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The Latest Breaking News from GDP

Commentary: Biden’s stall tactics won’t fix the federal government’s finances or bring down inflation

If you listen to Treasury Secretary Janet Yellen or President Joe Biden, it sounds like the country will implode if Congress fails to raise the debt ceiling in a couple months. But Biden’s words don't match his actions.

Tribune News Service

ASPS lists stock picks for Chinese recovery

Asia Plus Securities (ASPS) says investors should consider 20 stocks that are expected to benefit from a Chinese economic recovery after the country's first-quarter GDP grew by 4.5%, the highest in a year.

Bangkok Post

Dollar Slips as T-Note Yields Fall

The dollar index (DXY00 ) on Tuesday fell by -0.36% as T-note yields declined. Also, strength in the Chinese yuan Tuesday undercut the dollar after China's Q1 GDP expanded more than forecast. Hawkish comments Tuesday from St. Louis Fed President Bullard and Atlanta Fed President Bostic provided underlying support for...

Barchart

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‘Recovering from Covid’: Chinese economy grows 4.5% in first quarter of 2023

China's economy grew faster than expected in the beginning of the year at 4.5 percent, on the back of strong export and infrastructure investment figures. GDP is bouncing back after the country put an end to its so-called "Zero-Covid" policy and as the government has pledged to do more to…

France 24

FTSE 100 racks up eighth day of gains despite rising insolvencies and unemployment – as it happened

More firms are at risk of tipping from ‘danger’ to ‘distress’, experts warn, as businesses are hit by soaring costs and weak economy

The Guardian - UK

Region's state debt reaches 18-year high

The average government debt level in Asia-Pacific is at an 18-year high, with most developing economies in the region trying to stabilise it at current levels by 2027, according to recent research.

Bangkok Post

Debt dangers in Africa: how defaults hurt people, and why forgiveness isn’t the answer

Public debt repayments in some African countries are at their highest levels since 1998. The Conversation Africa’s founding editor Caroline Southey talks to dean and economics professor Philippe Burger about the danger of debt problems some African countries face.

The Conversation

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Oil Steady as Market Awaits China GDP Data

Oil prices were steady on Monday as investors eyed Chinese economic data for signs of demand recovery in the world's second-largest oil consumer. Brent crude futures nudged 7 cents lower to $86.24 a barrel by 0746 GMT, while US West Texas Intermediate crude was at $82.47 a barrel, down 6…

Asharq Al-Awsat

World Bank: Peace Deal in Yemen Would Push Toward Sustainable Growth

The World Bank has revealed that in case a lasting truce or peace arises, the Yemeni economy could register more sustainable growth within months of the agreement.

Asharq Al-Awsat

China’s Economy Expected to Rebound as Zero-Covid Era Fades

China is expected to announce an economic rebound on Tuesday, when Beijing releases its first quarterly GDP figures since abolishing growth-sapping Covid restrictions late last year. The Asian giant's virus containment policy -- an unstinting regime of strict quarantines, mass testing and travel curbs -- strongly constrained normal economic activity…

Asharq Al-Awsat

‘Britain is back’ after mini-Budget meltdown, says Jeremy Hunt

Although the Chancellor restored some confidence in the economy following the mini-Budget UK GDP is on track to contract by 0.3 per cent across 2023

Evening Standard

IMF Warns: MENA Region Faces 4 Challenges

Growth of the real GDP in the Middle East and North Africa (MENA) region is projected to slow this year to 3.1 percent from 5.3 percent in the previous year, announced Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF), Jihad Azour. Azour added…

Asharq Al-Awsat

Economic hit from public sector strikes worth it to tame UK inflation, says Hunt

Chancellor’s remarks come despite industrial action being major factor in zero GDP growth in February

The Guardian - UK

Bank’s chief economist says UK economy still set to contract this quarter

Huw Pill said the latest GDP figures are ‘somewhat disappointing’ despite being an improvement on previous forecasts.

The Independent UK

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Asharq Al-Awsat

GCC-listed Companies Register Record Profits

Companies listed in the GCC markets registered record profits last year, achieving remarkable financial results that came in parallel with a significant improvement in post-pandemic economic activity, resulting in one of the best GDP growth rates in 2022. A Gulf report issued on Wednesday showed that the industrial activity in…

France 24

EU adds Russia's Wagner mercenary group to sanctions list

The European Union on Thursday added Russia's Wagner mercenary group to its sanctions list for "actively participating in the Russian war of aggression against Ukraine" as US authorities made an arrest in connection with the leak of confidential documents. Follow our blog to see how the day's events unfolded. All…

Insider UK

Global economy not on the cusp of another 2008 - Bank of England governor

The UK’s economy showed no growth in February, narrowly avoiding a recession despite decades-high inflation

The Independent UK

UK’s economy flatlined in February as teachers’ strikes drag on growth

Analysts expected GDP to grow by 0.1 per cent in February

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Evening Standard

FTSE 100 Live: ‘Recession could be back on the table’; shares close up 0.3% on US inflation good news

Superdry and Dr Martens today revealed trading setbacks in a session when the FTSE 100 index has maintained recent progress.

Evening Standard

Hopes of economic rebound are hobbled by wave of strike walkouts

Zero growth in latest GDP figures casts a shadow on the economy

The Guardian - UK

Strikes drag UK economic growth to a standstill; mortgage defaults rising as households struggle – as it happened

Latest GDP report shows that civil service and teachers’ strikes held back service sector growth, leading to no growth in February

The Guardian - UK

UK national debt will continue to rise over next five years, says IMF

Forecast by Washington-based body puts at risk Rishi Sunak’s pledge to cut debt as share of GDP

The Guardian - AU

Australia is not a high-tax country. So why can’t we have a conversation about the T word?

We need to get real about how we pay for the services we want if we are to fund a growing budget challenge

Evening Standard

UK economy: Set-piece moment looms from latest growth readout

Test for more resilient showing from UK economy due on Thursday from GDP data for February

Newsroom.co.nz

Climate inaction likely to cost billions – Treasury

Purchasing overseas carbon credits to meet New Zealand's Paris target instead of reducing climate pollution at home could cost $3.3b to $23.7b.

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