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The Latest Breaking News from GDP

One major goal of economic development in the farming sector is to raise the rate of farmers' income per capita, to be equal to or higher than the non-farming sector. For decades, this noble goal has not been achieved.

Bangkok Post

ASX slips as Australia's economy grows at a slower-than-expected pace

The Australian share market falls, after a mixed performance on Wall Street as investors bet on interest rates having to rise by more than they initially expected, while the ABS releases a significant update about Australia's solid —but slowing — economic growth.

ABC News

'Recession risks are rising' but the latest GDP numbers are expected to show 'solid' growth

The latest economic growth figures are expected to show a robust economy. But the outlook for 2023 is far less rosy, warn many analysts.

ABC News

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Confusion surrounds China’s energy policies as GDP and climate goals clash

Wave of permits for coal-fired power plants sparks concern as ambitions for GDP growth and lowering emissions come into conflict

The Guardian - UK

Total value of London’s homes has risen to more than £1.8 trillion

London’s housing stock is worth almost as much as Italy’s annual GDP

Evening Standard

UAE, Egypt, Jordan, Bahrain Sign $2 Bn Industrial Agreements

Egypt, the UAE, Jordan, and Bahrain signed 12 agreements and partnerships in nine integrated industrial projects with an investment value of more than $2 billion at the third Higher Committee meeting of the Industrial Partnership for Sustainable Economic Growth in Amman, Jordan. The projects are expected to boost the national…

Asharq Al-Awsat

Ukraine's economy stabilizes after shock of war

When Russia invaded Ukraine a year ago, the shelves of the Novus supermarket chain in Kyiv quickly emptied as its supply chains - domestic and overseas - collapsed. Fresh produce became scarce and panic buying spread.

Reuters

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Karl W. Smith: Today's debt ceiling is tomorrow's dreaded debt bomb

As disconcerting as the U.S.’s current debt situation is, the outlook is even worse. When the bipartisan Congressional Budget Office updated its forecasts this month, it estimated that debt held by the public will climb to $46 trillion by 2033 from $31 trillion currently. This puts the country one step…

Tribune News Service

How Sri Lanka sleepwalked over a debt cliff

The issues that led Sri Lanka to become an economic basket case in 2022 serve as a warning for other nations.

360info

Government debt: you’re a part of it. Is it a problem?

Eye-watering government debt makes for good headlines, but how much is too much is far less clear.

360info

Creditors, politicians and 'morons': who's really caught in the government debt trap?

When nations get caught in spiralling debt, it’s future generations who will end up paying the price.

360info

Pakistan’s debt is a teetering house of cards

Pakistan faces a wave of problems on multiple fronts, but its growing debt can no longer be overlooked as inflation soars and foreign reserves crumble.

360info

Why is the Russian economy holding up against Western sanctions?

Despite nine sets of sanctions imposed by the European Union, the Russian economy only experienced a small contraction of its GDP in 2022. The "resilience" of the Russian economy was hailed on Tuesday by President Vladimir Putin during his state of the nation address. However, certain Western observers and politicians…

France 24

Profits have driven inflation while wages lag behind, argue economists

Increasing profits going to corporate Australia account for more than two-thirds of the nation's inflation problem, according to new research from the Australia Institute.

ABC News

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Al Jazeera

US revises down GDP for Q4 to 2.7%

The revised estimate marked a deceleration from the 3.2 percent growth rate from July through September.

Bangkok Post

Changing Thailand: a series (prologue)

Before I start talking economic jargon filled with figures, let me explain Thailand's economic situation in plain language.

Bangkok Post

Growth headwinds mounting in Thailand

According to the latest data released by the National Economic and Social Development Council on Feb 17, Thailand's real GDP growth slowed significantly to 1.4% year-on-year in the fourth quarter of 2022 from 4.6% in the third quarter.

Bangkok Post

Economists: Tourism surge offsets export setback

The Thai economy is set to bounce back from a surprising contraction in the fourth quarter of 2022 as foreign tourist arrivals are likely to surprise on the upside and counter headwinds to merchandise exports from a global slowdown, say leading economists.

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France 24

Has Russia's economy withstood Western sanctions?

Vladimir Putin claims the Russian economy has withstood Western sanctions, as he prepares to mark one year since the invasion of Ukraine. While Russia's GDP has contracted less than many analysts expected, Beata Javorcik of the EBRD explains that's largely the result of years of "sanctions-proofing", and doesn't mean that…

Bangkok Post

Asian shares slide, SET falls on weak GDP data

RECAP: Asian shares and currencies slipped on Friday as strong economic data from the US and hawkish Federal Reserve comments revived fears that the US central bank will stick to its path of interest rate increases to tame inflation.

Reuters

Russia stands by 2% of GDP budget deficit plan after huge Jan shortfall

Russia's finance ministry is sticking with plans to post a budget deficit of no more than 2% of gross domestic product (GDP) in 2023, despite towering spending and slumping energy revenues contributing to a huge shortfall in January.

Bangkok Post

Q4 GDP growth slows, 2023 outlook trimmed

Thailand's economic growth slowed more than expected in the fourth quarter of 2022, as exports and manufacturing declined, but a rebound in the vital tourism sector should continue to boost the recovery this year amid weaker global demand.

StockNews.com

3 Must-Buy Nasdaq Stocks for 2023

Consumers showing resiliency in the face of rising inflation have helped the U.S. GDP to come in better than expected in the last quarter. Moreover, hopes of the economy avoiding a deep recession this year are rising. The Nasdaq Composite began this year on a positive note. Hence, fundamentally strong…

France 24

Earthquakes could trigger loss of up to 1% of Turkish GDP in 2023, says report

The February 6 earthquakes that killed more than 40,000 people in Turkey and Syria could result in a loss of up to 1% of the Turkish gross domestic product (GDP), said an economic report published on Thursday. It came amid uncertainties over a possible delay of general elections, set for…

The Independent UK

NATO chief eyes bigger defense budgets, hard spending target

NATO Secretary-General Jens Stoltenberg is urging the 30 member countries to commit to spending at least 2% of their gross domestic product on their defense budgets by a set date

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