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The Latest Breaking News from GDP

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.

Benzinga

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…

The Japan News/Yomiuri

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.

Roll Call

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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…

Asharq Al-Awsat

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

The Guardian - AU

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

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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?

ABC News

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.

The Times of India

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

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

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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 New Daily

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.

Asharq Al-Awsat

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…

The Guardian - AU

‘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

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The New Daily

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.

StockNews.com

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…

Asharq Al-Awsat

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…

The Hindu

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 Times of India

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.

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.

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