The Latest Breaking News from GDP

UK edges closer to recession as economy unexpectedly shrinks

THE UK has plunged further towards financial crisis after it was revealed the economy contracted for the second month in a row in April.

The National (Scotland) · Jun 13, 2022

UK economy contracts in April as costs crunch sends Covid recovery into reverse

The Office for National Statistics said gross domestic product fell by 0.3% in April, following a fall of 0.1% in March.

The Independent UK · Jun 13, 2022

UK economy shrinks by 0.3%, second monthly drop in a row

"Let me be clear – we’re expecting the economy to be pretty much stagnant. It won’t take much to tip us into a recession, and even if we don’t, it will feel like one for too many people."

Wales Online · Jun 13, 2022

India is not the fastest growing big economy

A closer look at recent data on GDP shows that the numbers are flawed and recovery is incomplete

The Hindu · Jun 10, 2022

Brexit ‘largely to blame’ for £31bn loss to UK economy, study finds

5.2 per cent GDP shortfall ‘mostly’ down to Britain’s exit from EU, according to top think tank

The Independent UK · Jun 10, 2022

Fitch upgrades India outlook to stable from negative

Pares 2022-23 growth to 7.8%, expects inflation to average 6.9%

The Hindu · Jun 10, 2022

The price of war: OECD warns of slowing growth, high inflation

Russia's invasion of Ukraine is derailing the global economy's recovery from the Covid-19 pandemic. The Organisation for Economic Cooperation and Development (OECD) is the latest to slash its global GDP growth forecast for 2022, from 4.5 percent projected in December to just 3 percent in its latest outlook. Driving that…

France 24 · Jun 9, 2022

UAE Central Bank Expects Real GDP Growth to Reach 4.2% in 2023

The United Arab Emirates' central bank said on Wednesday it expects real GDP growth to reach 4.2 percent next year, up from its earlier forecast of 3.3 percent. The central bank estimated the non-oil GDP growth to reach 3.9 percent in 2023 compared with previous estimates of 3.3 percent, while…

Asharq Al-Awsat · Jun 9, 2022

Social Security trustees say the U.S. is rich enough to expand, not shrink, benefits

The army of perennial doomsayers about the financial condition of Social Security had to be a little crestfallen after the release of the program trustees' annual report last week.

Los Angeles Times · Jun 9, 2022

DTAC-True merger poses risk to growth

The merger of True Corporation and Total Access Communication (DTAC) could reduce Thailand’s GDP growth by between 0.05% and 1.99%, depending on the level of collusion by the major operators after the merger takes place, according to a study by the National Broadcasting and Telecommunications Commission (NBTC).

Bangkok Post · Jun 8, 2022