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The Latest Breaking News from GDP

Scottish Government appoints new Trade Board members

The board is tasked with ensuring the goal of exports making up 25% of GDP is achieved by 2029

Insider UK

UK economy’s stagnation increases chances of recession

Analysis: Fall in GDP in April also increases probability of 0.25-point increase in interest rates this week

The Guardian - UK

UK edges closer to recession as economy unexpectedly shrinks

THE UK has plunged further towards financial crisis after it was revealed the economy contracted for the second month in a row in April.

The National (Scotland)

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UK economy contracts in April as costs crunch sends Covid recovery into reverse

The Office for National Statistics said gross domestic product fell by 0.3% in April, following a fall of 0.1% in March.

The Independent UK

UK economy shrinks by 0.3%, second monthly drop in a row

"Let me be clear – we’re expecting the economy to be pretty much stagnant. It won’t take much to tip us into a recession, and even if we don’t, it will feel like one for too many people."

Wales Online

Pound tumbles as recession fears grow after UK economy shrinks by 0.3% in April

GDP falls faster than experts had forecast as government cuts back on Covid spending and manufacturers are hit by higher prices

The Independent UK

Fears mount over health of UK economy after sharp sell-off in markets

FTSE 100 index closes more than 100 points down as GDP falls amid inflation and soaring energy costs

The Guardian - UK

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UK GDP falls for second month running; stocks and pound slump amid recession fears – as it happened

Pound hits one-month low after UK GDP falls 0.3% in April and European stock markets drop to three-month lows

The Guardian - UK

India’s $5 trillion economy goal achievable by 2026; Chidambaram’s view very wrong: Rajeev Chandrasekhar

Mr. Chidambaram had said that the "goal of a $5 trillion GDP appears to be a case of 'shifting goalposts'"

The Hindu

India is not the fastest growing big economy

A closer look at recent data on GDP shows that the numbers are flawed and recovery is incomplete

The Hindu

Brexit ‘largely to blame’ for £31bn loss to UK economy, study finds

5.2 per cent GDP shortfall ‘mostly’ down to Britain’s exit from EU, according to top think tank

The Independent UK

Fitch upgrades India outlook to stable from negative

Pares 2022-23 growth to 7.8%, expects inflation to average 6.9%

The Hindu

The price of war: OECD warns of slowing growth, high inflation

Russia's invasion of Ukraine is derailing the global economy's recovery from the Covid-19 pandemic. The Organisation for Economic Cooperation and Development (OECD) is the latest to slash its global GDP growth forecast for 2022, from 4.5 percent projected in December to just 3 percent in its latest outlook. Driving that…

France 24

UAE Central Bank Expects Real GDP Growth to Reach 4.2% in 2023

The United Arab Emirates' central bank said on Wednesday it expects real GDP growth to reach 4.2 percent next year, up from its earlier forecast of 3.3 percent. The central bank estimated the non-oil GDP growth to reach 3.9 percent in 2023 compared with previous estimates of 3.3 percent, while…

Asharq Al-Awsat

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Los Angeles Times

Social Security trustees say the U.S. is rich enough to expand, not shrink, benefits

The army of perennial doomsayers about the financial condition of Social Security had to be a little crestfallen after the release of the program trustees' annual report last week.

Bangkok Post

DTAC-True merger poses risk to growth

The merger of True Corporation and Total Access Communication (DTAC) could reduce Thailand’s GDP growth by between 0.05% and 1.99%, depending on the level of collusion by the major operators after the merger takes place, according to a study by the National Broadcasting and Telecommunications Commission (NBTC).

Asharq Al-Awsat

Saudi GDP Grows 9.9% in Q1

Saudi Arabia's gross domestic product grew 9.9% in the first quarter, the fastest in a decade and more than a flash estimate last month of 9.6%, official data showed on Tuesday. It was the fastest expansion since the third quarter of 2011 with the increase in oil production a key…

Asharq Al-Awsat

Jordan Lays Out 10-Year Blueprint to Revive Economy

Jordan unveiled on Monday a major development strategy for the Middle Eastern country up to the next 10 years targeting doubling its growth to help it rejuvenate an economy hit by regional turmoil. The plan was a major plank of reforms pushed by King Abdullah since last year to help…

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ABC News

Katy Gallagher says the government has inherited the worst set of budget books in history. Is that correct?

Finance Minister Katy Gallagher says the incoming Labor government has inherited the worst set of budget books in history. Is that correct? RMIT ABC Fact Check investigates.

The Hindu

Why India needs a Fiscal Council

Fiscal transparency and accountability must be ensured to create room for market confidence in a high public debt regime

The Independent UK

Address £1.5 trillion financing gap to accelerate economic growth, says research

A new report by Lakestar said the Government could triple GDP growth by attracting £75 billion of extra investment each year.

The Hindu

Modinomics and the long distance to the finish line

The Indian economy needs a new economic policy that has clear objectives unlike the incoherent announcements now

Insider UK

Scottish GDP rises by 1% during first quarter

Economic growth driven by increased outputs in the construction and services sectors

Bangkok Post

National Institute of Metrology (Thailand) thrives in digital era as it marks its 24th Anniversary

Thailand’s GDP is expected to grow around to a relatively high 3.2% in 2023. In Southeast Asia, Vietnam, Cambodia, Philippines, Malaysia, and Indonesia are also contributing to the regional strong growth prospects.

The Hindu

Choppy waters: On India’s post-COVID recovery

The economy’s post-COVID recovery is far from complete; spurring consumption is the key

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