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The Latest Breaking News from GDP

Cost of living crisis: the UK needs to raise taxes not cut them – here's why

Taxation has turned out to be the main issue dividing the two candidates in the current Conservative Party leadership contest. While Rishi Sunak wants to hold off making tax cuts until after the cost of living crisis has been tackled, Liz Truss wants immediate reductions. She believes cutting taxes will…

The Conversation

Europe on the brink: the states battling to stave off recession

War, drought and Covid have blighted prospects not just in Britain but continent-wide. Which countries are most at risk?

The Guardian - UK

Solomon Islands secures $100m China loan to build Huawei mobile towers in historic step

This will be the first loan from China since the Pacific country switched allegiance from Taiwan in 2019

The Guardian - AU

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Scotland 'paying economic price' for staying with declining UK

SCOTLAND is “paying the economic price” for staying in the union according to a new analysis, which says the UK is in long-term decline and…

The National (Scotland)

China's economic growth is slowing, and the government's not doing much about it

China's economy has been the largest source of growth for global GDP for much of the last two-plus decades.

Axios

Saudi Agriculture Sector Grows 7.8%

The Ministry of Environment, Water and Agriculture (MEWA) stated that the Kingdom’s agricultural gross domestic product (GDP) rose 7.8% to SAR72.25 billion ($19.2 billion) in 2021, compared to SAR67.05 billion ($17.8 billion) a year earlier, recording the highest growth rate in five years. In a statement, the ministry indicated that…

Asharq Al-Awsat

Tunisia’s Economy Grows 2.8% Despite Difficulties

The Tunisian economy grew 2.8 percent during the second quarter of 2022 annually, according to the National Institute of Statistics. The Institute said the growth is due to the high value-added growth rate in the services sector, which amounted to 5.2 percent annually. However, compared to the growth rate in…

Asharq Al-Awsat

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GDP notches fastest growth in a year on eased pandemic curbs

Thailand's economy expanded at the fastest pace in a year in the second quarter as eased Covid-19 restrictions boosted activity and tourism, but multi-year high inflation and China's slowdown remain a drag on the nascent recovery.

Bangkok Post

Japan's GDP expands in Q2 after Covid curbs lifted

Tokyo (AFP) - Japan's economy expanded in the three months to June, official data showed Monday, after the government lifted Covid-19 curbs on businesses.

AFP

No, Labor can’t afford to ditch stage three tax cuts

Ditching the stage three tax cuts would be a disaster for Labor and a welcome fillip for a divided opposition.

Crikey

Uhuru Kenyatta's economic legacy: big on promises, but weak on delivery

Uhuru Kenyatta and his deputy, William Ruto, ascended to Kenya’s presidency in March 2013. This followed a contested poll that they won with a slim majority of 50.3% of the votes cast.

The Conversation

11% growth over next decade could make India world’s second largest economy by 2031: RBI Deputy Governor

“Currently, India is the third largest economy in the world in PPP terms, with a share of 7% of global GDP after China and the U.S.,” says Michael Debabrata Patra.

The Hindu

Russian GDP drops 4% in Q2 -- 1st full quarter of fighting

Russia's gross domestic product contracted 4% in the second quarter of this year, the first full quarter since Russia sent troops into Ukraine

The Independent UK

Climate change can affect economic growth of a country, reveals study

The study found that economies are sensitive to persistent temperature shocks over at least a 10-year time frame and impacts economic growth in about 22 per cent of the countries analyzed. Read further on Dynamite News:

Dynamite News

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Asharq Al-Awsat

Saudi Dates Sector Faces 5 Challenges

The Federation of Saudi Chambers said there are five challenges facing the development of the date sector in Saudi Arabia. The Kingdom is hoping the sector would make significant contributions to its GDP. First Vice President of the Federation Tariq al-Haidari said the sector faces weak marketing, especially e-marketing. Haidari…

Bangkok Post

Accenture opens digital hub in Bangkok

Accenture, a global professional service provider, has launched its new Intelligent Operations Centre (IOC) in Bangkok to accelerate digitalisation among businesses, with the digital economy expected to account for 35% of Thailand's GDP by 2025.

Evening Standard

GDP: What is it and how does it impact the cost of living?

Everything you need to know about GDP

Bangkok Post

Thai growth downgraded by Citibank

Citibank has downgraded its 2022 forecast for Thai economic growth to 3.5%, from 3.6%, with next year's GDP predicted to expand by 4.5%, a fall from 4.8%.

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Reuters

Ukraine says it has creditor approval for growth-related warrant changes

Ukraine has gained the necessary approval from holders of its GDP warrants to its request for proposed changes to the securities, preliminary results of a vote released in a filing on Tuesday showed.

The Hindu

Macrovariable projections in uncertain times

International factors and faulty data will impact India’s projections of GDP, inflation and balance of payments

The Guardian - UK

Truss and Sunak still haven’t grasped the magnitude of Britain’s cost of living crisis

Neither has an adequate plan – but a joint announcement of a generous package of help would boost confidence

The Guardian - UK

Monday briefing: How to understand the huge numbers that rule our economy

In today’s newsletter: From GDP and government spending to inflation, it can be hard to get around the big figures you see in the headlines and what they really mean. So here’s a guide

The Conversation

6 ways Canadians can prepare for the upcoming recession

Although it certainly feels like it, and many people believe it, we are not in a recession yet. While a recession is defined as two successive quarters of negative GDP growth, it is essentially a period where economic growth falls significantly and unemployment rates rise.

Bangkok Post

Asian shares advance as oil prices retreat

RECAP: Asian equities mostly rose yesterday as a drop in oil prices to pre-Ukraine war levels stirred hopes of a slowdown in inflation and bank interest-rate hikes. But while global markets have enjoyed a broadly positive week, recession worries and Chinese military drills around Taiwan have traders' nerves on edge.

The Hindu

Is the declining rupee a crisis or an opportunity?

There is an expectation of further depreciation, which can lead to further capital outflows

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