Topic filter : Gross Domestic Product

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....Greece has fallen back into recession for the first time since 2012, official figures from Eurostat show. The country's gross domestic product (GDP) fell by 0. ... [Read full article on BBC ]
Tuesday 16th of May 2017 11:01:53 AM
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....Figures released earlier this month showed that Greece had fallen back into recession for the first time since 2012. The country's gross domestic product (GDP) fell by 0. ... [Read full article on BBC ]
Monday 22nd of May 2017 11:40:41 PM
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....Figures released earlier this week showed that Greece had fallen back into recession for the first time since 2012. The country's gross domestic product (GDP) fell by 0. ... [Read full article on BBC ]
Thursday 18th of May 2017 10:22:53 PM
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Latest Finance News related to Gross Domestic Product

Greece fails to secure fresh bailout funds image
Source : BBC [Read Article] Monday 22nd of May 2017 11:40:41 PM
....Figures released earlier this month showed that Greece had fallen back into recession for the first time since 2012. The country's gross domestic product (GDP) fell by 0. ...
Greece adopts more austerity measures in bailout bid image
Source : BBC [Read Article] Thursday 18th of May 2017 10:22:53 PM
....Figures released earlier this week showed that Greece had fallen back into recession for the first time since 2012. The country's gross domestic product (GDP) fell by 0. ...
Greek economy sinks back into recession image
Source : BBC [Read Article] Tuesday 16th of May 2017 11:01:53 AM
....Greece has fallen back into recession for the first time since 2012, official figures from Eurostat show. The country's gross domestic product (GDP) fell by 0. ...
Falling real pay shows the British economy is still struggling | Larry Elliott image
.... It was then brought to a halt by tax increases, spending cuts and the blow to confidence caused by absurd claims that Britain was in a comparable state to Greece. One yardstick of how the UK is doing is the growth rate, as measured by movements in gross domestic product. ...
Brexit will 'stall' City, says Goldman Sachs chief image
Source : Guardian [Read Article] Friday 5th of May 2017 07:01:26 AM
....Blankfein also said there would need to be an implementation period of at least a “couple of years” after the Brexit deal had been agreed in early 2019 to allow companies to adjust. “We are talking about the long-term stability of huge economies with hundreds of millions of people and livelihoods at stake, and huge gross domestic product,” he said. ...
Greece makes preliminary agreement with creditors image
Source : BBC [Read Article] Tuesday 2nd of May 2017 11:41:08 AM
....Greece has promised to further cut pensions, by 0. 9% on average, and lower the tax threshold to produce savings worth 2% of gross domestic product. ...
US economy turns in weakest quarterly performance in three years image
Source : Guardian [Read Article] Friday 28th of April 2017 12:54:36 PM
.... The result repeats a pattern that has characterized the recovery: lacklustre beginnings to the year. The Commerce Department says the gross domestic product, the total output of goods and services, grew by just 0. ...
A hasty election before Britain sees the hard truth of Brexit image
Source : Guardian [Read Article] Sunday 23rd of April 2017 05:59:05 AM
.... Llewellyn Consulting estimates that leaving the single market and reverting to a free-trade agreement with the EU could reduce our exports by approximately 20%. Given that exports are 20% of our gross domestic product, “the net effect would be to reduce UK GDP by around 4%”. ...
Beijing bans property ads promising high returns and good feng shui image
....The world's second-largest economy is widely expected to show slowing growth as the impact of earlier stimulus measures wear off. The property market contributes to around 20% of China's gross domestic product and there are fears a crash would severely damage the economy. ...
Brexit-proof the UK economy with more R&D, say employers image
Source : Guardian [Read Article] Monday 20th of March 2017 07:01:30 AM
....Having a measurable target will help focus government and business attention on the need to increase spending, the CBI says, citing evidence from other bodies, including the House of Commons science and technology committee, arguing for 3% as a level proven to boost growth and jobs. The Europe 2020 agenda also include a target of 3% of the EU’s gross domestic product (GDP) to be invested in R&D. ...
Reality Check image
Source : BBC [Read Article] Tuesday 7th of March 2017 01:31:56 AM
....It is important to stress that it is not saying taxes on all individuals or households are going up. The measure it is using is the government's total tax receipts (and the OBR's forecasts of those receipts) as a proportion of gross domestic product (GDP), which is the total amount of goods and services produced by the economy. ...
Australia avoids recession as GDP grows 1.1% in December quarter image
Source : Guardian [Read Article] Wednesday 1st of March 2017 12:43:59 AM
....The result reverses the shock negative result in the September quarter and means Australia has avoided a recession, as was widely projected by market economists. Figures released by the Australian Bureau of Statistics on Wednesday show Australia’s gross domestic product (GDP) has now grown 2. ...
Indonesia's four richest men worth as much as poorest 100 million image
Source : Guardian [Read Article] Thursday 23rd of February 2017 02:01:50 AM
....”. Oxfam said that despite rapid growth in gross domestic product (GDP) – which averaged at 5% between 2000-2016 and caused the country to be included in economics Civets list of fast growing emerging nations – “poverty reduction slowed to a near standstill”. ...
