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The Latest Breaking News from GDP

Size, population, GDP: The BRICS nations in numbers

Officials from Brazil, Russia, India, China and South Africa gather in Johannesburg on Tuesday for a three-day BRICS summit, a five-nation club comprising 40% of the world’s population and more than 25 percent of global GDP that positions itself as an economic counterweight to the West. Almost 15 years on…

France 24

'Care' economy to balloon in an Australia of 40.5 million: Intergenerational Report

Australia’s care economy could increase from its present about 8% of GDP to about 15% in 40 years, according to the government’s Intergenerational Report, to be released by Treasurer Jim Chalmers on Thursday.

The Conversation

The issue is not about India’s GDP, but its JDP

There is a big dissonance between GDP growth and its translation into actual jobs and incomes for people

The Hindu

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Scrap PPP model in ICAR, says Bharatiya Kisan Sangh

Bharatiya Kisan Sangh (BKS), an RSS offshoot, calls for cancellation of ICAR's provision of private-public participation (PPP) in research, citing insecurity of senior scientists.

The Hindu

Are these really the world’s happiest countries?

And why are so many of them often rich, Western nations?

Al Jazeera

Data | Measuring India’s relative progress in the past 76 years

India has made remarkable progress in the past 77 years, compared to other countries across four parameters: GDP per capita, HDI, IMR and women's participation in Parliament. Access to electricity and internet also improved. India's population surpassed China's, making it the most populous country. Read more on The Hindu.

The Hindu

Banks slash China economic growth forecasts

BEIJING: For the second straight month, a slew of disappointing economic data from China spurred investment banks around the world to cut their 2023 growth outlook.

The Times of India

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Scotland’s finance figures to be published as oil revenue increase expected

Scotland’s implicit deficit is likely to have reduced as a percentage of GDP.

The Independent UK

Why a public holiday for a Matildas World Cup win could cost far less than you think

Prime Minister Anthony Albanese is right about one thing when it comes to public holidays.

The Conversation

How much do actors and writers make?

Median hourly wages for actors fell by 56% over the last decade.

USAFacts

India needs a new economic policy

The government at the national level has failed to structure India’s economic policy coherently

The Hindu

OPINION - The Standard View: The UK economy is stuck in a low-growth trap

The UK economy is not in recession but it is stuck in a low-growth trap. GDP in the three months to June registered a 0.2 per cent jump, marking the fifth successive quarter in which the economy has kept its head above water since a 0.5 per cent advance in…

Evening Standard

Enjoy the economic cheer of surprise GDP growth... for now

City Comment: The Bank of England will take the punchbowl away from the party soon enough

Evening Standard

City bets on fresh Bank of England interest rate hike as GDP leap beats forecast

The interest rates outlook will become clearer when the ONS reveals the latest wages and inflation data next week

Evening Standard

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Barchart

S&P Futures Tick Lower Ahead of Key U.S. PPI Data

September S&P 500 futures (ESU23) are trending down -0.04% this morning after three major U.S. benchmark indices finished the regular session slightly higher as market participants digested milder-than-feared U.S. consumer inflation report while also bracing for crucial U.S. PPI data.

The Guardian - UK

UK economy grows faster than expected after surprisingly strong June

GDP increases by 0.2% in April to June on back of recovery in car manufacturing, says ONS

Evening Standard

FTSE 100 Live: ‘Economy flickers to life’ but blue-chips lose 1%, Heathrow passenger numbers climb

The British economy finally saw some growth, albeit still slowly, in the second quarter, as GDP grew by 0.2%.

Evening Standard

UK shrugs off recession as economy grows by 0.2% in second quarter

The meagre GDP growth means there is no immediate risk of recession, but leaves the UK stuck in a low growth trap

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The Guardian - UK

UK economy avoids stagnation with 0.2% growth between April and June – as it happened

The UK economy beats forecast with growth by 0.2% between April and June, including surprisingly fast 0.5% growth in June alone

The Guardian - UK

Tax rises and subsidy cuts behind drop in UK household incomes, says OECD

UK in bottom half of income table across 38 rich nations as US and Italy see growth but Canada, France and Germany decline

Newsroom.co.nz

'It's going to be messy': Banks underestimate threat of climate change

Modelling the impact of rising temperatures is an 'ongoing and living exercise', banks acknowledge. But climate planning experts say they're being complacent. Emma Ricketts reports.

Evening Standard

City braces for insight into impact of rate hikes on economic growth

GDP data for June is due, from a month of rate hikes, hot weather and strikes

The Hindu

RBI retains FY24 GDP forecast at 6.5%

RBI retains GDP growth projection at 6.5% for FY20-21; raises inflation projection to 5.4% due to vegetable prices. Recovery in kharif sowing, services & consumer optimism to support household consumption.

The Conversation

Kenya is going digital to boost tax revenue – there are lessons to learn from other African countries

Many African tax authorities have weak capacity to raise revenue. From 1990 to 2020, sub-Saharan African countries on average collected only about 12%-15% of GDP as taxes, a much lower share than the 33.5% in OECD economies.

The Independent UK

UK ‘at risk of recession next year’ due to soaring interest rates, economists warn

The National Institute of Economic and Social Research warns it will be another year until UK GDP recovers to where it was before the coronavirus pandemic

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