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The Latest Breaking News from GDP

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

Evening Standard

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.

Radio France Internationale

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 Hindu

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read the most diverse news in one place.

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.

The Conversation

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…

The Hindu

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.

Fortune

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.

The Hindu

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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.

Al Jazeera

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

The Guardian - UK

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

Evening Standard

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...

Barchart

Stocks Post Modest Gains as Price Pressure Ease in Germany

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.19%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.23%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.05%. Stocks this morning are modestly higher. Stocks are wavering...

Barchart

Stocks Tread Water Before the Open as Investors Await Key U.S. GDP Data, Nike Earnings on Tap

December S&P 500 futures (ESZ23) are up +0.04%, and December Nasdaq 100 E-Mini futures (NQZ23) are down -0.05% this morning as market participants geared up for a flurry of U.S. economic data while also awaiting speeches from Fed officials and an earnings report from footwear and sports apparel giant Nike.

Barchart

Stocks Slip Before the Open as Investors Await Key U.S. GDP Data, Nike Earnings on Tap

December S&P 500 futures (ESZ23) are down -0.18%, and December Nasdaq 100 E-Mini futures (NQZ23) are down -0.29% this morning as market participants geared up for a flurry of U.S. economic data while also awaiting speeches from Fed officials and an earnings report from footwear and sports apparel giant Nike.

Barchart

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The Hindu

India’s external debt rises to $629.1 billion at end-June 2023: RBI

India's external debt rose to $629.1B at end-June 2023, with long-term debt up $9.6B. CAD widened to $9.2B in Q1:2023-24, due to higher trade deficit and lower net services surplus.

The Hindu

National award for Lepakshi will boost tourism in State, says R.K. Roja

AP Govt to focus on 'Tourism & Green Investment' to make state a major tourist destination. Lepakshi village won 'Best Rural Tourism Village of India' award. Oberoi, Mayfair & MRKR Groups to develop 7-star, 5-star & Hyatt hotels. GIS 2023 MoUs worth ₹19,000 cr to create 51,000 jobs. 288 beach…

France 24

New EBRD report shows contrasting fates of former Eastern bloc economies

The European Bank for Reconstruction and Development (EBRD), founded to help build up market economies in the wake of the fall of the Soviet Union, has issued a new growth forecast for the region. It predicts that Ukraine will see its GDP increase by 3 percent in 2024. Speaking to…

Barchart

GDP, Consumer Confidence and Other Can't Miss Items This Week

There are a few notable earnings releases this week as well as some potentially market-moving news. Here are 5 things to watch in the market this week.

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Newsroom.co.nz

Economy bounces back after flooding, but primary industries fall

Business & investing: NZ economists warn better-than-expected GDP data likely to be temporary, and US Federal Reserve held its benchmark interest rate steady for a second time

The Hindu

Ordinary households, small businesses hit due to high unemployment and inflation: Jairam Ramesh

Jairam Ramesh said no matter how much the Modi government hides the data, the reality is that the vast majority of people are suffering.

Fortune

This generation of politicians has killed fiscal responsibility–but millennials and Gen Zers will be the ones who pay the price

During the next presidential term, publicly held debt is projected to exceed its Second World War highs.

The Hindu

India to clock GDP growth of 6.5 pc in FY24 despite high crude oil prices: NITI Aayog member Arvind Virmani

India's GDP growth projected at 6.5% for FY24, despite high crude oil prices & increased uncertainty due to climate change. Gross household savings ratio consistently up, net household savings down due to consumer debt. Inflationary impact of oil prices, but govt has managed food inflation well.

AAP

Recession or not, New Zealand GDP growing again

New Zealand enjoyed a return to solid growth in the June quarter, with Stats NZ reporting an 0.9 increase, well beyond market expectations.

The Conversation

Idea of green growth losing traction among climate policy researchers, survey of nearly 800 academics reveals

When she took to the floor to give her State of the Union speech on 13 September, European Commission president Ursula von der Leyen largely stood by the script. Describing her vision of an economically buoyant and sustainable Europe in the era of climate change, she called on the EU…

AAP

New Zealand set to exit recession with low growth

Market expectation for gross domestic product growth in New Zealand is 0.5 per cent for the second quarter of the year.

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