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The Latest Breaking News from GDP

Climate Impacts Set To Cut 2050 Global GPD By Nearly A Fifth

Climate change caused by CO2 emissions already in the atmosphere will shrink global GDP in 2050 by about $38 trillion, or almost a fifth, no matter how aggressively humanity cuts carbon pollution, researchers said Wednesday.

International Business Times

Beware risks of voter giveaways to public finances, countries facing elections told

IMF says reduction in national insurance may have made cutting UK national debt more difficult

The Guardian - UK

IMF Forecasts India's GDP To Grow 6.8% In 2024-25

IMF raises India's GDP forecast to 6.8% for 2024-25, signaling economic resilience and global potential.

Top News

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Investors Await China GDP Amid Crumbling Sentiment

Investor sentiment in Asia is influenced by China's GDP data release and global uncertainties, impacting market dynamics.

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Asian Shares Fall As Fed Reconsiders Rate Cut; China GDP

Asian shares decline as investors react to Fed rate cut reconsideration. China's GDP data awaited amid market volatility.

Top News

Middle East oil shock would lead to higher interest rates, warns IMF; FTSE 100’s worst day in nine months – as it happened

IMF scenario shows how a 15% jump in oil prices would push up global inflation by 0.7 percentage points

The Guardian - UK

Chinese Economy Beats Growth Expectations In First Quarter

Beijing has set a target of around five percent growth for the year, a goal officials last month admitted would "not be easy" and which analysts said was ambitious given the headwinds the country is confronting.

International Business Times

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Guarantee is precarity, welfare is self-care

A comparison of expenditure on “NDA schemes” with “United Progressive Alliance schemes”.

The Hindu

China's Q1 GDP Growth Expected To Slow

China anticipates a slowdown in Q1 GDP growth, prompting discussions on additional stimulus measures to support the economy.

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IMF Raises Spain's 2024 GDP Growth Forecast To 1.9%

IMF raises Spain's 2024 GDP growth forecast to 1.9%, indicating positive economic prospects and potential opportunities for growth.

Top News

Risky premise: On Asian Development Bank forecast, India’s GDP growth

The ADB’s latest growth forecast for India’s GDP is slower than the 7.6% pace that India’s National Statistical Office has estimated for the 12 months that ended on March 31

The Hindu

Economists 'can safely say' recession is over after February GDP rise, but growth still slow

The meagre growth, not helped by torrential rain that hammered the construction sector, marks a slowdown from a 0.3% advance in January

Evening Standard

Keir Starmer and Rishi Sunak duel on defence as Labour vows to back nuclear submarines

Starmer says Trident is ‘bedrock’ as he commits to spending 2.5% of GDP on defence

Evening Standard

Former Royal Mail chief exec says he ‘was not aware’ group’s lawyers were prosecuting post office operators – as it happened

Adam Crozier tells Horizon IT scandal inquiry that he was unaware lawyers within the group conducted prosecutions

The Guardian - UK

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The Hindu

India's GDP to grow 6.1% in 2024: Moody's Analytics

Moody's Analytics projects India's economy to grow 6.1% in 2024, lower than 7.7% in 2023, due to COVID impact.

The Guardian - UK

UK takes another step on path out of recession as GDP rises

February growth of 0.1% comes despite construction and retail being hit by wet start to year

WEKU

Vietnam sentences real estate tycoon to death in its largest-ever fraud case

Truong My Lan, the 67-year-old chairwoman of the real estate company Van Thinh Phat, was formally charged with fraud amounting to $12.5 billion — nearly 3% of the country's 2022 GDP.

The Guardian - UK

FTSE 100 at highest close in a year as UK recession enters ‘rearview mirror’ – as it happened

Chancellor cheers 0.1% rise in GDP, but IoD fears economy still fragile

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Evening Standard

Figures expected to show UK economy grew in February, but only just

A survey of City economists for Refinitiv suggest GDP in February rose by 0.1%, giving the UK its first consecutive months of growth since August to September

Evening Standard

Vietnamese billionaire sentenced to death for multi-billion fraud case

The fraud committed amounted to nearly three per cent of Vietnam’s GDP

Radio France Internationale

France's state finances deteriorate as it misses target on cutting deficit

France's finance ministry will raise its deficit target for 2024 to the equivalent of between 5 percent and 5.1 of GDP on Wednesday, up from an original target of 4.4 percent due to a rapid deterioration of state finances, reported a leading French financial newspaper.

The Guardian - UK

Post Office Horizon IT cases ‘the greatest scandal I have ever seen’, says former senior judge – as it happened

Sir Anthony Hooper tells inquiry: ‘We’ve had many miscarriages of justice, but nowhere near as many as these’

The Hindu

Households’ debt surged to fresh high by December 2023: report

India's household debt hits 40% of GDP, net financial savings at 5%, raising concerns about financial distress.

Top News

Chile's Central Bank Raises 2024 GDP Growth Forecast

Chile's central bank raises GDP growth forecast for 2024, reflecting confidence in economic recovery and future growth.

France 24

World Bank, UN estimate Gaza infrastructure damage at $18.5 billion

A new report by the World Bank and the United Nations, based on remote data collection sources, shows that damage to critical infrastructure in Gaza between October and January represents 97 percent of the GDP of the West Bank and Gaza from 2022. In this edition, we see how Israel's…

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