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The Latest Breaking News from GDP

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 Independent UK

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 Times of India

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…

The Conversation

From analysis to the latest developments in health,
read the most diverse news in one place.

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.

Al Jazeera

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.

Bangkok Post

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

By RP Gupta

The Times of India

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 Guardian - UK

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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.

The Japan News/Yomiuri

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…

Asharq Al-Awsat

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.

Bangkok Post

The Sanctions on Russia Are Working

Slowly but surely, sanctions are weakening Putin.

Foreign Affairs

Is a global recession really coming up?

The world's leading economists spent most of 2022 convincing themselves that, if the global economy was not already in a recession, it was about to fall into one. But with the year 2022 end, the global slump has been postponed to the present 2023.

Bangkok Post

Putin: Russian Economy Likely Shrank 2.5% in 2022 but Beating Expectations

President Vladimir Putin said on Tuesday that the Russian economy was likely to have shrunk by 2.5% in 2022, but that it was performing better than most experts had predicted. Putin, who was speaking at a meeting with top officials including the finance minister and central bank chief, said real…

Asharq Al-Awsat

China’s economy slows sharply with GDP growth among worst on record

The economy grew 3% in 2022, exceeding some forecasts, but still well below China’s official target for the year

The Guardian - AU

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The Times of India

States' fiscal health show improvement: RBI report

MUMBAI: States' gross fiscal deficit (GFD) is budgeted to decline from 4.1 per cent of gross domestic product (GDP) in Covid-hit 2020-21 to 3.4 per cent of GDP in 2022-23 showing improvement in their fiscal health, said a Reserve Bank report on Monday.

Foreign Policy

The Hidden History of the World’s Top Offshore Cryptocurrency Tax Haven

The Bahamas represents how global capitalism can go very right, and very wrong, at exactly the same time.

The Guardian - UK

The UK may avoid a recession for now but it won’t feel like it for many

Jeremy Hunt is not getting carried away by November growth, and monthly GDP moves can be erratic

The Guardian - UK

UK economy grew by only 0.1% in November

Figure comes as people began Christmas shopping, while World Cup gave pubs and bars a boost

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news in one place.

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Evening Standard

FTSE 100 Live: GDP beats expectations, blue-chip index near record

A surprise rise in GDP for November today boosted hopes that the UK can still avoid a slide into recession.

Evening Standard

World Cup helps net UK growth boost as economy unexpectedly grew by 0.1% in November

Latest GDP figure beats expectations in surprise boost to the economy

Bangkok Post

Signs of economic slowdown alarming

The Thai government, businesses, and citizens are cherishing the news of returning Chinese tourists with the first group of 286 passengers who arrived on Monday. The Tourism Authority of Thailand estimates that 5 million Chinese tourists will visit our country this year, bringing with them 250 billion baht in spending…

Bangkok Post

Can China save its economic miracle now?

China's recent decision to abandon its strict zero-Covid policy has led many to believe that its economy will bounce back. The Economist Intelligence Unit, for example, has revised its forecast for Chinese GDP growth in 2023 upward, to 5.2%. But growth recovery is not automatic, and China must contend with…

Al Jazeera

World Bank cuts Pakistan’s GDP growth projection to 2 percent

Predicting a difficult year ahead, bank revises nation’s growth from 4 percent last year to 2 percent in current fiscal.

Fortune

How closing the digital divide can improve the global economic outlook for 2023 and beyond

As much as 60% of the global GDP relies on digital communications–and yet a third of the global population remains disconnected from the internet.

Fortune

Economists see a silver lining to China’s COVID chaos: better-than-expected 2023 economic growth

Banks are raising their forecasts for China's 2023 GDP growth, even as the country endures a massive COVID wave.

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