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The Latest Breaking News from GDP

Opinion: Is the World on the Brink of an Entirely New Era?

If we are in the early throes of a seismic shift, leaders must prepare to operate in a new world where their old assumptions no longer hold

Caixin Global

The RBA keeps slamming on the brakes, but the economy has already very much slowed down

GDP figures show wages and not just profits are starting to generate growth. Still, disposable income is going backwards

The Guardian - AU

Australia’s GDP grew 0.6% in September quarter and 5.9% annually as economy recovered from Covid lockdowns

GDP figures show rapid economic growth across the year as Covid lockdowns were lifted, but quarterly increase came in slightly below expectations

The Guardian - AU

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Economic growth misses expectations as GDP increases 0.6 per cent in September quarter

Australia's economic growth comes in slightly below expectations, with GDP rising by 0.6 per cent in the September quarter and 5.9 per cent through the year.

ABC News

ASX falls as GDP misses expectations, Chinese exports shrink, AUSTRAC sues Skycity — as it happened

A broad-based sell-off on Wall Street overnight has sent Australian stocks lower, while the third quarter GDP data misses expectations.

ABC News

Chinese economic growth may never recover from COVID – here's why

Many countries have had to navigate the balancing act of keeping the economy alive versus protecting citizens from COVID in recent years. In China, patience with its zero-COVID policy – one of the world’s toughest strategies for dealing with the pandemic – are wearing thin among workers and students. Sporadic…

The Conversation

Credit bureau wary of digital loans

The National Credit Bureau (NCB) expects household debt in terms of loan amounts will continue to increase, despite the decline in the household debt-to-GDP ratio.

Bangkok Post

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3 Smart Stocks to Buy Before Your 50th Birthday

November's job growth was better than expected, even after the Federal Reserve’s aggressive action to cool the economy. Moreover, the sound third-quarter GDP growth and analysts predicting a mild recession in 2023 are spurring optimism. Amid this, quality stocks McDonald's (MCD), Cigna (CI), and O'Reilly Automotive (ORLY) might be steady…

StockNews.com

More South Africans are smoking - higher taxes and stronger law enforcement are needed

Tobacco use imposes a significant health and economic burden on countries. Research estimates that the cost of smoking in South Africa amounted to 0.97% of the country’s GDP in 2016. These costs are likely to have increased as a result of the observed rise in smoking prevalence over the past…

The Conversation

Germany to miss military spending target next year, study says

Germany will fail to meet a NATO guideline of spending 2% of gross domestic product on its military next year and again from 2026 onward, according to an analysis quoted in local media on Monday.

Tribune News Service

Rishi Sunak’s government ‘going backwards’ on green growth, CBI chief warns

Business group warns of slump in investment and productivity as UK mired in ‘stagflation’

The Independent UK

DWP money changes in December including £300 cost of living payment and Christmas bonus

The financial changes happening in December

Liverpool Echo

Thailand has stable outlook, BBB+ affirmed

Fitch Ratings has affirmed Thailand's long-term foreign-currency issuer default rating (IDR) at BBB+ with a stable outlook.

Bangkok Post

Nine DWP money changes in December including Christmas bonus and £300 cash

There are several changes and payments some people could see between now and Christmas

Wales Online

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Asharq Al-Awsat

IMF Expects 6.5 Percent GDP Growth for GCC Countries

GDP growth in the Gulf Cooperation Council (GCC) is expected to double this year, reaching 6.5 percent, a report issued by the International Monetary Fund (IMF) revealed. Surging commodity prices have limited the spillovers from the war in Ukraine and the impact from tighter global financial conditions, and have allowed…

The Conversation

Why the G20 should defer debt from emerging economies like Indonesia and India – or risk an even worse global recession

When the pandemic hit the world in 2020, global debts reached US$226 trillion in 2020, the highest since the second world war. Meanwhile, government, household and private-sector debt in 31 emerging economies reached $98.8 trillion as of June this year, or 2.5 times their collective gross domestic product (GDP), according…

Dynamite News

India's Second-Quarter GDP Growth Slips To 6.3 Per Cent

India's economic growth slowed to 6.3 per cent in the July-Sep quarter of 2022-23 compared to 13.5 per cent in the preceeding three months. Read on for details:

Nottingham Post

DWP - 9 money changes in December including Christmas bonus and £300 cost of living cash

Every date you need to know

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Bangkok Post

How are Thais spending so much now?

Third-quarter GDP growth for 2022 (Q3/2022) is 4.5% -- substantially higher than the expected 4%. The main driving factor is robust private consumption -- not tourism income -- which expanded 9% in real terms and 15.7% in nominal terms, compared to the same quarter last year. On the surface, this…

Al Jazeera

India GDP halves in September quarter as COVID distortions fade

Economists warned that growth momentum may ease in the December quarter due to higher interest rates, slowing exports.

Asharq Al-Awsat

Jordan’s Draft 2023 Budget Forecasts Lower Deficit, Steady Economic Growth

Finance Minister Mohamad Al Ississ said on Wednesday that Jordan's draft 2023 budget forecasts 11.4 billion dinars ($16 billion) in state expenditure as the economy's recovery gathers pace. Al Ississ said in a statement the budget deficit was expected to fall to 2.9% of GDP next year from 3.4% this…

Al Jazeera

US revises up last quarter’s economic growth to 2.9 percent

Wednesday’s data shows that last quarter’s GDP uptick was led by solid gains in exports and consumer spending.

Glasgow Live

10 December money changes from DWP Christmas bonus to Pension Credit cut off

There are a number of key dates for your diary in the coming months, with the lead up to the festive season an expensive time. Here are some days to look out for in the coming weeks.

Asharq Al-Awsat

Türkiye’s Economic Growth Slows to 3.9% in Q3 as Foreign Demand Falls

Türkiye’s economy expanded 3.9% in the third quarter from a year ago, according to official data released on Wednesday, though growth slowed from the previous quarter as a global slowdown put a drag on exports, but the tourism sector remained strong. Gross domestic product (GDP) contracted 0.1% from the previous…

Bangkok Post

Thailand heads for third-straight modest rate hike as GDP recovers

The Monetary Policy Committee is set to raise its key rate by a quarter point for a third straight meeting as an accelerating economic growth aided by tourism revival risks stoking prices.

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