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The Latest Breaking News from GDP

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.

The Times of India

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.

Bangkok Post

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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…

StockNews.com

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…

The Conversation

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.

Tribune News Service

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’

The Independent UK

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

The financial changes happening in December

Liverpool Echo

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.

Bangkok Post

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

Wales Online

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…

Asharq Al-Awsat

Why the G20 should defer debt from emerging economies like Indonesia and India – or risk an even worse global recession

When the pandemic hit the world in 2020, global debts reached US$226 trillion in 2020, the highest since the second world war. Meanwhile, government, household and private-sector debt in 31 emerging economies reached $98.8 trillion as of June this year, or 2.5 times their collective gross domestic product (GDP), according…

The Conversation

India's Second-Quarter GDP Growth Slips To 6.3 Per Cent

India's economic growth slowed to 6.3 per cent in the July-Sep quarter of 2022-23 compared to 13.5 per cent in the preceeding three months. Read on for details:

Dynamite News

DWP - 9 money changes in December including Christmas bonus and £300 cost of living cash

Every date you need to know

Nottingham Post

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Bangkok Post

How are Thais spending so much now?

Third-quarter GDP growth for 2022 (Q3/2022) is 4.5% -- substantially higher than the expected 4%. The main driving factor is robust private consumption -- not tourism income -- which expanded 9% in real terms and 15.7% in nominal terms, compared to the same quarter last year. On the surface, this…

Al Jazeera

India GDP halves in September quarter as COVID distortions fade

Economists warned that growth momentum may ease in the December quarter due to higher interest rates, slowing exports.

Asharq Al-Awsat

Jordan’s Draft 2023 Budget Forecasts Lower Deficit, Steady Economic Growth

Finance Minister Mohamad Al Ississ said on Wednesday that Jordan's draft 2023 budget forecasts 11.4 billion dinars ($16 billion) in state expenditure as the economy's recovery gathers pace. Al Ississ said in a statement the budget deficit was expected to fall to 2.9% of GDP next year from 3.4% this…

Al Jazeera

US revises up last quarter’s economic growth to 2.9 percent

Wednesday’s data shows that last quarter’s GDP uptick was led by solid gains in exports and consumer spending.

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Glasgow Live

10 December money changes from DWP Christmas bonus to Pension Credit cut off

There are a number of key dates for your diary in the coming months, with the lead up to the festive season an expensive time. Here are some days to look out for in the coming weeks.

The Times of India

India on track to achieve 6.8-7% GDP growth this fiscal: CEA Anantha Nageswaran

NEW DELHI: The Indian economy is on track to achieve a 6.8-7 per cent GDP growth in the current fiscal, chief economic advisor (CEA) V Anantha Nageswaran said on Wednesday.

The Times of India

Indian economy grows 6.3% in Q2 of FY23; services shine, manufacturing & mining sectors drag

NEW DELHI: India's gross domestic product (GDP) for the period July-September 2022 grew by 6.3% , data released by the government showed on Wednesday.

Asharq Al-Awsat

Türkiye’s Economic Growth Slows to 3.9% in Q3 as Foreign Demand Falls

Türkiye’s economy expanded 3.9% in the third quarter from a year ago, according to official data released on Wednesday, though growth slowed from the previous quarter as a global slowdown put a drag on exports, but the tourism sector remained strong. Gross domestic product (GDP) contracted 0.1% from the previous…

Bangkok Post

Thailand heads for third-straight modest rate hike as GDP recovers

The Monetary Policy Committee is set to raise its key rate by a quarter point for a third straight meeting as an accelerating economic growth aided by tourism revival risks stoking prices.

Daily Mirror

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

There are plenty of financial changes happening in December to note down in your diary, including more cost of living help, energy rebates - plus a potential change to your benefit payments

The Japan News/Yomiuri

Kishida specifies 2% of current GDP target for defense, security spending

Prime Minister Fumio Kishida has instructed the defense and finance ministers to boost Japan's defense and security-related spending in fiscal 2027 to 2% of the current gross domestic product.

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