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The Latest Breaking News from GDP

New EBRD report shows contrasting fates of former Eastern bloc economies

The European Bank for Reconstruction and Development (EBRD), founded to help build up market economies in the wake of the fall of the Soviet Union, has issued a new growth forecast for the region. It predicts that Ukraine will see its GDP increase by 3 percent in 2024. Speaking to…

France 24

GDP, Consumer Confidence and Other Can't Miss Items This Week

There are a few notable earnings releases this week as well as some potentially market-moving news. Here are 5 things to watch in the market this week.

Barchart

Economy bounces back after flooding, but primary industries fall

Business & investing: NZ economists warn better-than-expected GDP data likely to be temporary, and US Federal Reserve held its benchmark interest rate steady for a second time

Newsroom.co.nz

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Ordinary households, small businesses hit due to high unemployment and inflation: Jairam Ramesh

Jairam Ramesh said no matter how much the Modi government hides the data, the reality is that the vast majority of people are suffering.

The Hindu

This generation of politicians has killed fiscal responsibility–but millennials and Gen Zers will be the ones who pay the price

During the next presidential term, publicly held debt is projected to exceed its Second World War highs.

Fortune

India to clock GDP growth of 6.5 pc in FY24 despite high crude oil prices: NITI Aayog member Arvind Virmani

India's GDP growth projected at 6.5% for FY24, despite high crude oil prices & increased uncertainty due to climate change. Gross household savings ratio consistently up, net household savings down due to consumer debt. Inflationary impact of oil prices, but govt has managed food inflation well.

The Hindu

Recession or not, New Zealand GDP growing again

New Zealand enjoyed a return to solid growth in the June quarter, with Stats NZ reporting an 0.9 increase, well beyond market expectations.

AAP

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Idea of green growth losing traction among climate policy researchers, survey of nearly 800 academics reveals

When she took to the floor to give her State of the Union speech on 13 September, European Commission president Ursula von der Leyen largely stood by the script. Describing her vision of an economically buoyant and sustainable Europe in the era of climate change, she called on the EU…

The Conversation

New Zealand set to exit recession with low growth

Market expectation for gross domestic product growth in New Zealand is 0.5 per cent for the second quarter of the year.

AAP

Tone of election to be revealed in big data week

A slowing economy expected out of GDP, trade and consumer confidence

Newsroom.co.nz

Populists are bad for our economic health, yet they’re still a hard habit to break

They are annoyingly good at politics but terrible at economics – GDP and living standards plummet in countries led by them

The Guardian - UK

What if Jerome Powell pulled off a soft landing and nobody noticed? It's the economy's Groundhog Day

Economists are seeing shadows.

Fortune

Analysing where India stands in the G20 | Data

G20 Summit in New Delhi focused on ‘One Earth, One Family, One Future’. India’s performance in recent decades across various socioeconomic metrics compared to fellow G20 members. GDP per capita, Human Development Index, labour force participation rate, share of women in Parliament, carbon emissions & renewable energy sources analysed.

The Hindu

Morning Digest | Finance Ministry says wrong to assess economic activity on GDP alone, number of Nipah virus cases rises to six in Kozhikode, and more

The Hindu’s Morning Digest brings readers a select list of stories to start the day

The Hindu

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The Conversation

Bidenomics: why it's more likely to win the 2024 election than many people think

Joe Biden has come out fighting against perceptions that he is handling the US economy badly. During an address in Maryland, the president contrasted Bidenomics with Trumpian “MAGAnomics” that would involve tax-cutting and spending reductions. He decried trickle-down policies that had, “shipped jobs overseas, hollowed out communities and produced soaring…

Evening Standard

OPINION - The Standard View: Departing Tory MPs may find it tough in the jobs market

Of all the metrics that may foretell a Conservative defeat — from depressed polling data to shrinking GDP figures — perhaps the most prescient is the number of Tory MPs standing down at the next election.

The Hindu

Canadian delegation in capital seeks to explore business connections

Canadian delegation led by Yukon Premier Ranj Pillai visits Thiruvananthapuram to explore cooperation with State govt. Delegation seeks to strengthen business connections & explore possible cooperation in tourism, education, screen production & tech start-ups. Yukon has small population but high GDP, making it ideal for start-ups to run pilot projects.…

Evening Standard

OPINION - The next recession may have already begun

If the UK economy soon slips into recession, we will likely gesture vaguely at summer – such as it was – for when the contraction began. GDP shrank by 0.5 per cent in July, the sharpest decline since December, with services, production and construction all shrinking.

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Evening Standard

FTSE 100 Live: Shares close flat as UK GDP shrinks by 0.5%, BP CEO quits, US inflation up

The shock resignation of one of the UK’s most influential captains of industry was the main talking point on London’s stock market today, as the FTSE 100 held steady overall.

Evening Standard

Barbenheimer blockbusters save economy from even worse GDP dive

The sports activities and amusement, recreation activities sector surged 12.4% in the month as the rest of the economy lagged behind

The Guardian - UK

UK economy shrinks by 0.5% in July amid wet weather and strikes

Manufacturing, services and construction sectors contract for first time since summer of 2022

The Guardian - UK

Four charged with fraud over Patisserie Valerie collapse; UK GDP shrinks 0.5% in July – as it happened

All three main sectors of the economy in decline after strikes by doctors, radiographers and teachers, while construction and retail hit by wet weather

Evening Standard

‘Recession may have begun’ as UK economy shrinks by 0.5% in July, GDP figures show

Government minister Maria Caulfield conceded that the decline in GDP was “disappointing”

Newsroom.co.nz

Recession to end but Govt surplus delayed a year

The pre-election forecasts offer a rosier picture of the economy, with wages growing ahead of inflation, but tougher times for the Government’s own books.

Al Jazeera

Back to school: Which countries spend the most on education?

With school back in session, Al Jazeera looks at the state of global education.

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