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The Latest Breaking News from GDP

Underlying Australia's inflation problem is a historic shift of income from workers to corporate profits

The three years since the onset of the pandemic have witnessed a dramatic redistribution of national income, away from labour compensation and towards business profits.

The Conversation

‘They’d never seen sliced bread’: how a tiny film about Himalayan yak-herders conquered the world

Filmed in a remote Bhutan village, Lunana: A Yak in the Classroom captures a way of life that is rapidly vanishing. Its Oscar-nominated director talks about growing up in a country where prosperity is measured by happiness, not GDP

The Guardian - UK

How the IMF naively parroted Putin’s fake statistics–and botched its economic forecast for Russia

The IMF simply does not have the data it needs to independently calculate Russia’s GDP by any accepted method.

Fortune

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State eager to avoid fiscal fiasco

The government set an ambitious goal to achieve a balanced budget in 10 years, even though several obstacles still remain.

Bangkok Post

NPC Preview: Supporting Growth as the Top Priority

We expect the meeting to set the GDP growth target at ‘around 5%’ with supportive macro policies, including a higher headline fiscal deficit, small increase of new special local government bond quota and more property policy easing, the bank’s chief China economist Wang Tao says

Caixin Global

All you need to know about China’s ‘Two Sessions’

The annual meetings of China’s parliament and political advisory body will include a GDP forecast for 2023.

Al Jazeera

Asia-Pacific GDP forecast to grow 3.1% in 2023

The Asia-Pacific region's economy is projected to expand 3.1% this year before dropping to 2.9% growth in 2024 as downside risks continue to pressure recovery, according to an analysis from an Asia-Pacific Economic Cooperation (Apec) research unit.

Bangkok Post

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Brazil's 4Q22 GDP contraction signals challenge for Lula

Brazil’s economy contracted in the fourth quarter for the first time in over a year, according to data released Thursday by the country’s statistics institute

The Independent UK

Russia could run out of money next year, says oligarch Oleg Deripaska

Western sanctions are causing serious pressure, with budget deficit forecast to jump

The Guardian - UK

Scotland’s economy avoids recession with growth of 0.1% in final quarter

GDP in Scotland is still 0.3% below pre-pandemic levels recorded in the final three months of 2019

Insider UK

Rate rises are hitting home as real incomes fall and the economy slows. What an achievement!

Weak growth anticipates worse to come, given the promise of further RBA hikes and the economy has already begun to fall

The Guardian - AU

Inflation still the 'defining challenge' as Australia's economic activity slows

Australia has recovered better than most from the COVID pandemic. As measured by gross domestic product (GDP), the economy is now 7% larger than it was before the pandemic.

The Conversation

Watch: Economic outlook, Accused killer extradited, Cough medicine recall

Watch: Australia's GDP has risen by 0.5 per cent during the December quarter, falling short of predictions. We cross live to Treasurer Jim Chalmers to

The New Daily

Farming sector needs urgent restart

One major goal of economic development in the farming sector is to raise the rate of farmers' income per capita, to be equal to or higher than the non-farming sector. For decades, this noble goal has not been achieved.

Bangkok Post

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Bangkok Post

Government bid to raise country's digital competitiveness

The Digital Economy and Society (DES) Ministry wants digital-related businesses to contribute 30% of GDP and for Thailand to reach the top 30 of the IMD World Digital Competitiveness Ranking, both by 2027.

ABC News

ASX slips as Australia's economy grows at a slower-than-expected pace

The Australian share market falls, after a mixed performance on Wall Street as investors bet on interest rates having to rise by more than they initially expected, while the ABS releases a significant update about Australia's solid —but slowing — economic growth.

ABC News

'Recession risks are rising' but the latest GDP numbers are expected to show 'solid' growth

The latest economic growth figures are expected to show a robust economy. But the outlook for 2023 is far less rosy, warn many analysts.

The Times of India

CEA Anantha Nageswaran says 7% growth forecast for current fiscal 'very realistic'

NEW DELHI: Chief economic advisor (CEA) V Anantha Nageswaran on Tuesday said high frequency data indicate buoyant economic growth momentum and the 7 per cent GDP growth estimate for the current fiscal is very realistic.

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The Times of India

India's Q3 GDP at 4.4%; economy to grow at 7% in FY23

NEW DELHI: India's gross domestic product for the third quarter (September-December 2022) of financial year 2022-23 grew by 4.4%, data released by the Centre showed on Tuesday.

The Guardian - UK

Confusion surrounds China’s energy policies as GDP and climate goals clash

Wave of permits for coal-fired power plants sparks concern as ambitions for GDP growth and lowering emissions come into conflict

Evening Standard

Total value of London’s homes has risen to more than £1.8 trillion

London’s housing stock is worth almost as much as Italy’s annual GDP

Asharq Al-Awsat

UAE, Egypt, Jordan, Bahrain Sign $2 Bn Industrial Agreements

Egypt, the UAE, Jordan, and Bahrain signed 12 agreements and partnerships in nine integrated industrial projects with an investment value of more than $2 billion at the third Higher Committee meeting of the Industrial Partnership for Sustainable Economic Growth in Amman, Jordan. The projects are expected to boost the national…

Reuters

Ukraine's economy stabilizes after shock of war

When Russia invaded Ukraine a year ago, the shelves of the Novus supermarket chain in Kyiv quickly emptied as its supply chains - domestic and overseas - collapsed. Fresh produce became scarce and panic buying spread.

Tribune News Service

Karl W. Smith: Today's debt ceiling is tomorrow's dreaded debt bomb

As disconcerting as the U.S.’s current debt situation is, the outlook is even worse. When the bipartisan Congressional Budget Office updated its forecasts this month, it estimated that debt held by the public will climb to $46 trillion by 2033 from $31 trillion currently. This puts the country one step…

360info

How Sri Lanka sleepwalked over a debt cliff

The issues that led Sri Lanka to become an economic basket case in 2022 serve as a warning for other nations.

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People

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Australian Bureau of Statistics

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