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The Latest Breaking News from GDP

Saudi Economy Registers Highest Growth among G20 Countries

Saudi Arabia’s gross domestic product (GDP) grew by 8.7 percent in 2022, registering the highest growth rate among the G20 countries, despite the complex economic conditions and challenges facing the world. This rise has exceeded the expectations of international organizations, which have estimated the Saudi GDP to increase by 8.3…

Asharq Al-Awsat

Economic growth of sorts, but UK plc is going nowhere

GDP is likely to edge sideways in 2023 (if that) but the true impact of rising interest rates has yet to be felt

The Guardian - UK

UK’s economy returns to growth after rebound in entertainment and transport

The Office for National Statistics said the economy grew by 0.3% in January, following a sharp 0.5% decline in December.

The Independent UK

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UK economy rebounds as Jeremy Hunt finalises budget

January GDP growth of 0.3% bigger than expected, driven by education, health and recreation sectors

The Guardian - UK

US adds 311,000 jobs in February; UK economy returns to growth; regulators take over Silicon Valley Bank – as it happened

UK economy has proved ‘more resilient than many expected’ says chancellor Jeremy Hunt, while problems at Silicon Valley Bank knock FTSE 100 down 2%

The Guardian - UK

Is Australia getting South-East Asia all wrong?

South-East Asia is a powerhouse region and a close neighbour — just don't call it our "backyard".

ABC News

Economic growth doesn't have to mean 'more' – consuming 'better' will also protect the planet

Around 30 years ago, many developed countries started a process of absolute decoupling of their emissions of CO₂ and energy use from economic growth. This means keeping emissions stable, or better yet, shrinking them, while still growing the economy.

The Conversation

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Japan revises GDP to nearly flat, showing fragile recovery

Japan’s economy grew at an annual pace of 0.1% in October-December, in a downgrade from an earlier 0.6% increase

The Independent UK

Part 1: The country needs to change

Before I start the article, I would like to report that Thailand's economic performance in January 2023 was no better than the last quarter of 2022, when GDP growth was merely 1.4%.

Bangkok Post

Wang Tao: Takeaways From China’s Government Work Report

UBS has upgraded its GDP growth forecast for the country to 5.4% for 2023 and 5.2% for 2024

Caixin Global

Will pension strikes lead to fuel shortages in France?

Workers at petrol refineries across France are among those on strike against the government's proposed pension reforms. If unions continue the walkouts on a rolling basis, motorists are worried they could face petrol shortages. Also in the show: power cuts in South Africa have weighed more than expected on GDP…

France 24

Explainer: What is 'Hindu rate of growth' and why Raghuram Rajan's remarks may be 'premature'

NEW DELHI: India's gross domestic product (GDP) data for the third quarter (October-December 2022) received a word of caution from the former Reserve Bank of India (RBI) governor Raghuram Rajan.

The Times of India

China's underwhelming 2023 economic growth target

The modest growth goals suggest China's economy may continue to weigh on global GDP.

Axios

Underlying Australia's inflation problem is a historic shift of income from workers to corporate profits

The three years since the onset of the pandemic have witnessed a dramatic redistribution of national income, away from labour compensation and towards business profits.

The Conversation

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The Guardian - UK

‘They’d never seen sliced bread’: how a tiny film about Himalayan yak-herders conquered the world

Filmed in a remote Bhutan village, Lunana: A Yak in the Classroom captures a way of life that is rapidly vanishing. Its Oscar-nominated director talks about growing up in a country where prosperity is measured by happiness, not GDP

Fortune

How the IMF naively parroted Putin’s fake statistics–and botched its economic forecast for Russia

The IMF simply does not have the data it needs to independently calculate Russia’s GDP by any accepted method.

Bangkok Post

State eager to avoid fiscal fiasco

The government set an ambitious goal to achieve a balanced budget in 10 years, even though several obstacles still remain.

Caixin Global

NPC Preview: Supporting Growth as the Top Priority

We expect the meeting to set the GDP growth target at ‘around 5%’ with supportive macro policies, including a higher headline fiscal deficit, small increase of new special local government bond quota and more property policy easing, the bank’s chief China economist Wang Tao says

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Al Jazeera

All you need to know about China’s ‘Two Sessions’

The annual meetings of China’s parliament and political advisory body will include a GDP forecast for 2023.

Bangkok Post

Asia-Pacific GDP forecast to grow 3.1% in 2023

The Asia-Pacific region's economy is projected to expand 3.1% this year before dropping to 2.9% growth in 2024 as downside risks continue to pressure recovery, according to an analysis from an Asia-Pacific Economic Cooperation (Apec) research unit.

The Independent UK

Brazil's 4Q22 GDP contraction signals challenge for Lula

Brazil’s economy contracted in the fourth quarter for the first time in over a year, according to data released Thursday by the country’s statistics institute

The Guardian - UK

Russia could run out of money next year, says oligarch Oleg Deripaska

Western sanctions are causing serious pressure, with budget deficit forecast to jump

Insider UK

Scotland’s economy avoids recession with growth of 0.1% in final quarter

GDP in Scotland is still 0.3% below pre-pandemic levels recorded in the final three months of 2019

The Guardian - AU

Rate rises are hitting home as real incomes fall and the economy slows. What an achievement!

Weak growth anticipates worse to come, given the promise of further RBA hikes and the economy has already begun to fall

The Conversation

Inflation still the 'defining challenge' as Australia's economic activity slows

Australia has recovered better than most from the COVID pandemic. As measured by gross domestic product (GDP), the economy is now 7% larger than it was before the pandemic.

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People

Luiz Inácio Lula da Silva

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Carlos Garcia Rawlins

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