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The Latest Breaking News from GDP

Federal budget delivers long-overdue policy changes for Canada’s charities

The COVID-19 pandemic has dealt a catastrophic blow to Canada’s charitable and non-profit sector. Representing almost nine per cent of the country’s GDP and employing over two million people, the sector experienced an overwhelming demand for services with fewer staff and even less volunteers to meet increased demand during the…

The Conversation

Japan's doubling of its defence budget will make the world a more dangerous place – here's why

Japan is proposing to double its defence budget to around £86 billion, or 2% of its GDP. This move – like recent pledges by Germany to massively increase its military spending in the wake of Russia’s invasion of Ukraine – brings the country full circle since it was militarily neutered…

The Conversation

Five things that economists know, but sound wrong to most other people

Economists have shaped the modern world in many ways. Governments make policy choices in response to the data that we produce about things like GDP and inflation. Social media companies use our insights about human behaviour to create features that encourage people to use their platforms. And we’re at the…

The Conversation

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The importance of emigrants

For India to increase remittances’ contribution to GDP, it doesn’t need more workers but skilling and better management

The Hindu

TS among top 4 contributing States to country’s GDP: KTR

₹28,000 crore spent on irrigation projects in arid Palamur region, says Minister

The Hindu

Cutting through the accusations and acrimony to get to the facts of the second leaders' debate

The second leaders' debate on the Nine Network was full of accusations and acrimony. RMIT ABC Fact Check cuts through the shouting to bring you the facts.

ABC News

$100 Billion Needed Annually to Sustain Infrastructure in MENA Region

Navid Hanif, Director of Financing for Sustainable Development Office at the United Nations, said that the Middle East and North Africa region would need to spend at least 8.2 percent of GDP to achieve infrastructure goals by 2030. “With the population of the Middle East and North Africa expected to…

Asharq Al-Awsat

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Rich Nations Must Stick to Climate Promises, Says US Envoy Kerry

The world's richest nations must implement their promises to keep alive a global goal to avoid the worst impacts of climate change, US climate envoy John Kerry told Reuters on Saturday. Kerry said progress was vital as Egypt prepares to host the next round of UN climate talks, known as…

Asharq Al-Awsat

Ukraine: boosting European defence spending now won't make up for decades of underinvestment

The west has to dramatically “reboot” its approach to dealing with aggressors in the wake of Russia’s invasion of Ukraine, according to UK foreign secretary Liz Truss. “Geopolitics is back”, she told an audience at the Mansion House in London recently in what has been reported as a major foreign…

The Conversation

Can China preserve both its economy and its zero-tolerance COVID-19 policy?

TAIPEI, Taiwan — China's zero-COVID strategy is starting to derail another major item on the government's agenda: economic stability.

Los Angeles Times

4 Stocks to Own to Recession-Proof Your Portfolio

According to experts, the Federal Reserve's efforts to control surging inflation by raising interest rates and reducing the size of its balance sheet could eventually tip the nation’s economy into a recession. Furthermore, a plunge in GDP in the first quarter has amplified the risk of a recession this year.…

StockNews.com

Is the UK heading for a recession and what would that mean for my money? Explained

The Bank of England yesterday issued a stark warning to the British public that the economy is at risk of slipping into a recession as it raised interest rates to 1%

Daily Mirror

How Does the Pharmaceutical Industry Perform During Recessions?

The Fed’s aggressive interest rate hikes and high energy prices will likely fuel recessionary conditions. Moreover, the unexpected decline in GDP in the first quarter indicates a possible economic contraction. Amid such possibilities, the pharmaceutical industry could attract investors’ attention because of the inelastic demand for its products. Today, I…

StockNews.com

Data | Behind the numbers: Perspective on the $400 billion export mark

Even though exports achieved their peak in absolute terms in FY22, as a % GDP they were relatively lower than the levels recorded in FY14

The Hindu

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StockNews.com

Is the Stock Market Bottoming Now?

After the stock market (SPY) made new lows on Monday we have seen a fairly courageous bounce. But will it last??? More likely we are in a bottoming process that will have us make lower, scarier lows before a lasting return to the bull market. Read on below for the…

The Guardian - UK

Russia’s war in Ukraine ‘causing £3.6bn of building damage a week’

Kyiv School of Economics estimates cost of conflict could rise to $600bn, almost four times the nation’s GDP

Asharq Al-Awsat

Fitch Cuts China's 2022 GDP Forecast on COVID Hit

Fitch said on Tuesday it has cut China's GDP growth forecast for 2022 to 4.3% from 4.8%, saying pandemic-related disruptions have had an impact on the country's economy in the first two quarters of the year. The rating agency said it stills expects a quarter-over-quarter GDP contraction in the second…

StockNews.com

Why Today’s Market Differs from the Stagflationary Stock Market Seen in the 70s

Monday stocks retested the S&P 500’s (SPY) lowest levels of the 2022 correction. Yes, shares bounced higher into the open. Unfortunately that tells us nothing about what comes next. So let's explore what is causing stocks to push to new lows...what the tea leaves say about where stocks go from…

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ABC News

Anthony Albanese says debt and deficit have never been higher. Is that correct?

Opposition Leader Anthony Albanese says that debt and deficit in Australia have never been higher. RMIT ABC Fact Check takes a look at the history books.

Asharq Al-Awsat

Saudi Economy Grows by 9.6% in 1st Quarter of 2022, its Highest Since 2011

The General Authority for Statistics (GASTAT) published flash estimates of the Saudi Gross Domestic Product (GDP) growth rate for the first quarter of 2022, reported the Saudi Press Agency. The figures reveal that the GDP has made the highest growth rate in 10 years, achieving a growth of 9.6% during…

Caixin Global

China’s financial, logistics and manufacturing giant struggles to get back on its feet as Covid lockdowns snarl logistics and restrict the workforce

Benzinga

Recession Fears Grow But Could This Be Bullish For Bitcoin?

US GDP contracted by 1.4% in Q1 2022 as recession fears heighten. This is bullish for risk assets like Bitcoin and equities in my opinion, as the Federal Reserve may become less hawkish to avoid a recession.

The Guardian - UK

Eurozone faces stagflation as prices surge; Russia cuts interest rates as recession looms – as it happened

Rolling coverage of the latest economic and financial news, including growth figures from across the eurozone

Benzinga

Bitcoin, Ethereum Struggle To Hit Key Levels, Dogecoin Slips: Why This Analyst Thinks US GDP Fall Could Boost Apex Crypto

Bitcoin traded in the green on Thursday evening but failed to cross the key $40,000 barrier in intraday trading, as the global cryptocurrency market cap rose 1.2% to $1.8 trillion.

ABC News

Apple warns of potential $US8 billion hit to earnings, Amazon shares plunge, ASX recovers

Apple and Amazon shares tumble in after-hours trade as they warn of inflation and supply constraints, while Australian shares follow Wall Street higher as investors shrug off downbeat GDP figures in the United States.

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