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The Latest Breaking News from GDP

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

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read the most diverse news in one place.

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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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.

Al Jazeera

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.

Bangkok Post

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…

France 24

Economic growth likely at 4.6% in December quarter: SBI economists

MUMBAI: Economists at the State Bank of India (SBI) have projected a GDP growth of 4.6 per cent for the December quarter, citing that as many as 30 high frequency indicators are not as robust as they were in the previous quarters.

The Times of India

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.

Bangkok Post

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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…

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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

Reuters

German defence minister backs raising NATO spending goal

Germany's defence minister said he was in favour of raising NATO's military spending target, as allies gathered in Brussels on Wednesday for talks on whether defence expenditures of 2% of GDP are sufficient with a war raging in Ukraine.

Bangkok Post

BoT wants to see household debt below 80% of GDP

The Bank of Thailand says it wants to see household debt levels below 80% of gross domestic product to help reduce economic and financial risks.

The Guardian - UK

Brexit hit UK growth by £29bn, says Bank of England rate setter

Investment in the country since the referendum has ‘stopped in its tracks’, according to a study led by Jonathan Haskel

Bangkok Post

Tourism lifts retail growth projection to 6-8%

Thailand's retail industry is expected to grow by 6-8% this year, double the rate of the GDP, helped by the recovery of tourism, according to the Thai Retailers Association (TRA).

The Guardian - UK

Generations of Tories have hoped for growth. They never plan for it

Kept aloft by North Sea oil or privatisations, the economy under the Conservatives never got the long-term vision it needed

Fortune

Economics are a big factor in the U.S. migrant crisis. Here’s how immigration numbers and GDP compare in the Americas

In struggling countries in Latin America, economic breakdown often precedes an exodus.

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