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The Latest Breaking News from GDP

India’s current account deficit to widen to 5% in Q2, 3.5% in FY23: ICRA

The trade deficit has doubled to $28.7 billion for August due to a 36.8% expansion in imports and a 1.2% decline in export earnings.

The Hindu

Wage hikes make little impact: expert

Minimum wage rises have failed to keep up with GDP growth with workers on the lowest rung in society receiving only a 15-baht hike in the daily wage in the last 10 years, according to a Thammasat University economist.

Bangkok Post

Funding public education

The idea that higher education could be funded fully by students or their parents is grossly misplaced

The Hindu

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Some Economists Rethink When, if Ever, China Will Pass U.S. in GDP

The sharp slowdown in China's growth in the past year is prompting many experts to reconsider when China will surpass the U.S. as the world's largest economy -- or even if it ever will.

Bangkok Post

India overtakes U.K. to become fifth largest economy in the world

With India being the world's fastest growing major economy, its lead over the U.K. will widen in the next few years

The Hindu

Commentary: Could a return of the lost workers avert a recession?

There’s not much good to say about the U.S. economy today, with out-of-control inflation eroding household incomes and Americans bracing for a recession after gross domestic output shrunk in the first half of 2022.

Tribune News Service

‘Fantastic number’: TV anchors miss the nuance in 13.5% GDP growth

The Indian economy grew by 13.5 percent in the April-June quarter of 2022, according to data released by the National Statistical Office on Wednesday. This figure may sound impressive, especially given the dismal numbers over the past two years, but there is more than meets the eye.

Newslaundry

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Türkiye’s Economy Grows 7.6% in Q2 2022

Türkiye’s economy grew 7.6% year-on-year in Q2 2022 as expected, extending a hot streak on strong domestic demand and exports, according to new data on Wednesday. Gross domestic product (GDP) expanded 2.1% compared with the previous quarter on a seasonally and calendar-adjusted basis, Turkish Statistical Institute (TurkStat) data showed. A…

Asharq Al-Awsat

The cost of living crisis has been many years in the making – but politicians on both sides ignore this

Fears over the cost of living have reached new highs in the UK after power regulator Ofgem confirmed that the energy price cap will nearly double from October to cost the average household £3,549 a year. There has been much discussion about what the government needs to do to help…

The Conversation

Justin Fox: Biden's economy has the best growth record since Clinton

We’re more than a year-and-a-half into Joe Biden’s presidency, with full second-quarter economic growth numbers from the U.S. Bureau of Economic Analysis now in hand. Which seems like as good a time as any for another installment in my occasional series comparing growth rates under U.S. presidents — which somewhat…

Tribune News Service

Scotland’s GDP falls by 0.8% in June

Scottish Government estimates showed growth flatlining during the second quarter

Insider UK

A fairer measure of Britain’s wealth

Letter: Peter Danielian disputes a claim that the UK is the sixth-richest country in the world

The Guardian - UK

Scotland’s GDP to 'grow more slowly' than UK over 50 years

Projected growth of 0.9% per year on average between 2028-29 and 2071-72 compares to 1.4% for the UK as a whole

Insider UK

Scotland on track for slow GDP growth and population decline as part of UK

SCOTLAND is set for slow GDP growth and population decline over the next 50 years under the current constitutional set-up, according to new figures.

The National (Scotland)

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Al Jazeera

As China’s property crisis grows, is the global economy at risk?

China’s house prices are falling as Beijing reins in sector, raising fears for economic growth at home and globally.

Asharq Al-Awsat

Egypt Sees Budget Deficit Narrowing to 5.6% of GDP this Year

Egypt expects more progress on reducing its budget deficit this year and a foresees a decline in its debt ratio after currency devaluations caused it to rise last year, Finance Minister Mohamed Maait told a news conference on Monday. The deficit was expected to narrow to 5.6% of gross domestic…

Reuters

Floods, other water-related disasters could cost global economy $5.6 trillion by 2050 -report

Worsening droughts, storms and torrential rain in some of the world's largest economies could cause $5.6 trillion in losses to the global economy by 2050, according to a report released on Monday.

Tribune News Service

Mihir Sharma: Forgiving student debts is a bad idea — just ask India

The United States government will find out soon enough what “moral hazard” means. Clearly it does not know already, or President Joe Biden would not have announced earlier this week that his administration would forgive U.S. student debt worth around 1.6% of GDP.

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Bangkok Post

Poll finds digital gains

The country's digital transformation push via government policies has resulted in an increase in several digital indicators, including internet access, active users, trust and e-commerce development, according to the Thailand Digital Outlook 2022 survey.

The Hindu

Achieving net zero emissions target can boost India’s GDP, says report

By reaching target by 2050, India can boost annual GDP by as much as 7.3% and create nearly 20 million additional jobs by 2032, it says

The Hindu

Net zero can boost India’s GDP, says report

By reaching target by 2050, India can boost annual GDP by as much as 7.3% and create nearly 20 million additional jobs by 2032, it says

Benzinga

S&P 500, Nasdaq Futures Firm Up Ahead Of Fed Jackson Hole Event, Q2 GDP Data; Tesla In Focus Today

Trading in U.S. index futures suggests Wall Street may get off to a positive start on Thursday, building on the momentum from the previous session.

Bangkok Post

Thai economic contraction beckons

Why does the Thai economy risk facing an economic contraction in the second half of this year? The answer is simple.

Newsroom.co.nz

Embrace more economic growth at our peril

Focusing on GDP presents an enticing distraction from the associated ecological harm. Jack Santa Barbara argues that ignoring it is a recipe for economic and social catastrophe.

The National (Scotland)

Decade of ‘lost economic growth’ in UK has cost Scotland billions, new analysis claims

SCOTLAND's economy lost out on around £18 billion because of a “decade of lost growth” in the UK which has added to the impact of the…

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