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The Latest Breaking News from GDP

Saudi Arabia registered an 8.7% economic growth in 2022, the General Authority for Statistics (GASTAT) said on Tuesday. The real GDP of the Kingdom during the fourth quarter of 2022 grew by 5.4 percent, compared to the same period in 2021. “This increase in GDP was a result of the…

Asharq Al-Awsat

UK to be worst-performing major economy in 2023 (including Russia), says IMF

Friends say I’m obsessed with the US economy. And they’d be right. First, there’s its sheer size: 24 per cent of global GDP on 4 per cent of the population. Second, its relentlessness: prior to the Covid-19 pandemic, America was enjoying its longest-ever economic expansion. Third, the wealth it generates…

Evening Standard

Economic Survey: Capital Expenditure In India Rises 63 Per Cent In 2022-23

Capital expenditure spending in India increased by 63.4 per cent in the first eight months of 2022-23 according to the Economic Survey document for 2022-23, which was tabled in Parliament on Tuesday. Read full story on Dynamite News:

Dynamite News

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IMF says global growth 'surprisingly resilient' in updated forecast

The International Monetary Fund's new projections for 2023 show GDP for the world economy growing by 3.2 percent, compared to a 1.9 percent expansion last year. The improved forecast is aided by China's scrapping of its zero-Covid policy and the fall in gas prices. Also on the programme, we report…

France 24

Dubai International Financial Center Announces Metaverse Platform

The Dubai International Financial Centre (DIFC) launched the DIFC Metaverse Platform in line with the Dubai Higher Committee for Future Technology and Digital Economy's aim to attract technology innovators worldwide. The DIFC Metaverse Platform is aligned with the Dubai Metaverse Strategy, which aims to add $4 billion to Dubai's gross…

Asharq Al-Awsat

Britain to be worst-performing major economy this year, warns IMF; UK mortgage approvals tumble and company insolvencies surge – as it happened

Britain is the only G7 economy forecast to shrink in 2023, the IMF says, as higher energy prices, rising mortgage costs and increased taxes hit growth.

The Guardian - UK

Higher obesity levels linked to lower productivity in England, research shows

Report by former government adviser says plan needed to tackle obesity, thought to cost UK economy £27bn a year

The Guardian - UK

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IMF warns UK economy is set for sharp contraction in ‘weakest performance among G7’

IMF predicts UK economy will contract by 0.6% in 2023 as Britain looks set to suffer more than most from soaring inflation

The Independent UK

UK tipped to be weakest major economy in world as cost-of-living crisis hits households hard

The IMF has predicted UK output to shrink by 0.6% this year

Wales Online

UK economy to shrink more than Russia, predicts IMF

The forecast leaves the UK economy languishing behind sanctions-hit Russia

The Independent UK

UK economy to go BACKWARDS in 2023 with worst performance of all major nations

The UK is set to see its economy contract 0.6% this year according to the International Monetary Fund which will be the worst performance of all the advanced nations

Daily Mirror

4 Stocks to Buy for Under $8 in 2023

The better-than-expected 2022 fourth-quarter GDP report and the rise in consumers’ sentiment are fueling optimism in the stock market. Moreover, the signs of cooling inflation might prompt the Fed to go ahead with a slower pace of rate hikes. Hence, fundamentally strong stocks Nokia (NOK), China Automotive (CAAS), Assertio (ASRT),…

StockNews.com

Eight money changes coming in February including Universal Credit and passport shake-up

There are plenty of money changes coming up in February that could impact your wallet - from inflation and interest rate announcements to changes to Universal Credit

Daily Mirror

4 Biotech Stocks to Keep an Eye on in 2023

The U.S. 2022 fourth-quarter GDP growth surpassed estimates and induced fresh optimism. On the other hand, the biotech industry is expected to witness robust demand despite macro uncertainties. So, given the stable prospects of the biotech sector, quality stocks Amgen (AMGN), BioNTech (BNTX), Exelixis (EXEL), and Taisho Pharmaceutical (TAIPY) could…

StockNews.com

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Tribune News Service

Is China's shrinking population an economic cause for alarm in the US?

Data released recently by the Chinese government shows its population has begun to shrink and that has some economists worried about the global economy.

Crikey

Alexander the Great and Japan have much to teach China

The rise of China seems undeniable, but history shows that there’s a limit to growth for growth’s sake — and it may be coming soon.

Al Jazeera

What is the US debt ceiling & why can’t Congress delay decision?

A default by the US government could have catastrophic effects on both domestic and global economies.

Fortune

‘Shockingly’ resilient consumers kept Americans out of a recession last year, but now they’re just about spent

Experts weigh in on the latest GDP report. Was the fourth quarter the economy’s final hurrah?

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Tribune News Service

US GDP expands at healthy 2.9% pace while slowdown signs mount

The U.S. economy expanded at a healthy pace in the fourth quarter, though signs of slowing underlying demand mounted as the steepest interest-rate hikes in decades threaten growth this year.

The Street

Stock Market Live: Stocks End Higher on Solid GDP, Jobless Data; Tesla Soars On Bullish Musk Comments

The U.S. economy continues to cook, despite late December weakness, adding to Wall Street puzzling growth challenge amid a muted fourth quarter earnings season.

Investors Business Daily

Dow Jones Reverses Lower After GDP, Jobless Claims; Tesla Surges On Earnings, Musk Comments

The Dow Jones reversed lower after GDP and first-time jobless claims. Tesla stock surged on earnings and CEO Elon Musk's upbeat comments.

Axios

U.S. economy expands at 2.9% annual rate in fourth quarter

Over the calendar year, GDP grew by 2.1% in 2022.

AFP

Markets mostly rise before key US GDP data

London (AFP) - European stock markets chased Asia higher Thursday before key US data that could shed light on the Federal Reserve's outlook for interest rates.

The Street

Stocks Mixed Ahead Of GDP Data, Tesla, IBM, Intel, Chevron In Focus - Five Things To Know

Stocks futures mixed ahead of GDP, jobs data; Tesla soars as bullish musk pushes case for big 2023 delivery gains; IBM slides after muted Q4 earnings, planned job cuts; Intel earnings on deck as chip sector looks for investment rebound and Chevron unveils massive $75 share buyback, dividend boost.

Evening Standard

FTSE 100 Live: Royal Mail reveals £200m strike hit, Jet2 lifts guidance

Royal Mail’s owner today revealed that 18 days of industrial action had cost it around £200 million.

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