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The Latest Breaking News from GDP

German economy holds up in 2022 despite Ukraine war fallout

Frankfurt (Germany) (AFP) - The German economy grew a better-than-expected 1.9 percent last year, official data showed Friday, as government relief measures cushioned Europe's export giant from an energy crisis triggered by the war in Ukraine.

AFP

The UK may avoid a recession for now but it won’t feel like it for many

Jeremy Hunt is not getting carried away by November growth, and monthly GDP moves can be erratic

The Guardian - UK

UK economy grew by only 0.1% in November

Figure comes as people began Christmas shopping, while World Cup gave pubs and bars a boost

The Guardian - UK

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FTSE 100 Live: GDP beats expectations, blue-chip index near record

A surprise rise in GDP for November today boosted hopes that the UK can still avoid a slide into recession.

Evening Standard

World Cup helps net UK growth boost as economy unexpectedly grew by 0.1% in November

Latest GDP figure beats expectations in surprise boost to the economy

Evening Standard

Signs of economic slowdown alarming

The Thai government, businesses, and citizens are cherishing the news of returning Chinese tourists with the first group of 286 passengers who arrived on Monday. The Tourism Authority of Thailand estimates that 5 million Chinese tourists will visit our country this year, bringing with them 250 billion baht in spending…

Bangkok Post

Can China save its economic miracle now?

China's recent decision to abandon its strict zero-Covid policy has led many to believe that its economy will bounce back. The Economist Intelligence Unit, for example, has revised its forecast for Chinese GDP growth in 2023 upward, to 5.2%. But growth recovery is not automatic, and China must contend with…

Bangkok Post

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World Bank cuts Pakistan’s GDP growth projection to 2 percent

Predicting a difficult year ahead, bank revises nation’s growth from 4 percent last year to 2 percent in current fiscal.

Al Jazeera

How closing the digital divide can improve the global economic outlook for 2023 and beyond

As much as 60% of the global GDP relies on digital communications–and yet a third of the global population remains disconnected from the internet.

Fortune

Economists see a silver lining to China’s COVID chaos: better-than-expected 2023 economic growth

Banks are raising their forecasts for China's 2023 GDP growth, even as the country endures a massive COVID wave.

Fortune

Czech government OKs bill for 2% GDP spending on military

The Czech government has approved a bill aimed at bringing defense spending at the required NATO goal of 2% of gross domestic product as Russia's war in Ukraine continues

The Independent UK

German police union calls for action after New Year attacks

Germany’s biggest police union has called for concerted action to prevent a repeat of the violence toward officers, firefighters and medical personnel seen in Berlin and other cities during the New Year’s celebrations

The Independent UK

A challenging year ahead

Global economic growth in 2023 is expected to remain sluggish, following a year roiled by the war in Ukraine and soaring inflation.

Bangkok Post

Year in Review: China’s Struggle to Contain Covid Hits the Economy Hard

Lockdowns added to the country’s woes, including an ongoing housing slump and fading exports, but Beijing’s year-end pivot to living with the virus raises the prospect of a recovery in 2023

Caixin Global

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Bangkok Post

Economic risks to watch out for in 2023

The world will end 2022 with big celebrations. Yet not because of robust economic growth, as growth this year is projected to be only 3.2% -- following the International Monetary Fund's (IMF) recent projections -- compared to 6.0% growth in 2021.

The Independent UK

Government refuses to publish economic benefits estimate of latest Brexit trade deal

Department for International Trade says releasing an estimate isn’t appropriate

Bangkok Post

Fiscal policy plans endorsed by cabinet

The cabinet yesterday approved the medium-term fiscal policy for fiscal 2024-2027, with the aim of achieving a significant reduction in the budget deficit in 2024 to ensure fiscal stability.

Tribune News Service

No signs of a slowdown here: Texas’ GDP growth surges 8.2%, and population spikes

The latest job estimates show growth has slowed in Texas, but other metrics are still pointing up – way up.

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Bangkok Post

A South Korean trajectory for China's capital?

In October, the 20th Congress of the Communist Party of China endorsed another five-year term for President Xi Jinping, effectively ending the practice of limiting the presidency to two terms. It was thus also an unmistakable break with the tradition of collective leadership established in the late 1970s after the…

AFP

Tunisia to raise new taxes to close budget deficit

Tunis (AFP) - Tunisia's finance minister unveiled a budget Monday aiming to use new tax revenues to claw the deficit back to near five percent of GDP, as the cash-strapped country awaits an international bailout.

Newsroom.co.nz

Give progress a chance: Embrace degrowth

Continuing to prioritise economic growth is not a recipe for being a good ancestor. Nor is it a recipe for human progress, writes Jack Santa Barbara.

Asharq Al-Awsat

Egypt Targets 5.5% GDP Growth in FY2023/24

Egypt is targeting GDP growth at 5.5% in fiscal year 2023/24, its Finance Minister Mohamed Maait said in a circular on Saturday.

The News Lens

Japan Steps Closer to Global Military Power

The loosening of arms exports controls and proposed increase of the national defense budget to 2% of GDP over time signal paradigmatic shifts in Japan’s security posture.

Investors Business Daily

Tech-Heavy Nasdaq Down 3.7% As Investors Hit The Exits On Jobless Claims, Strong GDP

The stock market fell Thursday despite a minor uptick in jobless claims. Meme stock AMC plunged on news that it will raise capital.

AFP

US third quarter GDP revised up to 3.2% with help from spending

Washington (AFP) - The US economy expanded 3.2 percent in the third quarter, the Commerce Department said Thursday, in a further upward revision of data reflecting stronger consumer spending and investment than earlier estimated.

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