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The Latest Breaking News from GDP

Australia is not a high-tax country. So why can’t we have a conversation about the T word?

We need to get real about how we pay for the services we want if we are to fund a growing budget challenge

The Guardian - AU

UK economy: Set-piece moment looms from latest growth readout

Test for more resilient showing from UK economy due on Thursday from GDP data for February

Evening Standard

Climate inaction likely to cost billions – Treasury

Purchasing overseas carbon credits to meet New Zealand's Paris target instead of reducing climate pollution at home could cost $3.3b to $23.7b.

Newsroom.co.nz

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read the most diverse news in one place.

Is the Ukraine war boosting or damaging the Russian economy?

IMF suggests invasion spending is pushing up GDP but academics argue non-military economy is foundering

The Guardian - UK

Mental health plays a big role in advancing the economy - we need a measure beyond GDP

Indonesia is performing comparatively well in its economic growth amid the current global economic slowdown.

The Conversation

Predicted 0.08% boost from UK-Asia trade deal could be overestimate

Trade department used different approach to estimating economic boost which ‘generates larger estimated GDP impacts’

The Independent UK

Which global economy does your state match up to?

Fortune compares each state to the country with the most similar GDP. Texas, meet Canada; New York, meet Brazil.

Fortune

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Region told to rev up decarbonisation

Southeast Asia needs to accelerate decarbonisation of its global value chains (GVCs) as the region could face up to a 30% loss of GDP annually by 2100 due to climate change, according to the Asian Development Bank (ADB).

Bangkok Post

Why Britain’s new CPTPP trade deal will not make up for Brexit

The UK recently announced that it will join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), giving British businesses access to the 11 other members of the Indo-Pacific trade bloc and bringing its combined GDP to £11 trillion.

The Conversation

Fitch Upgrades Saudi Arabia’s Economy to A+

Fitch ratings has upgraded Saudi Arabia’s Long-term foreign-currency issuer default rating (Idr) to ‘A+’ from ‘A’, with stable outlook. This reflects Saudi Arabia's strong fiscal and external balance sheets, with government debt/GDP and sovereign net foreign assets (SNFA) considerably stronger than both the 'A' and 'AA' medians, and significant fiscal…

Asharq Al-Awsat

Gavin Newsom fact check: Do blue states really have lower crime, better health and higher GDP?

When Gov. Gavin Newsom announced last week that he was launching a new political action committee to stand up against “rising authoritarianism” and regressive policies adopted by Republicans, he lambasted red state leaders for banning books, targeting trans children and stoking racism.

Tribune News Service

CPTPP: is trade deal first sign of Brexit’s sunlit uplands?

The Government struck a deal to join an 11-member Asia-Pacific trade bloc last week, a step hailed by No. 10 as an example of Britain seizing its “post-Brexit freedoms”.

The Week

Qatari Economy Achieves Real Growth of 8%

The Qatari economy achieved a real growth rate, constant prices, of 8 percent during the Q4 of 2022, year on year, compared to the same period of 2021. Data revealed by the Planning and Statistics Authority on Tuesday showed that the quarterly gross domestic product (GDP) estimates at constant prices…

Asharq Al-Awsat

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

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The National (Scotland)

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…

Daily Mirror

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

The Guardian - UK

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

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news in one place.

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Reuters

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.

Evening Standard

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

Barchart

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…

Evening Standard

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

Asharq Al-Awsat

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…

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