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The Latest Breaking News from GDP

US adds 311,000 jobs in February; UK economy returns to growth; regulators take over Silicon Valley Bank – as it happened

UK economy has proved ‘more resilient than many expected’ says chancellor Jeremy Hunt, while problems at Silicon Valley Bank knock FTSE 100 down 2%

The Guardian - UK

Is Australia getting South-East Asia all wrong?

South-East Asia is a powerhouse region and a close neighbour — just don't call it our "backyard".

ABC News

Economic growth doesn't have to mean 'more' – consuming 'better' will also protect the planet

Around 30 years ago, many developed countries started a process of absolute decoupling of their emissions of CO₂ and energy use from economic growth. This means keeping emissions stable, or better yet, shrinking them, while still growing the economy.

The Conversation

From analysis to the latest developments in health,
read the most diverse news in one place.

Japan revises GDP to nearly flat, showing fragile recovery

Japan’s economy grew at an annual pace of 0.1% in October-December, in a downgrade from an earlier 0.6% increase

The Independent UK

Part 1: The country needs to change

Before I start the article, I would like to report that Thailand's economic performance in January 2023 was no better than the last quarter of 2022, when GDP growth was merely 1.4%.

Bangkok Post

Wang Tao: Takeaways From China’s Government Work Report

UBS has upgraded its GDP growth forecast for the country to 5.4% for 2023 and 5.2% for 2024

Caixin Global

Will pension strikes lead to fuel shortages in France?

Workers at petrol refineries across France are among those on strike against the government's proposed pension reforms. If unions continue the walkouts on a rolling basis, motorists are worried they could face petrol shortages. Also in the show: power cuts in South Africa have weighed more than expected on GDP…

France 24

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China's underwhelming 2023 economic growth target

The modest growth goals suggest China's economy may continue to weigh on global GDP.

Axios

Underlying Australia's inflation problem is a historic shift of income from workers to corporate profits

The three years since the onset of the pandemic have witnessed a dramatic redistribution of national income, away from labour compensation and towards business profits.

The Conversation

‘They’d never seen sliced bread’: how a tiny film about Himalayan yak-herders conquered the world

Filmed in a remote Bhutan village, Lunana: A Yak in the Classroom captures a way of life that is rapidly vanishing. Its Oscar-nominated director talks about growing up in a country where prosperity is measured by happiness, not GDP

The Guardian - UK

How the IMF naively parroted Putin’s fake statistics–and botched its economic forecast for Russia

The IMF simply does not have the data it needs to independently calculate Russia’s GDP by any accepted method.

Fortune

State eager to avoid fiscal fiasco

The government set an ambitious goal to achieve a balanced budget in 10 years, even though several obstacles still remain.

Bangkok Post

NPC Preview: Supporting Growth as the Top Priority

We expect the meeting to set the GDP growth target at ‘around 5%’ with supportive macro policies, including a higher headline fiscal deficit, small increase of new special local government bond quota and more property policy easing, the bank’s chief China economist Wang Tao says

Caixin Global

All you need to know about China’s ‘Two Sessions’

The annual meetings of China’s parliament and political advisory body will include a GDP forecast for 2023.

Al Jazeera

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Bangkok Post

Asia-Pacific GDP forecast to grow 3.1% in 2023

The Asia-Pacific region's economy is projected to expand 3.1% this year before dropping to 2.9% growth in 2024 as downside risks continue to pressure recovery, according to an analysis from an Asia-Pacific Economic Cooperation (Apec) research unit.

The Independent UK

Brazil's 4Q22 GDP contraction signals challenge for Lula

Brazil’s economy contracted in the fourth quarter for the first time in over a year, according to data released Thursday by the country’s statistics institute

The Guardian - UK

Russia could run out of money next year, says oligarch Oleg Deripaska

Western sanctions are causing serious pressure, with budget deficit forecast to jump

Insider UK

Scotland’s economy avoids recession with growth of 0.1% in final quarter

GDP in Scotland is still 0.3% below pre-pandemic levels recorded in the final three months of 2019

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The Guardian - AU

Rate rises are hitting home as real incomes fall and the economy slows. What an achievement!

Weak growth anticipates worse to come, given the promise of further RBA hikes and the economy has already begun to fall

The Conversation

Inflation still the 'defining challenge' as Australia's economic activity slows

Australia has recovered better than most from the COVID pandemic. As measured by gross domestic product (GDP), the economy is now 7% larger than it was before the pandemic.

The New Daily

Watch: Economic outlook, Accused killer extradited, Cough medicine recall

Watch: Australia's GDP has risen by 0.5 per cent during the December quarter, falling short of predictions. We cross live to Treasurer Jim Chalmers to

Bangkok Post

Government bid to raise country's digital competitiveness

The Digital Economy and Society (DES) Ministry wants digital-related businesses to contribute 30% of GDP and for Thailand to reach the top 30 of the IMD World Digital Competitiveness Ranking, both by 2027.

Bangkok Post

Farming sector needs urgent restart

One major goal of economic development in the farming sector is to raise the rate of farmers' income per capita, to be equal to or higher than the non-farming sector. For decades, this noble goal has not been achieved.

ABC News

ASX slips as Australia's economy grows at a slower-than-expected pace

The Australian share market falls, after a mixed performance on Wall Street as investors bet on interest rates having to rise by more than they initially expected, while the ABS releases a significant update about Australia's solid —but slowing — economic growth.

ABC News

'Recession risks are rising' but the latest GDP numbers are expected to show 'solid' growth

The latest economic growth figures are expected to show a robust economy. But the outlook for 2023 is far less rosy, warn many analysts.

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