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The Latest Breaking News from GDP

Weighing in on India’s investment-led revival

Prospects of sustaining investment recovery are likely to get harder with a depreciating rupee and rising inflation

The Hindu

Why Sri Lanka imploded so catastrophically

As Sri Lanka's economy unravels before our eyes, one must ask how this could happen in a country historically known for its high standard of living and stable economy. Sri Lanka's achievements go back decades, giving it a per capita GDP that is 70% higher than India's, and a life…

Bangkok Post

Egypt’s Economy Seen Growing Steadily

Egypt’s economy will grow fairly steadily over the coming three years, with inflation gradually declining from over 10% and the pound weakening in the near-term, a Reuters poll showed. Gross domestic product (GDP) is forecast to expand a median 5.5% in the fiscal year that began this month, according to…

Asharq Al-Awsat

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ADB cuts India GDP forecast for FY23 to 7.2% on Covid, war impact amid inflationary pressure

NEW DELHI: Asian Development Bank (ADB) on Thursday trimmed India's economic growth forecast for current fiscal year to 7.2 per cent from 7.5 per cent as pandemic and war impact is weighing down alongside inflationary pressures.

The Times of India

UAE Real GDP up 8.2% in Q1 2022

The UAE central bank’s quarterly report indicated that total real GDP increased by 8.2% annually in the first quarter of 2022, state news agency said on Wednesday. The central bank expects real GDP to grow by 5.4% in 2022 and 4.2% in 2023, the statement added. It also expects non-oil…

Asharq Al-Awsat

United States: the end of an illusion of omnipotence

“I do not accept second place for the United States of America.” That simple statement, delivered to rousing effect by Barack Obama in his first State of the Union, in January 2010, managed to summarize the current American strategic horizon in a single sentence.

The Conversation

Defence secretary appears unenthused by Liz Truss spending pledge

Ben Wallace says he wouldn’t be able to immediately spend extra cash promised by Tory leadership candidate

The Guardian - UK

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Russian gas shutoff would send some EU countries into recession, IMF warns

Fund says GDP in Hungary, Slovakia and Czech Republic would fall by up to 6%, with Italy, Germany and Austria also hit hard

The Guardian - UK

Truss targets Mordaunt with pledge to raise UK defence spending

Foreign secretary says she would up defence budget to 3% of GDP by 2030 and rethink size of armed forces

The Guardian - UK

With inflation rising in Australia, an uncomfortable truth is we waste a lot of what we have

Buying less may not directly translate into GDP. But it would have benefits for our planet and ease some of the supply-side inflationary pressures

The Guardian - AU

3 Consumer Discretionary Stocks to Trade Despite Higher Prices

Consumer discretionary goods have been bearing the brunt of GDP growth contraction and declining consumer sentiment. However, the sector has still managed to outperform the broader market. Therefore, quality consumer discretionary stocks Mannatech (MTEX), Pandora (PANDY), and The Procter & Gamble (PG), which are rated Buy in our proprietary rating…

StockNews.com

FTSE 100 Live: China GDP reveals Covid impact, Burberry shares slide

China’s Covid lockdowns slowed the country’s GDP growth to 0.4% in the second quarter, weaker-than-expected figures revealed today.

Evening Standard

Company insolvencies jump 40% in England and Wales; China’s growth slumps – as it happened

Pandemic and economic uncertainty caused by Brexit have added to pressures on businesses, insolvency expert says

The Guardian - UK

How does GDP differ by state?

Five states, including California and Texas, contribute about 41% of US GDP.

USAFacts

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USAFacts

How does Gross Domestic Product differ by state?

Five states, including California and Florida, each contributed over $1 trillion to the national gross domestic product in 2022.

Evening Standard

Pound suffers as American inflation spike spooks currency markets

The Bank of England has space for more aggressive rate rise due to positive GDP figures

Tribune News Service

Energy-producing states lag in latest economic numbers

Amid worries about a possible recession, energy-producing states had the biggest drops in GDP during the first quarter of this year, despite skyrocketing oil and gas prices, new government figures show.

Evening Standard

The Standard View: GDP rebounds but Tory leadership hopefuls must set out plan for growth

After a long day of cajoling fellow MPs, Tory leadership candidates may have been cheered by some unexpected economic good news. GDP rose by 0.5 per cent in May, raising the prospect that the UK can avoid a recession.

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The Guardian - UK

UK economy returns to growth thanks to holiday boom and GP visits

GDP rose by 0.5% in May after revised 0.2% decline for April, says ONS

Evening Standard

UK GDP rises by 0.5 per cent in May

Increase in output was bigger than expected in the City

The Guardian - UK

US inflation hits new 40-year high; euro dips below dollar for first time since 2002 – as it happened

Stocks fall after US inflation jumps to 9.1%, as UK economy grows faster than expected by 0.5% in May

StockNews.com

The 5 Most Active Stocks to Watch Right Now

As many economists are cutting down GDP forecasts for the second quarter, market uncertainties are expected to increase. Therefore, one could consider investing in stocks showing resiliency and trading at high volumes. Clovis Oncology (CLVS), Advanced Micro Devices (AMD), Roblox (RBLX), Ford Motor (F), and Marathon Digital (MARA) have been…

The Times of India

Current account deficit likely to touch $105 billion this fiscal: Report

MUMBAI: The country's current account deficit is likely to touch $105 billion or 3 per cent of the GDP this fiscal, mainly due to continuously widening trade deficit, according to a report.

The Independent UK

Grant Shapps vows to increase defence spending to 3% of GDP

The Transport Secretary’s Tory rival Rishi Sunak is preparing to launch his bid for No 10 with a pledge to cut taxes.

The Independent UK

Jeremy Hunt pledges defence spending hike to 3% of GDP

The Tory leadership hopeful said cuts to the Army are ‘unthinkable’ as he promised to cancel them in the face of Russian aggression.

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