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The Latest Breaking News from GDP

Floods, other water-related disasters could cost global economy $5.6 trillion by 2050 -report

Worsening droughts, storms and torrential rain in some of the world's largest economies could cause $5.6 trillion in losses to the global economy by 2050, according to a report released on Monday.

Reuters

Mihir Sharma: Forgiving student debts is a bad idea — just ask India

The United States government will find out soon enough what “moral hazard” means. Clearly it does not know already, or President Joe Biden would not have announced earlier this week that his administration would forgive U.S. student debt worth around 1.6% of GDP.

Tribune News Service

Poll finds digital gains

The country's digital transformation push via government policies has resulted in an increase in several digital indicators, including internet access, active users, trust and e-commerce development, according to the Thailand Digital Outlook 2022 survey.

Bangkok Post

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Achieving net zero emissions target can boost India’s GDP, says report

By reaching target by 2050, India can boost annual GDP by as much as 7.3% and create nearly 20 million additional jobs by 2032, it says

The Hindu

Net zero can boost India’s GDP, says report

By reaching target by 2050, India can boost annual GDP by as much as 7.3% and create nearly 20 million additional jobs by 2032, it says

The Hindu

S&P 500, Nasdaq Futures Firm Up Ahead Of Fed Jackson Hole Event, Q2 GDP Data; Tesla In Focus Today

Trading in U.S. index futures suggests Wall Street may get off to a positive start on Thursday, building on the momentum from the previous session.

Benzinga

Thai economic contraction beckons

Why does the Thai economy risk facing an economic contraction in the second half of this year? The answer is simple.

Bangkok Post

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Decade of ‘lost economic growth’ in UK has cost Scotland billions, new analysis claims

SCOTLAND's economy lost out on around £18 billion because of a “decade of lost growth” in the UK which has added to the impact of the…

The National (Scotland)

Moving beyond GDP is key to tackling the economic crises we face

Gross domestic product remains the predominant measure of progress across the world, it might be time to change it, write Paul Allin, Diane Coyle and Tim Jackson

The Independent UK

Sally McManus says labour's share of GDP is the lowest it's been since 1960. Is that correct?

ACTU secretary Sally McManus says worker's share of wealth is the lowest it's ever been, pointing to the labour's share of income statistics as evidence. RMIT ABC Fact Check investigates.

ABC News

Real Estate Market Cycles - Where We're At Today And What's Next

Seasons, stages, phases and cycles. In biology, astronomy, time and many other aspects of life, things repeat. Real estate is no exception. Market analysts have shown that real estate markets pass through recurring cycles.

Benzinga

Cost of living crisis: the UK needs to raise taxes not cut them – here's why

Taxation has turned out to be the main issue dividing the two candidates in the current Conservative Party leadership contest. While Rishi Sunak wants to hold off making tax cuts until after the cost of living crisis has been tackled, Liz Truss wants immediate reductions. She believes cutting taxes will…

The Conversation

Europe on the brink: the states battling to stave off recession

War, drought and Covid have blighted prospects not just in Britain but continent-wide. Which countries are most at risk?

The Guardian - UK

Solomon Islands secures $100m China loan to build Huawei mobile towers in historic step

This will be the first loan from China since the Pacific country switched allegiance from Taiwan in 2019

The Guardian - AU

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The National (Scotland)

Scotland 'paying economic price' for staying with declining UK

SCOTLAND is “paying the economic price” for staying in the union according to a new analysis, which says the UK is in long-term decline and…

Axios

China's economic growth is slowing, and the government's not doing much about it

China's economy has been the largest source of growth for global GDP for much of the last two-plus decades.

Asharq Al-Awsat

Saudi Agriculture Sector Grows 7.8%

The Ministry of Environment, Water and Agriculture (MEWA) stated that the Kingdom’s agricultural gross domestic product (GDP) rose 7.8% to SAR72.25 billion ($19.2 billion) in 2021, compared to SAR67.05 billion ($17.8 billion) a year earlier, recording the highest growth rate in five years. In a statement, the ministry indicated that…

Asharq Al-Awsat

Tunisia’s Economy Grows 2.8% Despite Difficulties

The Tunisian economy grew 2.8 percent during the second quarter of 2022 annually, according to the National Institute of Statistics. The Institute said the growth is due to the high value-added growth rate in the services sector, which amounted to 5.2 percent annually. However, compared to the growth rate in…

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news in one place.

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Bangkok Post

GDP notches fastest growth in a year on eased pandemic curbs

Thailand's economy expanded at the fastest pace in a year in the second quarter as eased Covid-19 restrictions boosted activity and tourism, but multi-year high inflation and China's slowdown remain a drag on the nascent recovery.

The Times of India

India@75: How India became 6th largest economy in world

NEW DELHI: India toppled massive challenges ever since its independence to become the 6th largest economy in the world today.

The Conversation

Uhuru Kenyatta's economic legacy: big on promises, but weak on delivery

Uhuru Kenyatta and his deputy, William Ruto, ascended to Kenya’s presidency in March 2013. This followed a contested poll that they won with a slim majority of 50.3% of the votes cast.

The Hindu

11% growth over next decade could make India world’s second largest economy by 2031: RBI Deputy Governor

“Currently, India is the third largest economy in the world in PPP terms, with a share of 7% of global GDP after China and the U.S.,” says Michael Debabrata Patra.

The Independent UK

Russian GDP drops 4% in Q2 -- 1st full quarter of fighting

Russia's gross domestic product contracted 4% in the second quarter of this year, the first full quarter since Russia sent troops into Ukraine

Dynamite News

Climate change can affect economic growth of a country, reveals study

The study found that economies are sensitive to persistent temperature shocks over at least a 10-year time frame and impacts economic growth in about 22 per cent of the countries analyzed. Read further on Dynamite News:

Asharq Al-Awsat

Saudi Dates Sector Faces 5 Challenges

The Federation of Saudi Chambers said there are five challenges facing the development of the date sector in Saudi Arabia. The Kingdom is hoping the sector would make significant contributions to its GDP. First Vice President of the Federation Tariq al-Haidari said the sector faces weak marketing, especially e-marketing. Haidari…

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