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The Latest Breaking News from GDP

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

Caixin Global

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).

The Conversation

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…

Los Angeles Times

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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…

Asharq Al-Awsat

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

Slower growth is needed to help cool inflation.

Axios

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…

Bangkok Post

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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…

Asharq Al-Awsat

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.

Bangkok Post

‘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

The Guardian - UK

Global economy loses $1.6 trillion as world struggles to avoid a new cold war

LONDON: The ties that bind the global economy together, and delivered goods in abundance across the world, are unravelling at a frightening pace.

The Times of India

A budget for the ‘squeezed middle’ – but will it be the political circuit-breaker Labour wants?

One way to make sense of Finance Minister Grant Robertson’s fifth budget speech was to see it as a political performance working on different levels.

The Conversation

Japan's economy shrinks amid Covid-19 curbs and rising prices

Japan's GDP fell at an annualised rate of 1 percent in the first three months of this year as the Omicron variant of the coronavirus hampered consumer spending. Rising commodity prices also weighed on businesses in the world's third-largest economy. Plus, as unemployment remains stable in France at 7.3 percent,…

France 24

IMF: Pandemic School Closures Could Inflict Lasting Economic Toll

School closures during the pandemic have set back children's learning in many G20 countries and could have a long-lasting negative impact on GDP in advanced economies, the IMF said Tuesday. Recent assessments of schoolchildren show that widespread virtual learning during the Covid-19 pandemic resulted in lower academic levels in India,…

Asharq Al-Awsat

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The Times of India

‘At 2.4 million in 2019, India led world in pollution deaths’

NEW DELHI: Pollution led to over 2.3 million (23 lakh) premature deaths in India in 2019, accounting for over a fourth of the nine million such fatalities worldwide, an update to The Lancet Commission on Pollution and Health published in The Lancet Planetary Health said. Economic losses from modern forms…

Bangkok Post

Q1 GDP growth tops forecast but Ukraine war hits 2022 outlook

Thailand's economy grew faster than expected in the first quarter supported by a pickup in agriculture and an easing of Covid-19 curbs, but higher inflation remained a drag on a fragile recovery.

The Times of India

Spiraling inflation may boost gold demand as a hedge: Report

MUMBAI: Despite the World Gold Council's projection of a dip in consumer demand for the precious metal this fiscal on the back of rising prices and record imports last fiscal, a foreign brokerage report has suggested that the demand may rise more than generally projected as households may snap up…

The Times of India

Wheat export ban: India's extreme heat wave having ripple effects on world's food supply

NEW DELHI: In a surprise move, the government banned export of wheat, thereby pushing up prices to new record highs.

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Benzinga

5 American Stocks To Buy To Bet On An Economic Rebound: From Amazon To Coca-Cola

U.S. GDP dropped 1.4% in the first quarter of 2022, and the SPDR S&P 500 ETF Trust (ARCA: SPY) is down 16.3% year-to-date as investors become increasingly concerned about the possibility of a U.S. recession in 2022.

The Japan News/Yomiuri

Panel: Ministry data tampering to slightly affect GDP

A government panel investigating data tampering by the infrastructure ministry has estimated that construction orders were inflated by up to 5.1 trillion yen a year, according to sources.

Bangkok Post

Poll: Economy likely grew modestly in Q1

Thailand's economy likely grew modestly in the first quarter, thanks to robust exports and an easing of Covid-19 restrictions and despite low tourist arrivals and high inflation dampening consumer spending, a poll found.

Evening Standard

What is a recession? Gordon Brown warns Trump is pushing the world towards recession

‘No more than a narrow window of opportunity remains if we are to prevent an unnecessary global recession,’ warns former prime minister

The National (Scotland)

'Incompetent' PM and Chancellor blamed as UK heads for recession

BORIS Johnson’s “catalogue of failure” is inflicting poverty on millions of people, the Scottish Greens have warned as the UK was forecast…

Manchester Evening News

Recession fears as UK economic growth slows to weakest seen so far this year

Official figures showed that the UK economy contracted in March as fears mounted that the cost of living crisis would send the country into recession

The Independent UK

UK growth slows to weakest for a year as recession fears grow

The Office for National Statistics said GDP rose by 0.8% between January and March, down from growth of 1.3% in the previous three months.

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