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The Latest Breaking News from GDP

Increase forest area in Karnataka to 33% to fight climate change: CM

Karnataka CM Siddaramaiah urges to increase forest area to 33% of total land area to fight climate change. Drought, water crisis & crop damage affect State's GDP & per capita income. Increasing forest area can help prevent extreme weather conditions.

The Hindu

With a US government shutdown imminent, what happens to the economy?

About quarter of the US GDP is government expenditure. A drop in that spending will have knock-on effect on the economy.

Al Jazeera

UK mortgage approvals hit six-month low; pandemic recovery faster than expected – as it happened

Updated GDP figures show UK recovering faster from pandemic than Germany or France, but mortgage approvals have fallen

The Guardian - UK

From analysis to the latest developments in health,
read the most diverse news in one place.

UK economy larger than thought, updated 2023 GDP figures confirm, with Q1 revised upwards

The ONS had already revised the UK’s GDP for 2021 dramatically upwards, so an unchanged growth rate means a larger economy than first thought

Evening Standard

Dollar Slips on Weak U.S. Economic News

The dollar index (DXY00 ) on Thursday fell by -0.40%. The dollar came under pressure Thursday from weaker-than-expected U.S. economic reports on Q2 GDP and Aug pending home sales. Losses in the dollar accelerated on dovish comments from Chicago Fed President Goolsbee, who warned that policymakers were at risk of...

Barchart

Stocks Post Modest Gains as Price Pressure Ease in Germany

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.19%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.23%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.05%. Stocks this morning are modestly higher. Stocks are wavering...

Barchart

Stocks Tread Water Before the Open as Investors Await Key U.S. GDP Data, Nike Earnings on Tap

December S&P 500 futures (ESZ23) are up +0.04%, and December Nasdaq 100 E-Mini futures (NQZ23) are down -0.05% this morning as market participants geared up for a flurry of U.S. economic data while also awaiting speeches from Fed officials and an earnings report from footwear and sports apparel giant Nike.

Barchart

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Stocks Slip Before the Open as Investors Await Key U.S. GDP Data, Nike Earnings on Tap

December S&P 500 futures (ESZ23) are down -0.18%, and December Nasdaq 100 E-Mini futures (NQZ23) are down -0.29% this morning as market participants geared up for a flurry of U.S. economic data while also awaiting speeches from Fed officials and an earnings report from footwear and sports apparel giant Nike.

Barchart

India’s external debt rises to $629.1 billion at end-June 2023: RBI

India's external debt rose to $629.1B at end-June 2023, with long-term debt up $9.6B. CAD widened to $9.2B in Q1:2023-24, due to higher trade deficit and lower net services surplus.

The Hindu

National award for Lepakshi will boost tourism in State, says R.K. Roja

AP Govt to focus on 'Tourism & Green Investment' to make state a major tourist destination. Lepakshi village won 'Best Rural Tourism Village of India' award. Oberoi, Mayfair & MRKR Groups to develop 7-star, 5-star & Hyatt hotels. GIS 2023 MoUs worth ₹19,000 cr to create 51,000 jobs. 288 beach…

The Hindu

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

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

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Fortune

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.

The Hindu

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.

AAP

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.

The Conversation

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…

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news in one place.

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AAP

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.

Newsroom.co.nz

Tone of election to be revealed in big data week

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

The Guardian - UK

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

Fortune

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

Economists are seeing shadows.

The Hindu

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 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…

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