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The Latest Breaking News from GDP

Risky premise: On Asian Development Bank forecast, India’s GDP growth

The ADB’s latest growth forecast for India’s GDP is slower than the 7.6% pace that India’s National Statistical Office has estimated for the 12 months that ended on March 31

The Hindu

Economists 'can safely say' recession is over after February GDP rise, but growth still slow

The meagre growth, not helped by torrential rain that hammered the construction sector, marks a slowdown from a 0.3% advance in January

Evening Standard

Keir Starmer and Rishi Sunak duel on defence as Labour vows to back nuclear submarines

Starmer says Trident is ‘bedrock’ as he commits to spending 2.5% of GDP on defence

Evening Standard

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Former Royal Mail chief exec says he ‘was not aware’ group’s lawyers were prosecuting post office operators – as it happened

Adam Crozier tells Horizon IT scandal inquiry that he was unaware lawyers within the group conducted prosecutions

The Guardian - UK

India's GDP to grow 6.1% in 2024: Moody's Analytics

Moody's Analytics projects India's economy to grow 6.1% in 2024, lower than 7.7% in 2023, due to COVID impact.

The Hindu

UK takes another step on path out of recession as GDP rises

February growth of 0.1% comes despite construction and retail being hit by wet start to year

The Guardian - UK

Vietnam sentences real estate tycoon to death in its largest-ever fraud case

Truong My Lan, the 67-year-old chairwoman of the real estate company Van Thinh Phat, was formally charged with fraud amounting to $12.5 billion — nearly 3% of the country's 2022 GDP.

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FTSE 100 at highest close in a year as UK recession enters ‘rearview mirror’ – as it happened

Chancellor cheers 0.1% rise in GDP, but IoD fears economy still fragile

The Guardian - UK

Figures expected to show UK economy grew in February, but only just

A survey of City economists for Refinitiv suggest GDP in February rose by 0.1%, giving the UK its first consecutive months of growth since August to September

Evening Standard

Vietnamese billionaire sentenced to death for multi-billion fraud case

The fraud committed amounted to nearly three per cent of Vietnam’s GDP

Evening Standard

France's state finances deteriorate as it misses target on cutting deficit

France's finance ministry will raise its deficit target for 2024 to the equivalent of between 5 percent and 5.1 of GDP on Wednesday, up from an original target of 4.4 percent due to a rapid deterioration of state finances, reported a leading French financial newspaper.

Radio France Internationale

Post Office Horizon IT cases ‘the greatest scandal I have ever seen’, says former senior judge – as it happened

Sir Anthony Hooper tells inquiry: ‘We’ve had many miscarriages of justice, but nowhere near as many as these’

The Guardian - UK

Households’ debt surged to fresh high by December 2023: report

India's household debt hits 40% of GDP, net financial savings at 5%, raising concerns about financial distress.

The Hindu

Chile's Central Bank Raises 2024 GDP Growth Forecast

Chile's central bank raises GDP growth forecast for 2024, reflecting confidence in economic recovery and future growth.

Top News

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France 24

World Bank, UN estimate Gaza infrastructure damage at $18.5 billion

A new report by the World Bank and the United Nations, based on remote data collection sources, shows that damage to critical infrastructure in Gaza between October and January represents 97 percent of the GDP of the West Bank and Gaza from 2022. In this edition, we see how Israel's…

The Guardian - UK

Taylor Swift among 141 new billionaires in ‘amazing year for rich people’

Combined assets of $14.2tn are more than the GDP of every country except China and the US

Top News

World Bank Lowers Thai GDP Growth Forecast To 2.8%

The World Bank revises Thailand's GDP growth forecast to 2.8% due to global uncertainties and domestic challenges, emphasizing the need for strategic measu...

The Hindu

Economist underlines snail-paced growth of India’s per capita GDP

Maitreesh Ghatak of LSE analyses India's economic growth post-liberalisation, highlighting rising inequality and limited trickle-down effect.

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Top News

US Fourth-Quarter GDP Growth Revised Higher, Strong Labor Market

US economy shows resilience with higher Q4 growth rate and strong labor market performance.

Top News

Canada's GDP Rebounds, Expected To Increase In February

Canada's GDP shows signs of recovery with a projected 0.4% increase in February, indicating economic progress.

Barchart

Stocks See Support from Improved Soft-Landing Prospects

The S&P 500 Index ($SPX ) (SPY ) this morning is up +0.08%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.04%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.08%. Stock indexes this morning are slightly higher. Stocks found support on this morning’s...

Barchart

Stocks Tread Water as Investors Brace for U.S. Economic Data

Stocks are flat this morning as market participants digested remarks from a Federal Reserve official and geared up for a flurry of U.S. economic data.

The Guardian - UK

Why UK recession may be deeper than two quarters of falling GDP suggest

Greater fall per head and latest trade data illustrate longer term decline of economy

Top News

China's Realistic GDP Target Despite Challenges, ADB Reports

The Asian Development Bank assesses China's GDP target as realistic and achievable amidst challenges.

The Hindu

Siddaramaiah failed to manage economy of Karnataka, alleges MLC

Chief Minister Siddaramaiah has failed to manage the economy of Karnataka, BJP MLC Pratap Simha Nayak alleged here on Thursday.

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