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The Latest Breaking News from GDP

GDP growth figures highlight growing risk of stagflation

As NZ reports another quarter of slow economic growth, it is combining with inflationary pressures to pose a worrying economic outlook – here and around the world. A resilient China can help NZ through a worrying economic future.

Newsroom.co.nz

Government sets new digital goalposts

The government is moving towards the third phase of Thailand's digital landscape development plan in a bid to reach the top 30 of the World Digital Competitiveness Ranking, with the digital economy contributing 30% of the country's GDP in five years.

Bangkok Post

UK recession looms despite one-month economic rebound

Better than expected October GDP figure should not obscure risk of prolonged downturn

The Guardian - UK

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Saudi Economy Grows by 8.8% in Third Quarter

The General Authority for Statistics announced on Sunday that Saudi Arabia’s economy grew by 8.8 percent in the third quarter of 2022. This growth was driven by the rise of oil-related activity by 14.2 percent, and non-oil activities by 6 percent, while government activities recorded a growth of 2.5 percent…

Asharq Al-Awsat

Tough road ahead on the economy, Chancellor Jeremy Hunt warns

Economists described October’s 0.5 per cent growth as a ‘false dawn’

Evening Standard

UK economy returns to growth as GDP rises 0.5% in October

Growth figure shrank 0.3% in a quarter, reflecting concerns over lengthy recession

The Guardian - UK

UK facing ‘tough road’ as recession looms despite economy growing in October – as it happened

Chancellor Jeremy Hunt warns economy likely to get worse before improving, after UK GDP rose 0.5% in October, but shrank by 0.3% in the August-October quarter

The Guardian - UK

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Opinion: Is the World on the Brink of an Entirely New Era?

If we are in the early throes of a seismic shift, leaders must prepare to operate in a new world where their old assumptions no longer hold

Caixin Global

The RBA keeps slamming on the brakes, but the economy has already very much slowed down

GDP figures show wages and not just profits are starting to generate growth. Still, disposable income is going backwards

The Guardian - AU

Australia’s GDP grew 0.6% in September quarter and 5.9% annually as economy recovered from Covid lockdowns

GDP figures show rapid economic growth across the year as Covid lockdowns were lifted, but quarterly increase came in slightly below expectations

The Guardian - AU

Economic growth misses expectations as GDP increases 0.6 per cent in September quarter

Australia's economic growth comes in slightly below expectations, with GDP rising by 0.6 per cent in the September quarter and 5.9 per cent through the year.

ABC News

ASX falls as GDP misses expectations, Chinese exports shrink, AUSTRAC sues Skycity — as it happened

A broad-based sell-off on Wall Street overnight has sent Australian stocks lower, while the third quarter GDP data misses expectations.

ABC News

Chinese economic growth may never recover from COVID – here's why

Many countries have had to navigate the balancing act of keeping the economy alive versus protecting citizens from COVID in recent years. In China, patience with its zero-COVID policy – one of the world’s toughest strategies for dealing with the pandemic – are wearing thin among workers and students. Sporadic…

The Conversation

Fitch retains India growth forecast at 7% for this fiscal

NEW DELHI: Fitch Ratings on Tuesday retained India's economic growth forecast at 7 per cent for the current fiscal, but cut projections for the next two financial years saying the country is not impervious to global developments.

The Times of India

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The Times of India

Explained: Why World Bank upgraded India's economic forecast for FY23

NEW DELHI: The World Bank on Tuesday revised upwards its GDP growth forecast from 6.5% for India to 6.9% for 2022-23, saying the country was showing higher resilience to global shocks.

The Times of India

World Bank upgrades India's economic growth forecast from 6.5% to 6.9% in FY23

NEW DELHI: The World Bank on Tuesday upgraded India's gross domestic product (GDP) forecast for the financial year 2022-23 to 6.9% from 6.5% earlier.

Bangkok Post

Credit bureau wary of digital loans

The National Credit Bureau (NCB) expects household debt in terms of loan amounts will continue to increase, despite the decline in the household debt-to-GDP ratio.

StockNews.com

3 Smart Stocks to Buy Before Your 50th Birthday

November's job growth was better than expected, even after the Federal Reserve’s aggressive action to cool the economy. Moreover, the sound third-quarter GDP growth and analysts predicting a mild recession in 2023 are spurring optimism. Amid this, quality stocks McDonald's (MCD), Cigna (CI), and O'Reilly Automotive (ORLY) might be steady…

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The Conversation

More South Africans are smoking - higher taxes and stronger law enforcement are needed

Tobacco use imposes a significant health and economic burden on countries. Research estimates that the cost of smoking in South Africa amounted to 0.97% of the country’s GDP in 2016. These costs are likely to have increased as a result of the observed rise in smoking prevalence over the past…

Tribune News Service

Germany to miss military spending target next year, study says

Germany will fail to meet a NATO guideline of spending 2% of gross domestic product on its military next year and again from 2026 onward, according to an analysis quoted in local media on Monday.

The Independent UK

Rishi Sunak’s government ‘going backwards’ on green growth, CBI chief warns

Business group warns of slump in investment and productivity as UK mired in ‘stagflation’

Liverpool Echo

DWP money changes in December including £300 cost of living payment and Christmas bonus

The financial changes happening in December

Bangkok Post

Thailand has stable outlook, BBB+ affirmed

Fitch Ratings has affirmed Thailand's long-term foreign-currency issuer default rating (IDR) at BBB+ with a stable outlook.

Wales Online

Nine DWP money changes in December including Christmas bonus and £300 cash

There are several changes and payments some people could see between now and Christmas

Asharq Al-Awsat

IMF Expects 6.5 Percent GDP Growth for GCC Countries

GDP growth in the Gulf Cooperation Council (GCC) is expected to double this year, reaching 6.5 percent, a report issued by the International Monetary Fund (IMF) revealed. Surging commodity prices have limited the spillovers from the war in Ukraine and the impact from tighter global financial conditions, and have allowed…

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