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The Latest Breaking News from GDP

India’s $5 trillion economy goal achievable by 2026; Chidambaram’s view very wrong: Rajeev Chandrasekhar

Mr. Chidambaram had said that the "goal of a $5 trillion GDP appears to be a case of 'shifting goalposts'"

The Hindu

India is not the fastest growing big economy

A closer look at recent data on GDP shows that the numbers are flawed and recovery is incomplete

The Hindu

Brexit ‘largely to blame’ for £31bn loss to UK economy, study finds

5.2 per cent GDP shortfall ‘mostly’ down to Britain’s exit from EU, according to top think tank

The Independent UK

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Fitch upgrades India outlook to stable from negative

Pares 2022-23 growth to 7.8%, expects inflation to average 6.9%

The Hindu

The price of war: OECD warns of slowing growth, high inflation

Russia's invasion of Ukraine is derailing the global economy's recovery from the Covid-19 pandemic. The Organisation for Economic Cooperation and Development (OECD) is the latest to slash its global GDP growth forecast for 2022, from 4.5 percent projected in December to just 3 percent in its latest outlook. Driving that…

France 24

UAE Central Bank Expects Real GDP Growth to Reach 4.2% in 2023

The United Arab Emirates' central bank said on Wednesday it expects real GDP growth to reach 4.2 percent next year, up from its earlier forecast of 3.3 percent. The central bank estimated the non-oil GDP growth to reach 3.9 percent in 2023 compared with previous estimates of 3.3 percent, while…

Asharq Al-Awsat

Social Security trustees say the U.S. is rich enough to expand, not shrink, benefits

The army of perennial doomsayers about the financial condition of Social Security had to be a little crestfallen after the release of the program trustees' annual report last week.

Los Angeles Times

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DTAC-True merger poses risk to growth

The merger of True Corporation and Total Access Communication (DTAC) could reduce Thailand’s GDP growth by between 0.05% and 1.99%, depending on the level of collusion by the major operators after the merger takes place, according to a study by the National Broadcasting and Telecommunications Commission (NBTC).

Bangkok Post

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

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

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The Independent UK

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 Hindu

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 Times of India

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.

Insider UK

Scottish GDP rises by 1% during first quarter

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

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Bangkok Post

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.

The Hindu

Choppy waters: On India’s post-COVID recovery

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

The Guardian - AU

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 Times of India

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.

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…

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