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The Latest Breaking News from GDP

OPINION - The Standard View: Departing Tory MPs may find it tough in the jobs market

Of all the metrics that may foretell a Conservative defeat — from depressed polling data to shrinking GDP figures — perhaps the most prescient is the number of Tory MPs standing down at the next election.

Evening Standard

Canadian delegation in capital seeks to explore business connections

Canadian delegation led by Yukon Premier Ranj Pillai visits Thiruvananthapuram to explore cooperation with State govt. Delegation seeks to strengthen business connections & explore possible cooperation in tourism, education, screen production & tech start-ups. Yukon has small population but high GDP, making it ideal for start-ups to run pilot projects.…

The Hindu

OPINION - The next recession may have already begun

If the UK economy soon slips into recession, we will likely gesture vaguely at summer – such as it was – for when the contraction began. GDP shrank by 0.5 per cent in July, the sharpest decline since December, with services, production and construction all shrinking.

Evening Standard

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FTSE 100 Live: Shares close flat as UK GDP shrinks by 0.5%, BP CEO quits, US inflation up

The shock resignation of one of the UK’s most influential captains of industry was the main talking point on London’s stock market today, as the FTSE 100 held steady overall.

Evening Standard

Barbenheimer blockbusters save economy from even worse GDP dive

The sports activities and amusement, recreation activities sector surged 12.4% in the month as the rest of the economy lagged behind

Evening Standard

UK economy shrinks by 0.5% in July amid wet weather and strikes

Manufacturing, services and construction sectors contract for first time since summer of 2022

The Guardian - UK

Four charged with fraud over Patisserie Valerie collapse; UK GDP shrinks 0.5% in July – as it happened

All three main sectors of the economy in decline after strikes by doctors, radiographers and teachers, while construction and retail hit by wet weather

The Guardian - UK

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‘Recession may have begun’ as UK economy shrinks by 0.5% in July, GDP figures show

Government minister Maria Caulfield conceded that the decline in GDP was “disappointing”

Evening Standard

Recession to end but Govt surplus delayed a year

The pre-election forecasts offer a rosier picture of the economy, with wages growing ahead of inflation, but tougher times for the Government’s own books.

Newsroom.co.nz

Back to school: Which countries spend the most on education?

With school back in session, Al Jazeera looks at the state of global education.

Al Jazeera

Do subsidies and safety nets take focus away from generating jobs?

The Hindu Parley discussion on whether poll promises are a distraction from providing solutions to what appears to be a systemic concern – jobless growth?

The Hindu

Bengaluru-Chennai Expressway to be operational in January: Nitin Gadkari

Union Minister Gadkari announces Bengaluru-Chennai Expressway to be operational in Jan 2021, reducing travel time to 2 hrs. Automobile sector contributes 6.5% to India's GDP and aims to reduce cost of logistics. Hydrogen is the fuel of the future and Centre is working to switch to electric vehicles. Ashok Leyland…

The Hindu

The UK economy's COVID bounceback was stronger than we thought – but here's why people are still feeling financial pain

The UK has been transformed from the laggard of developed economy COVID recoveries, after a recent data revision by the Office for National Statistics (ONS) showed its growth was stronger than previously thought after the pandemic-era lockdowns. The country’s gross domestic product (GDP), a measure of national income that was…

The Conversation

Everyone's talking about the Global South. But what is it?

Indian Prime Minister Narendra Modi says his country is “becoming the voice of the Global South."

The Independent UK

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The Conversation

Australia's not likely to catch a cold, just a sniffle from China's economic downturn

There are few more reliable narratives in the business and financial press than, “If China sneezes, Australia will catch a cold”.

The Guardian - AU

Australia’s economy has got smaller on a per capita basis – like it did in the GFC and 1990s recession. So, you know, not good

We now have GDP that is growing only due to population growth and even then only due to government spending

The Conversation

We're in a per capita recession as Chalmers says GDP 'steady in the face of pressure'

Australia’s economy grew a mere 0.4% in the June quarter according to figures released by the Bureau of Statistics on Wednesday, a performance Treasurer Jim Chalmers describes as “steady in the face of unrelenting pressure”.

The Guardian - AU

Australia’s annual growth slowed in June quarter with GDP up 2.1%

Rise compares with a revised 2.4% economic growth in the March quarter, Australian Bureau of Statistics reveals

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The Independent UK

Kenya's leader says climate change is eating away Africa's GDP, calls for talks on global carbon tax

Kenya's president says climate change is “relentlessly eating away” at Africa’s economic progress and it’s time to have a global conversation about a carbon tax

The Conversation

Wagner, conflict and poverty drive Central African Republic death rate above crisis levels: but where’s the aid?

The Central African Republic (CAR) is one of the poorest countries in the world. Its GDP per capita in 2022 was estimated at US$491 per year.

The Guardian - UK

Markets rally as China steps up support for economy and Country Garden strikes debt deal – as it happened

Rolling coverage of the latest economic and financial news, as stocks rally as Country Garden agrees extension to its onshore debt payments

The Guardian - UK

Chaos in our skies, crumbling concrete in our schools: grim symptoms of a British disease

A long-term lack of investment has left our infrastructure in pieces. Instead we are prey to dire fallout from events that should be within our control

The Independent UK

Britain no longer an economic outlier after ‘extraordinary’ GDP upgrade by ONS

Jeremy Hunt said ‘those determined to talk down the British economy have been proved wrong’

Evening Standard

UK economy bounced back from pandemic much faster than previously thought, revised GDP figures show

The new stats say the UK economy hit its pre-pandemic size by the end of 2021, a stark difference from data that claimed GDP today is still below 2019 levels

Kiplinger

Stock Market Today: Stocks Close Higher After ADP Jobs Data

The main benchmarks notched a fourth straight win after private payrolls rose less than expected and Q2 GDP was lowered.

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