The Latest Breaking News from GDP

India's GDP to grow at 6.8% in current fiscal year, should prepare for headwinds: IMF

NEW DELHI: Amid persisting challenges from a gloomy global economic scenario, the International Monetary Fund (IMF) on Friday projected India to grow by 6.8% in financial year 2022-23.

The Times of India · Dec 23, 2022

Japan Steps Closer to Global Military Power

The loosening of arms exports controls and proposed increase of the national defense budget to 2% of GDP over time signal paradigmatic shifts in Japan’s security posture.

The News Lens · Dec 23, 2022

It's time to quit capitalism's obsession with growth. Focus on 'degrowth' instead, argues a growing movement in economics

“It seems that humanity is thriving and committing suicide at the same time,” noted author Ugo Bardi.

Fortune · Dec 22, 2022

Fitch affirms India's sovereign rating on robust growth, resilient external finances

NEW DELHI: Fitch Ratings on Tuesday affirmed India's sovereign credit rating at 'BBB-' with a stable outlook, saying the rating derives strengths from a robust growth outlook and still-resilient external finances.

The Times of India · Dec 20, 2022

UAE Central Bank Sees GDP Growth at 7.6% This Year

The UAE’s central bank expects real gross domestic product growth of 7.6 percent this year from its previous forecast of 6.5 percent, citing stronger performance of non-oil sectors including tourism, hospitality, real estate, transportation, and manufacturing. In quarterly review report for the third quarter of this year, the Central Bank…

Asharq Al-Awsat · Dec 20, 2022

Lower public debt on the cards

Thailand's fiscal status is improving thanks to a gradual economic recovery following the pandemic, which may prompt the government to lower the ceiling of the public debt-to-GDP ratio from the current 70%, according to the Public Debt Management Office (PDMO).

Bangkok Post · Dec 19, 2022

50 years after Gough Whitlam established diplomatic relations with China, what has changed?

In the annals of Australian foreign policy, it is arguable that no moment in history has been as significant as December 21 1972. With the possible exception of the ANZUS Treaty of 1951, no other document matches the formal agreement establishing full diplomatic relations between Australia and China 50 years…

The Conversation · Dec 19, 2022

Zanzibar’s Mwinyi: We Left Political Differences Behind, Are Heading to Economic Advancement

Eastern Africa’s Zanzibar is transforming from the largest slave trade center in the world into the largest African center for economic tourism with it accounting for about 30% of GDP. President Hussein Mwinyi confirmed that Zanzibar’s political parties have abandoned their differences to maximize economic and food security and accelerate…

Asharq Al-Awsat · Dec 18, 2022

Cabinet: Egypt's New IMF Agreement Aims to Reduce Government Debt

The new International Monetary Fund (IMF) $3 billion financial support package for Egypt aims to reduce government debt to less than 80% of gross domestic product (GDP) in the medium term, a cabinet report released on Saturday said. The fund did not require the Egyptian government to cut spending on…

Asharq Al-Awsat · Dec 17, 2022

Wang Tao: Key Takeaways From China’s Central Economic Work Conference

Stabilizing growth is the top priority, with measures to boost the real estate sector and a supportive tone for non-SOEs, foreign investors and online platforms

Caixin Global · Dec 17, 2022