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The Latest Breaking News from GDP

IMF: Pandemic School Closures Could Inflict Lasting Economic Toll

School closures during the pandemic have set back children's learning in many G20 countries and could have a long-lasting negative impact on GDP in advanced economies, the IMF said Tuesday. Recent assessments of schoolchildren show that widespread virtual learning during the Covid-19 pandemic resulted in lower academic levels in India,…

Asharq Al-Awsat

‘At 2.4 million in 2019, India led world in pollution deaths’

NEW DELHI: Pollution led to over 2.3 million (23 lakh) premature deaths in India in 2019, accounting for over a fourth of the nine million such fatalities worldwide, an update to The Lancet Commission on Pollution and Health published in The Lancet Planetary Health said. Economic losses from modern forms…

The Times of India

Q1 GDP growth tops forecast but Ukraine war hits 2022 outlook

Thailand's economy grew faster than expected in the first quarter supported by a pickup in agriculture and an easing of Covid-19 curbs, but higher inflation remained a drag on a fragile recovery.

Bangkok Post

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Spiraling inflation may boost gold demand as a hedge: Report

MUMBAI: Despite the World Gold Council's projection of a dip in consumer demand for the precious metal this fiscal on the back of rising prices and record imports last fiscal, a foreign brokerage report has suggested that the demand may rise more than generally projected as households may snap up…

The Times of India

Wheat export ban: India's extreme heat wave having ripple effects on world's food supply

NEW DELHI: In a surprise move, the government banned export of wheat, thereby pushing up prices to new record highs.

The Times of India

5 American Stocks To Buy To Bet On An Economic Rebound: From Amazon To Coca-Cola

U.S. GDP dropped 1.4% in the first quarter of 2022, and the SPDR S&P 500 ETF Trust (ARCA: SPY) is down 16.3% year-to-date as investors become increasingly concerned about the possibility of a U.S. recession in 2022.

Benzinga

Panel: Ministry data tampering to slightly affect GDP

A government panel investigating data tampering by the infrastructure ministry has estimated that construction orders were inflated by up to 5.1 trillion yen a year, according to sources.

The Japan News/Yomiuri

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Poll: Economy likely grew modestly in Q1

Thailand's economy likely grew modestly in the first quarter, thanks to robust exports and an easing of Covid-19 restrictions and despite low tourist arrivals and high inflation dampening consumer spending, a poll found.

Bangkok Post

What is a recession? Gordon Brown warns Trump is pushing the world towards recession

‘No more than a narrow window of opportunity remains if we are to prevent an unnecessary global recession,’ warns former prime minister

Evening Standard

'Incompetent' PM and Chancellor blamed as UK heads for recession

BORIS Johnson’s “catalogue of failure” is inflicting poverty on millions of people, the Scottish Greens have warned as the UK was forecast…

The National (Scotland)

Recession fears as UK economic growth slows to weakest seen so far this year

Official figures showed that the UK economy contracted in March as fears mounted that the cost of living crisis would send the country into recession

Manchester Evening News

UK growth slows to weakest for a year as recession fears grow

The Office for National Statistics said GDP rose by 0.8% between January and March, down from growth of 1.3% in the previous three months.

The Independent UK

UK recession fear as cost of living crisis deepens

Weakest growth for a year

Wales Online

Pressure grows for summer mini-budget amid recession fears

Sharp selloff of shares and fall in pound against the dollar follow news of surprise contraction in economy

The Guardian - UK

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Evening Standard

GDP: UK economy shrank 0.1% in March

The figures will increase fears that Britain is heading for another recession as a result of the cost-of-living crisis

The Guardian - UK

UK economy shrank by 0.1% in March as cost of living crisis bites – as it happened

Calls for emergency budget grow as UK economy contracts unexpectedly in March, with consumers cutting back on spending, and car sector struggling

Al Jazeera

Philippines’s GDP growth blasts past forecasts

Southeast Asian country’s gross domestic product expands 8.3 percent in first quarter.

The News Lens

Taiwan’s Lost Growth (Part 1): How Far Has Taiwan’s Economy Fallen Behind Other Countries Due To Stagnant Wages?

When wages don’t grow, household expenditures and ultimately business profits stagnate as well. Here’s how this has played out in Taiwan.

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Bangkok Post

Minimum wage hike in spotlight

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) believes Thailand can manage 2.5-4% GDP growth this year if an increase in the daily minimum wage is appropriate given the higher living costs.

The Hindu

India’s vulnerability in the global economic tumult

There is no alternative to timely policy responses, heeding sound economic advice, and strengthening institutions

Benzinga

Is The British Pound Sterling Chart A Good Recession Indicator?

The Oxford Dictionary defines a recession as a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters. It is also defined as a period of declining economic performance across an entire economy that lasts several…

Benzinga

Despite Recession Fears, This Indicator Says The US Economy Is Booming

The SPDR S&P 500 ETF Trust (NYSE: SPY) has taken a big hit so far in 2022. Negative U.S. GDP growth in the first quarter has investors increasingly spooked that inflation and aggressive Federal Reserve tightening could push the economy into a recession.

The Conversation

Federal budget delivers long-overdue policy changes for Canada’s charities

The COVID-19 pandemic has dealt a catastrophic blow to Canada’s charitable and non-profit sector. Representing almost nine per cent of the country’s GDP and employing over two million people, the sector experienced an overwhelming demand for services with fewer staff and even less volunteers to meet increased demand during the…

The Conversation

Japan's doubling of its defence budget will make the world a more dangerous place – here's why

Japan is proposing to double its defence budget to around £86 billion, or 2% of its GDP. This move – like recent pledges by Germany to massively increase its military spending in the wake of Russia’s invasion of Ukraine – brings the country full circle since it was militarily neutered…

The Conversation

Five things that economists know, but sound wrong to most other people

Economists have shaped the modern world in many ways. Governments make policy choices in response to the data that we produce about things like GDP and inflation. Social media companies use our insights about human behaviour to create features that encourage people to use their platforms. And we’re at the…

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