The Latest Breaking News from GDP

Climate crisis will have huge impact on Africa’s economies, study says

As Cop27 discusses climate finance, report says continent’s GDP growth could fall by two-thirds this century

The Guardian - UK · Nov 9, 2022

Saudi Arabia Largest Donor to Humanitarian Effort in Yemen

Saudi Arabia has been Yemen's largest donor since the beginning of the war launched by the Houthi militia, with 30 percent of the total aid provided to the country, according to data issued by the Yemeni government and the United Nations. The data showed that the development financing gap widened…

Asharq Al-Awsat · Nov 8, 2022

Jordanian Industry Sees 3.8% Growth in 2022

The Chairman of the Amman Chamber of Industry (ACI), Engineer Fathi Al-Jaghbir, said that the Jordanian industry showed an unprecedented performance since the beginning of 2022, recording a 3.8 percent growth rate compared to the same period last year. Exports were estimated at 3 billion dinars. “This rate is considered…

Asharq Al-Awsat · Nov 6, 2022

Thailand's digital GDP skyrockets to B2tn in 2021

Thailand's digital GDP reached 2 trillion baht in 2021 after posting year-on-year growth of 14.1%, according to a study by the Office of the National Digital Economy and Society Commission (ONDE).

Bangkok Post · Nov 2, 2022

California could soon rise to the world's 4th-largest economy

California has long faced criticism for driving away business and workers, due to high taxes and prices and tough regulations.

Los Angeles Times · Nov 2, 2022

Sweden's supreme commander says defence spending to reach 2% of GDP by 2026

Rising prices and a weak currency mean Sweden will reach the NATO target for defence expenditure of 2% of GDP by 2026, two years earlier than previously planned, Sweden's supreme commander said on Tuesday.

Reuters · Nov 1, 2022

IMF: Diversified Gulf Economy Improves Financial Balance

Gulf Arab oil exporters are expected, on average, to put away about 33 percent of their oil revenues over 2022-26, which will lead to an overall improvement in the financial balance, according to the International Monetary Fund (IMF). The IMF said in its latest report that higher oil and gas…

Asharq Al-Awsat · Nov 1, 2022

Allison Schrager: We should just accept we’re going to have a blah economy

This economy can’t go on forever. GDP may still be growing, but it’s at an anemic rate. And other indicators are piling up that suggest a recession is imminent: The yield curve is inverting, hiring and house price growth is slowing and Philadelphia may win the World Series.

Tribune News Service · Oct 30, 2022

Ignore US government economic figures – base your decisions on actual data

The US reported the GDP bounced back – but at best it’s preliminary data that’s revised multiple times. Info from the top two payroll services are a better bet

The Guardian - US · Oct 30, 2022

Satellite pictures shine light on the nations that inflate their GDP

Authoritarian regimes can be seen to be manipulating their economic growth rates to a greater extent than democracies

The Guardian - UK · Oct 30, 2022