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The Latest Breaking News from GDP

Pressure grows for summer mini-budget amid recession fears

Sharp selloff of shares and fall in pound against the dollar follow news of surprise contraction in economy

The Guardian - UK

GDP: UK economy shrank 0.1% in March

The figures will increase fears that Britain is heading for another recession as a result of the cost-of-living crisis

Evening Standard

UK economy shrank by 0.1% in March as cost of living crisis bites – as it happened

Calls for emergency budget grow as UK economy contracts unexpectedly in March, with consumers cutting back on spending, and car sector struggling

The Guardian - UK

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Philippines’s GDP growth blasts past forecasts

Southeast Asian country’s gross domestic product expands 8.3 percent in first quarter.

Al Jazeera

Taiwan’s Lost Growth (Part 1): How Far Has Taiwan’s Economy Fallen Behind Other Countries Due To Stagnant Wages?

When wages don’t grow, household expenditures and ultimately business profits stagnate as well. Here’s how this has played out in Taiwan.

The News Lens

Minimum wage hike in spotlight

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) believes Thailand can manage 2.5-4% GDP growth this year if an increase in the daily minimum wage is appropriate given the higher living costs.

Bangkok Post

India’s vulnerability in the global economic tumult

There is no alternative to timely policy responses, heeding sound economic advice, and strengthening institutions

The Hindu

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Is The British Pound Sterling Chart A Good Recession Indicator?

The Oxford Dictionary defines a recession as a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters. It is also defined as a period of declining economic performance across an entire economy that lasts several…

Benzinga

Despite Recession Fears, This Indicator Says The US Economy Is Booming

The SPDR S&P 500 ETF Trust (NYSE: SPY) has taken a big hit so far in 2022. Negative U.S. GDP growth in the first quarter has investors increasingly spooked that inflation and aggressive Federal Reserve tightening could push the economy into a recession.

Benzinga

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

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

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ABC News

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.

Asharq Al-Awsat

$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

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…

The Conversation

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…

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news in one place.

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Los Angeles Times

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.

StockNews.com

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.…

Daily Mirror

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%

StockNews.com

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…

The Hindu

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

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

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