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The Latest Breaking News from GDP

Justin Fox: Biden's economy has the best growth record since Clinton

We’re more than a year-and-a-half into Joe Biden’s presidency, with full second-quarter economic growth numbers from the U.S. Bureau of Economic Analysis now in hand. Which seems like as good a time as any for another installment in my occasional series comparing growth rates under U.S. presidents — which somewhat…

Tribune News Service

Scotland’s GDP falls by 0.8% in June

Scottish Government estimates showed growth flatlining during the second quarter

Insider UK

A fairer measure of Britain’s wealth

Letter: Peter Danielian disputes a claim that the UK is the sixth-richest country in the world

The Guardian - UK

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Scotland’s GDP to 'grow more slowly' than UK over 50 years

Projected growth of 0.9% per year on average between 2028-29 and 2071-72 compares to 1.4% for the UK as a whole

Insider UK

Scotland on track for slow GDP growth and population decline as part of UK

SCOTLAND is set for slow GDP growth and population decline over the next 50 years under the current constitutional set-up, according to new figures.

The National (Scotland)

As China’s property crisis grows, is the global economy at risk?

China’s house prices are falling as Beijing reins in sector, raising fears for economic growth at home and globally.

Al Jazeera

Egypt Sees Budget Deficit Narrowing to 5.6% of GDP this Year

Egypt expects more progress on reducing its budget deficit this year and a foresees a decline in its debt ratio after currency devaluations caused it to rise last year, Finance Minister Mohamed Maait told a news conference on Monday. The deficit was expected to narrow to 5.6% of gross domestic…

Asharq Al-Awsat

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Floods, other water-related disasters could cost global economy $5.6 trillion by 2050 -report

Worsening droughts, storms and torrential rain in some of the world's largest economies could cause $5.6 trillion in losses to the global economy by 2050, according to a report released on Monday.

Reuters

Mihir Sharma: Forgiving student debts is a bad idea — just ask India

The United States government will find out soon enough what “moral hazard” means. Clearly it does not know already, or President Joe Biden would not have announced earlier this week that his administration would forgive U.S. student debt worth around 1.6% of GDP.

Tribune News Service

Poll finds digital gains

The country's digital transformation push via government policies has resulted in an increase in several digital indicators, including internet access, active users, trust and e-commerce development, according to the Thailand Digital Outlook 2022 survey.

Bangkok Post

Achieving net zero emissions target can boost India’s GDP, says report

By reaching target by 2050, India can boost annual GDP by as much as 7.3% and create nearly 20 million additional jobs by 2032, it says

The Hindu

Net zero can boost India’s GDP, says report

By reaching target by 2050, India can boost annual GDP by as much as 7.3% and create nearly 20 million additional jobs by 2032, it says

The Hindu

S&P 500, Nasdaq Futures Firm Up Ahead Of Fed Jackson Hole Event, Q2 GDP Data; Tesla In Focus Today

Trading in U.S. index futures suggests Wall Street may get off to a positive start on Thursday, building on the momentum from the previous session.

Benzinga

Thai economic contraction beckons

Why does the Thai economy risk facing an economic contraction in the second half of this year? The answer is simple.

Bangkok Post

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Newsroom.co.nz

Embrace more economic growth at our peril

Focusing on GDP presents an enticing distraction from the associated ecological harm. Jack Santa Barbara argues that ignoring it is a recipe for economic and social catastrophe.

The National (Scotland)

Decade of ‘lost economic growth’ in UK has cost Scotland billions, new analysis claims

SCOTLAND's economy lost out on around £18 billion because of a “decade of lost growth” in the UK which has added to the impact of the…

The Independent UK

Moving beyond GDP is key to tackling the economic crises we face

Gross domestic product remains the predominant measure of progress across the world, it might be time to change it, write Paul Allin, Diane Coyle and Tim Jackson

ABC News

Sally McManus says labour's share of GDP is the lowest it's been since 1960. Is that correct?

ACTU secretary Sally McManus says worker's share of wealth is the lowest it's ever been, pointing to the labour's share of income statistics as evidence. RMIT ABC Fact Check investigates.

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Benzinga

Real Estate Market Cycles - Where We're At Today And What's Next

Seasons, stages, phases and cycles. In biology, astronomy, time and many other aspects of life, things repeat. Real estate is no exception. Market analysts have shown that real estate markets pass through recurring cycles.

The Conversation

Cost of living crisis: the UK needs to raise taxes not cut them – here's why

Taxation has turned out to be the main issue dividing the two candidates in the current Conservative Party leadership contest. While Rishi Sunak wants to hold off making tax cuts until after the cost of living crisis has been tackled, Liz Truss wants immediate reductions. She believes cutting taxes will…

The Guardian - UK

Europe on the brink: the states battling to stave off recession

War, drought and Covid have blighted prospects not just in Britain but continent-wide. Which countries are most at risk?

The Guardian - AU

Solomon Islands secures $100m China loan to build Huawei mobile towers in historic step

This will be the first loan from China since the Pacific country switched allegiance from Taiwan in 2019

The National (Scotland)

Scotland 'paying economic price' for staying with declining UK

SCOTLAND is “paying the economic price” for staying in the union according to a new analysis, which says the UK is in long-term decline and…

Axios

China's economic growth is slowing, and the government's not doing much about it

China's economy has been the largest source of growth for global GDP for much of the last two-plus decades.

Asharq Al-Awsat

Saudi Agriculture Sector Grows 7.8%

The Ministry of Environment, Water and Agriculture (MEWA) stated that the Kingdom’s agricultural gross domestic product (GDP) rose 7.8% to SAR72.25 billion ($19.2 billion) in 2021, compared to SAR67.05 billion ($17.8 billion) a year earlier, recording the highest growth rate in five years. In a statement, the ministry indicated that…

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Chaiwut Thanakamanusorn

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