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The Latest Breaking News from GDP

ECB warns eurozone economy ‘remains weak’ after leaving interest rates on hold; US growth accelerates to 4.9% – as it happened

Eurozone central bank gives press conference after pausing its cycle of rate hikes, as inflation slows and Europe’s economy weakens

The Guardian - UK

China's economy: Mystery packed in lies

Everyone knows that China's economic data is much worse than the official numbers. Just how big are the lies?

Salon

Expert favours higher investment in R & D to drive innovation in India

India needs to invest more in R&D to become an innovation powerhouse, said Prof. Rishikesha T. Krishnan, Director of IIMB, at the 82nd CSIR Foundation Day. The Global Innovation Index (GII) 2022 report showed India's R&D expenditure as 0.7% of GDP in 2018, compared to 2.4% in China. India's R&D…

The Hindu

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read the most diverse news in one place.

Alibaba (BABA) and NetEase (NTES): Is It Time to Invest in These China Stocks?

China’s faster-than-expected GDP growth in the third quarter and solid consumption and industrial activity last month showed economic recovery gaining traction amid a recent flurry of stimulus measures. So, let’s find out if it is the right time to invest in Chinese stocks Alibaba Group (BABA) and NetEase (NTES). Continue…

StockNews.com

China sees economy grow 4.9% in third quarter, beating expectations

China's National Bureau of Statistics has released a new raft of data on the health of the Chinese economy, the world's second largest. Annual GDP growth in the third quarter reached 4.9%, beating analysts' expectations. The authorities' efforts to support growth are bearing fruit, although retail sales remain low and…

France 24

Taylor Swift’s Eras Tour Generates Billions, Boosts Economy

Swift's record-breaking concert series pumps billions into sectors from hospitality to retail, with projected earnings surpassing GDP of smaller countries.

Zenger

US inflation sticks at 3.7%; UK recession fears linger despite August growth; Ikea to cut prices – as it happened

UK services sector lifts economy back to growth in August, but BoE policymaker Swati Dhingra warns that economy is flatlining

The Guardian - UK

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UK economy grew by 0.2% in August – but recession concerns remain

Rise in GDP fuelled by business services amid worries that impact of recent interest rate hikes yet to be felt

The Guardian - UK

UK economy returns to growth but remains stuck in the slow lane

Britain’s economy returned to growth in August but remains firmly stuck in the slow lane, new official figures reveal today.

Evening Standard

‘Modi-nomics’ fails to buck the trend

Statistical considerations apart, right now there are good reasons for looking at a slice of time longer than a few quarters when studying economic growth in India

The Hindu

Decoding major parties' economic credentials

There's no real data to suggest the economy is better off under a National or Labour government, writes Andrew Bevin

Newsroom.co.nz

How corporate America is forgoing growth to avoid diversifying its workforce

Closing the racial wealth gap between white and Black Americans, which currently stands at 13 to one, would increase GDP by 5%, or nearly $1.2 trillion.

Fortune

Australia under more mortgage stress than any other nation, IMF says

Cost of repaying loans is 15% of income and likely to be higher after this year’s rate hikes, as fund predicts GDP growth of 1.2% next year

The Guardian - AU

Markets Today: Stocks Slightly Higher on Prospects of Additional China Stimulus

Morning Markets December E-Mini S&P 500 futures (ESZ2 3) are up +0.05%, and the Dec Nasdaq 100 E-Mini futures (NQZ2 3) are up +0.04%. Stock index futures this morning are slightly higher on the prospects for additional Chinese stimulus, which would be favorable for global growth after Bloomberg reported that...

Barchart

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Evening Standard

IMF says UK will have weakest growth in G7 next year

But Government says GDP is set to rebound faster than in France or Germany

Radio France Internationale

Academy for young winemakers aims to diversify South Africa's wine industry

One of the world's top 10 wine producers, South Africa owes some 9 percent of its GDP to the wine sector – but the industry remains dominated by the white minority. A training academy for young South Africans from disadvantaged backgrounds aims to change that.

The Hindu

Punjab debt goes up by over ₹47,000 crore, experts call for check on freebies

Punjab's debt has risen to ₹47,000 cr in 1.5 years, prompting calls to rationalise freebies. CM Mann said ₹27,000 crore went to interest payments. Economists suggest road map to come out of crisis & mobilise resources.

The Conversation

Have some economists severely underestimated the financial hit from climate change? Recent evidence suggests yes

Scientists say severe climate change is now the greatest threat to humanity. Extreme weather is expected to upend lives and livelihoods, intensifying wildfires and pushing ecosystems towards collapse as ocean heatwaves savage coral reefs. The threats are far-reaching and widespread.

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news in one place.

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The Hindu

Building BRICS for the future

BRICS, a grouping of six new members inducted in August, is an economic compulsion. It has grown to 36% of global GDP and 47% of world population by 2050. It has the potential to challenge G7 dominance and contains two of the world's fastest-growing economies, China and India. The U.S.'s…

Fortune

Ed Yardeni expects a fourth quarter ‘Santa Claus rally’ for stocks that will send the S&P above 4600

The veteran market watcher wasn’t surprised by the market falling in August and September, in fact, he called it.

The Hindu

Increase forest area in Karnataka to 33% to fight climate change: CM

Karnataka CM Siddaramaiah urges to increase forest area to 33% of total land area to fight climate change. Drought, water crisis & crop damage affect State's GDP & per capita income. Increasing forest area can help prevent extreme weather conditions.

Al Jazeera

With a US government shutdown imminent, what happens to the economy?

About quarter of the US GDP is government expenditure. A drop in that spending will have knock-on effect on the economy.

The Guardian - UK

UK mortgage approvals hit six-month low; pandemic recovery faster than expected – as it happened

Updated GDP figures show UK recovering faster from pandemic than Germany or France, but mortgage approvals have fallen

Evening Standard

UK economy larger than thought, updated 2023 GDP figures confirm, with Q1 revised upwards

The ONS had already revised the UK’s GDP for 2021 dramatically upwards, so an unchanged growth rate means a larger economy than first thought

Barchart

Dollar Slips on Weak U.S. Economic News

The dollar index (DXY00 ) on Thursday fell by -0.40%. The dollar came under pressure Thursday from weaker-than-expected U.S. economic reports on Q2 GDP and Aug pending home sales. Losses in the dollar accelerated on dovish comments from Chicago Fed President Goolsbee, who warned that policymakers were at risk of...

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