2022, a recent report revealed. Published by the Research and Information Center of the Chamber of Commerce…

Asharq Al-Awsat

Saudi Finance Minister Expects 7.4% Growth in 2022

Saudi Finance Minister Mohammed al-Jadaan announced that the Kingdom expects a 7.4 percent growth in 2022. Speaking at a panel on the economic outlook for the MENA region at the World Economic Forum in Davos (WEF), Jadaan explained that Saudi oil GDP would grow 19 percent this year due to…

Axios

Economists are marking down growth forecasts — and that's good news

Slower growth is needed to help cool inflation.

Bangkok Post

Have we hit the limits to growth?

Fifty years ago this spring, one of the most influential books of the twentieth century was published. Written for the Club of Rome by Donella Meadows and colleagues at MIT, The Limits to Growth used new computer models to forecast an uncontrollable collapse in the global population and economy if…

Asharq Al-Awsat

Tunisia Expects 9.7% Deficit in 2022 Budget

Tunisia’s budget deficit will expand to 9.7% of GDP this year, compared to a previously expected 6.7%, due to the stronger dollar and sharp increase in grain and energy prices, the central bank governor said on Friday. Marouan Abassi added at an economic conference in Sfax that Tunisia needs additional…

Bangkok Post

Worries about economic slowdown depress stocks

Recap: Global shares moved higher on Friday but were still heading for losses compared with a week earlier as investors remain worried over high inflation and an economic slowdown.

The Guardian - UK

‘Do whatever it takes’: Beijing urged to act as China’s economy falters

Attempts to boost flagging GDP growth hindered by Covid lockdowns, Ukraine war and Sino-US tensions

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