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The Latest Breaking News from GDP

Britain to be worst-performing major economy this year, warns IMF; UK mortgage approvals tumble and company insolvencies surge – as it happened

Britain is the only G7 economy forecast to shrink in 2023, the IMF says, as higher energy prices, rising mortgage costs and increased taxes hit growth.

The Guardian - UK

Higher obesity levels linked to lower productivity in England, research shows

Report by former government adviser says plan needed to tackle obesity, thought to cost UK economy £27bn a year

The Guardian - UK

IMF warns UK economy is set for sharp contraction in ‘weakest performance among G7’

IMF predicts UK economy will contract by 0.6% in 2023 as Britain looks set to suffer more than most from soaring inflation

The Independent UK

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UK tipped to be weakest major economy in world as cost-of-living crisis hits households hard

The IMF has predicted UK output to shrink by 0.6% this year

Wales Online

UK economy to shrink more than Russia, predicts IMF

The forecast leaves the UK economy languishing behind sanctions-hit Russia

The Independent UK

UK economy to go BACKWARDS in 2023 with worst performance of all major nations

The UK is set to see its economy contract 0.6% this year according to the International Monetary Fund which will be the worst performance of all the advanced nations

Daily Mirror

4 Stocks to Buy for Under $8 in 2023

The better-than-expected 2022 fourth-quarter GDP report and the rise in consumers’ sentiment are fueling optimism in the stock market. Moreover, the signs of cooling inflation might prompt the Fed to go ahead with a slower pace of rate hikes. Hence, fundamentally strong stocks Nokia (NOK), China Automotive (CAAS), Assertio (ASRT),…

StockNews.com

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Eight money changes coming in February including Universal Credit and passport shake-up

There are plenty of money changes coming up in February that could impact your wallet - from inflation and interest rate announcements to changes to Universal Credit

Daily Mirror

4 Biotech Stocks to Keep an Eye on in 2023

The U.S. 2022 fourth-quarter GDP growth surpassed estimates and induced fresh optimism. On the other hand, the biotech industry is expected to witness robust demand despite macro uncertainties. So, given the stable prospects of the biotech sector, quality stocks Amgen (AMGN), BioNTech (BNTX), Exelixis (EXEL), and Taisho Pharmaceutical (TAIPY) could…

StockNews.com

Is China's shrinking population an economic cause for alarm in the US?

Data released recently by the Chinese government shows its population has begun to shrink and that has some economists worried about the global economy.

Tribune News Service

What is the US debt ceiling & why can’t Congress delay decision?

A default by the US government could have catastrophic effects on both domestic and global economies.

Al Jazeera

‘Shockingly’ resilient consumers kept Americans out of a recession last year, but now they’re just about spent

Experts weigh in on the latest GDP report. Was the fourth quarter the economy’s final hurrah?

Fortune

US GDP expands at healthy 2.9% pace while slowdown signs mount

The U.S. economy expanded at a healthy pace in the fourth quarter, though signs of slowing underlying demand mounted as the steepest interest-rate hikes in decades threaten growth this year.

Tribune News Service

U.S. economy expands at 2.9% annual rate in fourth quarter

Over the calendar year, GDP grew by 2.1% in 2022.

Axios

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Evening Standard

FTSE 100 Live: Royal Mail reveals £200m strike hit, Jet2 lifts guidance

Royal Mail’s owner today revealed that 18 days of industrial action had cost it around £200 million.

The Independent UK

UN forecasts fall in global economic growth to 1.9% in 2023

The United Nations is forecasting that global economic growth will fall significantly to 1.9% this year

The Times of India

Budget 2023 to see poll-oriented spending boost: Report

MUMBAI: Ahead of the national elections, the last full budget of the PM Modi government is likely to boost welfare spending with a focus on rural and infra capex, according to a report.

The Conversation

Ghana’s domestic debt restructuring has stalled: four reasons why

Ghana is facing multiple financial and economic challenges and has requested a US$3 billion bailout from the International Monetary Fund (IMF) to help it restore macroeconomic stability. This will include bringing public debt down to more manageable levels from the currently estimated 105% of GDP to 55% in present value…

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news in one place.

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Al Jazeera

Is China’s high-growth era over – forever?

With its population declining, China’s period of rapid growth is likely over. How it copes is critical for the world.

Bangkok Post

Thailand economic outlook brightens

Thailand is one of the key beneficiaries of China's early border reopening and an expected Chinese tourism rebound. With the strong tourism momentum, we now expect 25 million foreign tourists this year, compared to 19.2 million in a previous forecast.

The Times of India

Union Budget 2023-24: India must grow at 7% in FY24; govt needs to focus on structural reforms

By RP Gupta

The Guardian - UK

Impending UK recession could be twice as bad as anticipated, say analysts

Contrary to other recent economic analysis the business consultancy EY forecasts 0.7% drop in GDP this year

The Japan News/Yomiuri

Political Pulse / Japan's unbalanced public finances need open-eyed risk management

Japan's government debt has been exceptionally high among major industrialized countries for over two decades. The risks posed by this massive debt must be properly analyzed and managed.

Asharq Al-Awsat

Macron Boosts French Military Spending by over a Third to ‘Transform’ Army

France will boost military spending by more than a third in coming years, President Emmanuel Macron said on Friday, as he unveiled ambitions to transform the French army to deal with the great "perils" of this century. Acknowledging the end of the "peace dividend" of the post-Cold War era, Macron…

Bangkok Post

China reopening ‘not enough’ to power Thai growth to 4% in 2023

An upswing in tourism from China’s reopening will help boost Thailand’s economy, but isn’t sufficient to restore growth to pre-pandemic levels just yet, according to analysts.

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