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The Latest Breaking News from GDP

States' fiscal health show improvement: RBI report

MUMBAI: States' gross fiscal deficit (GFD) is budgeted to decline from 4.1 per cent of gross domestic product (GDP) in Covid-hit 2020-21 to 3.4 per cent of GDP in 2022-23 showing improvement in their fiscal health, said a Reserve Bank report on Monday.

The Times of India

The Hidden History of the World’s Top Offshore Cryptocurrency Tax Haven

The Bahamas represents how global capitalism can go very right, and very wrong, at exactly the same time.

Foreign Policy

The UK may avoid a recession for now but it won’t feel like it for many

Jeremy Hunt is not getting carried away by November growth, and monthly GDP moves can be erratic

The Guardian - UK

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UK economy grew by only 0.1% in November

Figure comes as people began Christmas shopping, while World Cup gave pubs and bars a boost

The Guardian - UK

FTSE 100 Live: GDP beats expectations, blue-chip index near record

A surprise rise in GDP for November today boosted hopes that the UK can still avoid a slide into recession.

Evening Standard

World Cup helps net UK growth boost as economy unexpectedly grew by 0.1% in November

Latest GDP figure beats expectations in surprise boost to the economy

Evening Standard

Signs of economic slowdown alarming

The Thai government, businesses, and citizens are cherishing the news of returning Chinese tourists with the first group of 286 passengers who arrived on Monday. The Tourism Authority of Thailand estimates that 5 million Chinese tourists will visit our country this year, bringing with them 250 billion baht in spending…

Bangkok Post

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Can China save its economic miracle now?

China's recent decision to abandon its strict zero-Covid policy has led many to believe that its economy will bounce back. The Economist Intelligence Unit, for example, has revised its forecast for Chinese GDP growth in 2023 upward, to 5.2%. But growth recovery is not automatic, and China must contend with…

Bangkok Post

World Bank cuts Pakistan’s GDP growth projection to 2 percent

Predicting a difficult year ahead, bank revises nation’s growth from 4 percent last year to 2 percent in current fiscal.

Al Jazeera

How closing the digital divide can improve the global economic outlook for 2023 and beyond

As much as 60% of the global GDP relies on digital communications–and yet a third of the global population remains disconnected from the internet.

Fortune

Economists see a silver lining to China’s COVID chaos: better-than-expected 2023 economic growth

Banks are raising their forecasts for China's 2023 GDP growth, even as the country endures a massive COVID wave.

Fortune

GDP growth in 2022-23 seen at 7%: NSO’s advance estimates

NEW DELHI: India’s gross domestic product (GDP) growth is estimated at 7% for 2022-23 on the back of a rebound in services and farm sectors but may face strong headwinds in the months ahead due to the geopolitical situation and possible recession in several countries across the globe.

The Times of India

Czech government OKs bill for 2% GDP spending on military

The Czech government has approved a bill aimed at bringing defense spending at the required NATO goal of 2% of gross domestic product as Russia's war in Ukraine continues

The Independent UK

German police union calls for action after New Year attacks

Germany’s biggest police union has called for concerted action to prevent a repeat of the violence toward officers, firefighters and medical personnel seen in Berlin and other cities during the New Year’s celebrations

The Independent UK

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Bangkok Post

A challenging year ahead

Global economic growth in 2023 is expected to remain sluggish, following a year roiled by the war in Ukraine and soaring inflation.

Caixin Global

Year in Review: China’s Struggle to Contain Covid Hits the Economy Hard

Lockdowns added to the country’s woes, including an ongoing housing slump and fading exports, but Beijing’s year-end pivot to living with the virus raises the prospect of a recovery in 2023

The Times of India

India's current account deficit widens to $36.4 billion; 4.4% of GDP in Q2: RBI data

MUMBAI: Widening trade gap pushed up the country's current account deficit to $36.4 billion or 4.4 per cent of the GDP in the second quarter of the current fiscal, as per data released by the Reserve Bank on Thursday.

The Times of India

The Healthcare Sector Needs to Lead the way on Decarbonization

The recent Lancet Countdown report on Climate Change highlighted the impact of the healthcare sector on global emissions. The report indicates that the total emissions footprint of the global health sector is 5.2% or 2.7 GtCO2e of total global emissions, while contributing to 10% of global GDP. As per Health…

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Bangkok Post

Economic risks to watch out for in 2023

The world will end 2022 with big celebrations. Yet not because of robust economic growth, as growth this year is projected to be only 3.2% -- following the International Monetary Fund's (IMF) recent projections -- compared to 6.0% growth in 2021.

The Independent UK

Government refuses to publish economic benefits estimate of latest Brexit trade deal

Department for International Trade says releasing an estimate isn’t appropriate

Bangkok Post

Fiscal policy plans endorsed by cabinet

The cabinet yesterday approved the medium-term fiscal policy for fiscal 2024-2027, with the aim of achieving a significant reduction in the budget deficit in 2024 to ensure fiscal stability.

Tribune News Service

No signs of a slowdown here: Texas’ GDP growth surges 8.2%, and population spikes

The latest job estimates show growth has slowed in Texas, but other metrics are still pointing up – way up.

Bangkok Post

A South Korean trajectory for China's capital?

In October, the 20th Congress of the Communist Party of China endorsed another five-year term for President Xi Jinping, effectively ending the practice of limiting the presidency to two terms. It was thus also an unmistakable break with the tradition of collective leadership established in the late 1970s after the…

Newsroom.co.nz

Give progress a chance: Embrace degrowth

Continuing to prioritise economic growth is not a recipe for being a good ancestor. Nor is it a recipe for human progress, writes Jack Santa Barbara.

Asharq Al-Awsat

Egypt Targets 5.5% GDP Growth in FY2023/24

Egypt is targeting GDP growth at 5.5% in fiscal year 2023/24, its Finance Minister Mohamed Maait said in a circular on Saturday.

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