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The Latest Breaking News from GDP

India's GDP forecast raised to 6.3% from 6% for current fiscal year: Fitch Ratings

This is primarily because of a stronger outturn in the first quarter and near-term momentum. Read further on Dynamite News:

Dynamite News · Jun 22, 2023

Fitch raises India's GDP forecast to 6.3% from 6% for current fiscal year

Fitch Ratings on June 22, 2023 raised its forecast for India’s economic growth to 6.3% for current fiscal year 2023-24 from 6% it had predicted previously

The Hindu · Jun 22, 2023

China's economic recovery is built on increasingly shaky foundations and that could affect the whole world

Confidence in China’s post-COVID recovery has started to waver over the past week after the world’s second-largest economy reported disappointing figures for two of the major drivers of its economy: property and exports.

The Conversation · Jun 21, 2023

From analysis to the latest developments in health,
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UK government debt rises above 100% of GDP for first time since 1961

In blow to Rishi Sunak’s plans to cut taxes before general election, net debt reached £2.6tn at of end of May

The Guardian - UK · Jun 21, 2023

UK debt exceeds 100% of GDP for first time since 1961 – ONS

The Office for National Statistics said net debt reached £2.6 trillion as of the end of May, estimated at 100.1% of gross domestic product.

The Independent UK · Jun 21, 2023

Technology to contribute 20-25% of Indian GDP by 2025-26: IT Minister Chandrasekhar

Mr. Chandrasekhar said that the digital economy has expanded, diversified and currently there isn’t a slice or space in the tech sector that Indian entrepreneurs and Indian startups are not present in

The Hindu · Jun 19, 2023

Recession politics the latest NZ Labour blow

New Zealand's governing Labour party is trapped in a mire of blunders and bad news, the biggest of which might be the technical recession confirmed last week.

AAP · Jun 19, 2023

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Drowning in debt

Household debt has long been a concern for Thailand, impeding consumer spending and hindering economic growth.

Bangkok Post · Jun 18, 2023

Thai growth set to beat BoT forecast

The Bank of Thailand expects GDP growth to exceed its forecast, with the economic policies of the new government driving expansion alongside tourism and consumption growth.

Bangkok Post · Jun 15, 2023

America’s latest inflation wave is all about corporations ‘using excuses’ and ‘cover’ to increase profits, says top UBS economist

“We’re seeing this expansion of margin under the cover of, ‘Oh, it’s a general inflation problem, we can’t help it,’ Paul Donovan of UBS said Thursday.

Fortune · Jun 15, 2023

Strong job numbers could mean more rate rises for Australia. Here’s why a recession isn’t a certainty

Reserve Bank appears determined to raise interest rates at least once more, even if Australia’s economy is slowing

The Guardian - AU · Jun 15, 2023

Commentary: By the treasury secretary’s own definition, we’re back in recession

Last month, the Department of Commerce released troubling data on the anemic economy, showing that gross domestic income (GDI) shrank in the previous six months. That’s no surprise to half of Americans who believe we’re currently in a recession, but the data refute President Joe Biden’s claim that the economy…

Tribune News Service · Jun 15, 2023

Floods, cyclone put New Zealand in slender recession

New Zealand experienced a shallow recession after two quarters of negative GDP growth to March 2023, data released by Stats NZ shows.

The New Daily · Jun 14, 2023

Government nudged to correct revenue-to-GDP proportion

The government is advised to seek methods to increase its revenue-to-GDP ratio following a continuous decline, while remaining prudent in incurring higher levels of debt, says a Finance Ministry source who requested anonymity.

Bangkok Post · Jun 14, 2023

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Bangkok Post · Jun 14, 2023

Whoever takes office will inherit a mess

The election result is clear and the MOU to form a 312-seat government in the 500-seat parliament is agreed. But who will lead Thailand and its economy for the next four years is unclear. Whether it will be a pro-equality government, pro-growth government, or even a pro-big-spending government remains in…

Kiplinger · Jun 14, 2023

U.S. Debt on Course to Balloon Before It Shrinks: Kiplinger Economic Forecasts

See why U.S. debt will continue to rise, thanks to factors such as inflation, Medicare, and Social Security spending.

Evening Standard · Jun 14, 2023

High street growing as people head to pubs and restaurants

GDP was up 0.2 per cent in April, in line with City forecasts

Manchester Evening News · Jun 14, 2023

UK economy returns to growth after Brits spend more in pubs, bars and shops

The UK's GDP was boosted by 0.2 percent in April after a fall in March

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The Guardian - UK · Jun 14, 2023

UK economy returns to slender growth as spending in pubs lifts output

GDP rose by 0.2% in April, with rising car sales and reduced impact of strikes also playing a part

The Guardian - UK · Jun 14, 2023

Pound hits one-year high as more interest rate hikes loom; UK grows in April; WE Soda cancels London float – as it happened

UK economy has bounced back from March’s contraction, but experts fear rising interest rates will cause recession

Evening Standard · Jun 14, 2023

FTSE 100 Live: Blow for City as WE Soda cancels IPO; Fed rates call; FTSE closes at 7,602.74

A return to growth for the UK economy in April was today offset by caution in the recruitment sector after staffing firm Robert Walters warned on profits.

AAP · Jun 13, 2023

New Zealand on recession knife-edge as GDP data looms

Economists are at odds as to whether New Zealand books a recession when Stats NZ releases first quarter GDP data.

The Conversation · Jun 12, 2023

Kenya's first budget under Ruto - three experts review its key points

President William Ruto’s first budget comes to the national assembly on 15 June against the backdrop of massive public debt and public disquiet over high inflation. The KSh3.663 trillion (US$26.35 billion) plan sets out priority areas of an administration that campaigned on the platform of empowering the informal sector. Many…

The Hindu · Jun 12, 2023

Transformation in farm sector essential for making India a developed country, says ICAR Director-General

Director-General of Indian Council of Agriculture Research (ICAR) Himanshu Pathak has emphasised the need for bringing about a transformation in the farm sector to make India a developed country from a developing country. Delivering his address at the 36th annual convocation of the University of Agricultural Sciences (UAS) held at…

Bangkok Post · Jun 9, 2023

Asian equities gain on hopes for Fed pause

RECAP: Most Asia-Pacific equity markets rose on Friday to their highest level since mid-February, taking cues from an overnight Wall Street rally as bets firmed that the US Federal Reserve would not raise interest rates next week.

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