The Latest Breaking News from GDP

Boris Johnson poised to ditch key UK defence spending promise despite Russia's war

The Prime Minister will trumpet Britain's 2% of GDP spending on defence - but another part of his policy, to raise spending above inflation, could soon be scrapped. It came as Boris Johnson insisted "I don't think" Britain will end up at war with Russia

Daily Mirror · Jun 28, 2022

Ben Wallace ‘wants defence budget lifted to 2.5% of GDP by 2028’

Defence secretary’s leaked letter to PM warns of shortfalls in military personnel and long-range rocket artillery

The Guardian - UK · Jun 27, 2022

Wallace calls for 20% hike in defence spending – reports

A defence source did not deny reports that the Defence Secretary asked the PM to lift the annual military budget to 2.5% of GDP by 2028.

The Independent UK · Jun 27, 2022

IMF: Overall Saudi GDP Projected to Grow 7.6%

The International Monetary Fund (IMF) has highlighted solid indicators for the Saudi economy, expecting a 7.6 percent overall GDP growth in 2022. Non-oil growth will increase to 4.2 percent in 2022, with the current account surplus will increase to 17.4 percent of GDP in 2022, said the Fund experts. An…

Asharq Al-Awsat · Jun 23, 2022

Fitch keeps Thai credit rating BBB+

Fitch Ratings has affirmed Thailand's credit rating at "BBB+" with a stable outlook, which is acceptable to the government, says government spokesman Thanakorn Wangboonkongchana.

Bangkok Post · Jun 22, 2022

Let's count what really adds up to national wealth

Despite well-known problems with using gross domestic product (GDP) as an indicator of human development, policymakers around the world still seem obsessed with it.

Bangkok Post · Jun 22, 2022

Architect of Boris Johnson’s EU withdrawal deal to declare ‘Brexit is working’

‘No cause for regrets’: Lord Frost defends Brexit despite forecasts it will cost UK workers £470 a year in lost pay and cut GDP by 4 per cent

The Independent UK · Jun 22, 2022

Triple punch of shocks threatens to upend debt sustainability and recovery in Africa

Food and fuel price increases and the aftermath of the COVID pandemic are really just the start of the story when it comes to fiscal shocks which have exacerbated government debt vulnerabilities in Africa.

The Conversation · Jun 22, 2022

India reports CAD of 1.2% of GDP in FY22 on widening trade deficit: RBI

For the January-March 2022 quarter, the CAD narrowed on a sequential basis to $13.4 billion against $22.2 billion or 2.6% of GDP in the December 2021 quarter

The Hindu · Jun 22, 2022

Fisher: Chinese Stocks Will Rebound With or Without More Stimulus

China’s economy doesn’t need that much help, as Covid reopenings will do the job of lifting the country out of its temporary stagnation

Caixin Global · Jun 21, 2022