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The Latest Breaking News from GDP

Eastern Economic Corridor ramps up plan to stimulate investment

Authorities aim to bolster Thai GDP by pushing ahead with a plan to generate 2.2 trillion baht worth of investment in five targeted industries in the Eastern Economic Corridor (EEC) by 2026.

Bangkok Post

Kemi Badenoch tells media to 'not keep talking' about Brexit in trade deal row

KEMI Badenoch has urged the media to “not keep talking” about Brexit amid a row over a new trade deal that won’t compensate for losing…

The National (Scotland)

Rishi Sunak warned UK-Pacific trade deal will 'undermine climate pledges'

The UK has signed its biggest post-Brexit trade agreement, joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership - but critics say the pact is worth only 0.08% of GDP

Daily Mirror

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UK firms report surge in orders amid signs of economic recovery

After UK narrowly misses recession IoD reports rise in business demand, confidence, hiring and investment in March

The Guardian - UK

UK house price correction ‘has some way to go’ after March falls; eurozone and US inflation falls – as it happened

Average UK house prices fell 3.1% in year to March, while energy costs are now falling in the eurozone and US core PCE inflation has dropped

The Guardian - UK

Myanmar economy to remain "severely diminished" amid conflict -World Bank

Myanmar's economic growth remains "severely diminished" and GDP is expected to increase just 3% in the fiscal year to September, the World Bank said on Friday, as the country remains embroiled in conflict two years after the military seized power in a coup.

Reuters

UK agrees to join trans-Pacific trade partnership

Critics say the impact will be limited, with official estimates suggesting it will add less than 1% to UK GDP

Evening Standard

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Dollar Slips as Stocks and the Euro Rally

The dollar index (DXY00 ) on Thursday fell by -0.48%. An unexpected downward revision Thursday to U.S. Q4 GDP weighed on the dollar. Also, stronger-than-expected German inflation news Thursday was hawkish for ECB policy and pushed the euro higher against the dollar. In addition, a rally in U.S. stocks Thursday...

Barchart

Stocks Set to Open Higher as Investors Await Key U.S. GDP Data, Bank Fears Continue to Ease

June S&P 500 futures (ESM23) are up +0.36%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.27% this morning after three major U.S. benchmark indices ended the regular session with solid gains as risk appetite continued to rebound from turmoil in the banking sector, while upbeat outlooks from several…

Barchart

FTSE 100 Live: Share rebound continues, US GDP revised down, Allianz still predicts UK recession

London’s main stock index started the last trading day of the first quarter of 2023 with gains, after a readout for the economy showed better growth in the final three months of last year.

Evening Standard

Ministers to discuss UK joining Pacific trade pact this week, says Downing Street

Trade agreement could give UK tariff-free access to market worth 13% of global GDP

Evening Standard

Egypt to Raise Food Subsidies Spending by 20% in FY 2023/24 Draft Budget

Egypt expects to raise its allocation for food subsidies by 20% and for petroleum products by 24% in the 2023-24 fiscal year, according to a draft budget approved by the cabinet on Wednesday. The budget forecasts GDP growth at 4.1% and inflation at an average rate of 16% during the…

Asharq Al-Awsat

Scottish GDP rises by almost 1% in January

CBI Scotland argues that the uplift can’t mask ongoing challenges facing the economy

Insider UK

France has narrowed its budget deficit, but how does it compare to other EU states?

French economists and public auditors alike breathed a sigh of relief as the national statistics agency INSEE on Tuesday published an annual report showing that the country’s 2022 budget deficit dipped below 5% of GDP. Public debt also slightly decreased. Despite these hopeful figures, France still remains one of the…

France 24

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Barchart

GDP, Consumer Confidence and Other Can't Miss Items to Watch this Week

Fed weeks always make for a good time with trading, and last week was no different. While the Fed Funds rate did not really move the market as it hit where it was expected with a 25 basis point increase.

The Guardian - US

Defeating the Dictators review: prescriptions for democratic health

Charles Dunst salutes Joe Biden’s domestic spending but also points to how Trump’s sclerotic grip still hobbles the US

The News Lens

Taiwan’s Housing Crisis (Part 1): Taiwan’s Housing Prices Are Among the Highest Globally but Wages Are One of the Lowest Among Advanced Countries

In countries with similar housing prices, the minimum wage is two to four times higher.

Reason

Is the 'Climate Time-Bomb' Really Ticking Toward Imminent Catastrophe?

Climate change is a problem, but the IPCC AR6 Synthesis Report is wrong to suggest that humanity is on the brink of catastrophic warming.

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news in one place.

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The National (Scotland)

What is a wellbeing economy and what does it mean for Scotland?

ON Wednesday MSPs are set to hold a debate on Scotland’s transition to a wellbeing economy.

Reuters

NATO chief urges members to boost defence spending as only 7 hit target

NATO chief Jens Stoltenberg urged member countries to speed up increases in defence spending as new figures showed fewer than a quarter of them meeting the alliance's target.

Bangkok Post

Spring Airlines sees recovery in flights

Flights between Thailand and China on Spring Airlines have recovered to 50% of pre-pandemic levels and are expected to resume normal frequencies this year, aided by high demand and a forecast of 5% Chinese GDP growth.

Reuters

World Bank estimates Syria's three-year earthquake recovery needs at $7.9 billion

The World Bank on Monday said the February earthquakes are expected to have caused Syria's real GDP output to contract by 5.5% in 2023, with recovery and reconstruction needs estimated at $7.9 billion over three years.

The Guardian - UK

Economic growth is not a magic wand for ending poverty

Misguided policies are hurting the poorest in society; our focus should be on reducing inequality not increasing GDP

Newsroom.co.nz

Why our economy is too important to leave to the experts

It's time to democratise economics and demand an economy that works for people and the planet, argues Catherine Knight

The Conversation

Budget 2023: why the UK's fiscal watchdog does not share the chancellor's optimism

UK chancellor Jeremy Hunt confidently described his first budget of 2023 as a “budget for growth”. He went on to offer a fairly upbeat assessment of both economic performance and future prospects, arguing: “The declinists are wrong and the optimists are right.”

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