Why the Bank of England won’t raise interest rates any time soon image
Source : Guardian [Read Article] Saturday 18th of February 2017 05:00:07 PM
....These finance plans are all priced from the ultra-low interest rates and would become unattractive in a “normal” interest-rate world. Moreover, savings have tumbled as a proportion of gross domestic product – and, worse, savers have been stealing not only from their deposit accounts but also from their pensions. ...
Smoot and Hawley, the ghosts of tariffs past, haunt the White House image
Source : Guardian [Read Article] Sunday 29th of January 2017 12:00:23 PM
....The consequences of a trade war today are far worse than in the 1930s. Exports of goods and services account for about 13% of US gross domestic product (GDP) – the broadest measure of an economy. ...
Final US growth figures under Obama are a triumph – for Trump  | Larry Elliott image
....The economy is growing, but not particularly strongly for a country with a history of bouncing back rapidly from setbacks. In 2016 as a whole, gross domestic product increased by 1. ...
Germany's economy accelerates in 2016 image
Source : BBC [Read Article] Thursday 12th of January 2017 10:50:12 AM
....Germany's economy stepped up its pace of growth in 2016, thanks to higher household and government spending. Estimated figures from its Federal Statistical Office said gross domestic product was 1. ...
Boxing clever image
Source : BBC [Read Article] Monday 9th of January 2017 12:26:28 AM
....Like it or not, globalisation is a fundamental feature of the modern economy. In the early 1960s, world trade in merchandise was less than 20% of world economic output, or gross domestic product (GDP). ...
Business as usual for UK economy – but where will it go in 2017? image
Source : Guardian [Read Article] Friday 23rd of December 2016 11:30:41 AM
.... Inflation is poised to rise sharply early in 2017 and that will lead to a slowdown in consumer spending. Finally, any satisfaction to be gleaned from the economy outperforming the expectations of the IMF, the Treasury et al has to be tempered by the fact that the UK is still running a quarterly balance of payments deficit of 5% of gross domestic product. ...
UK's trade deficit before Brexit vote narrower than first calculated image
Source : Guardian [Read Article] Tuesday 6th of December 2016 11:14:26 PM
....Bank of England governor Mark Carney used the phrase to highlight how Britain, to balance its books, depends on foreign investors to bridge the shortfall in the balance of payments with the rest of the world. After the Office for National Statistics revised down the gap to 6% of gross domestic product (GDP) from 7%, Britain no longer chalked up a record deficit in the final three months of 2015. ...
'A landscape of exhaustion and moral decay' – lessons from the 'lost decade' of the 1860s image
....Mark Carney meant something slightly different when he used the phrase to refer to the years since the collapse of Northern Rock in 2008. The Bank of England governor was pointing more specifically to wage growth – not the stagnation of all activity in the economy as a whole, measured by gross domestic product (GDP). ...
UK third quarter GDP growth confirmed at 0.5% image
Source : BBC [Read Article] Friday 25th of November 2016 10:33:28 AM
....". The figures cover the period from July to the end of September and the ONS said the growth in gross domestic product suggested limited effect so far from the EU referendum at the end of June. ...
Trump to withdraw from Trans-Pacific Partnership on first day in office image
Source : Guardian [Read Article] Tuesday 22nd of November 2016 07:26:22 AM
....“There’s no doubt that there would be a pivot to the Regional Comprehensive Economic Partnership (RCEP) if the TPP doesn’t go forward,” Abe told an upper house committee, according to Kyodo news agency. “The RCEP doesn’t include the United States, leaving China the economy with the largest gross domestic product,” he added. ...
Office for Budget Responsibility to tear up forecasts for UK growth image
Source : Guardian [Read Article] Sunday 20th of November 2016 05:47:38 PM
....The Office for National Statistics is expected to confirm the economy grew by 0. 5% in the third quarter when it publishes its second estimate of gross domestic product on Friday. ...
EU warns eight nations on budget deficit image
Source : BBC [Read Article] Wednesday 16th of November 2016 11:57:40 AM
....Last year, Spain's deficit was 5. 1% of its gross domestic product (GDP), while Portugal's stood at 4. ...
Barack Obama calls for 'meaningful debt relief' for Greece image
Source : Guardian [Read Article] Sunday 13th of November 2016 07:39:08 PM
....Obama, who has blamed the excoriating effects of austerity on Europe’s slowing growth, said while Athens needed to implement reforms, a nominal write-down would help reignite an economy that has lost over 25% of its output since the nation’s financial woes first surfaced seven years ago. At around €330bn (£284bn), or 180% of gross domestic product, Greece’s staggering debt is by far the biggest in the EU. ...
Doing the chores valued at £1tn a year in the UK image
Source : Guardian [Read Article] Thursday 10th of November 2016 08:22:49 PM
....The department said its figures showed that unpaid work had a total value of £1. 01tn in 2014, which was equivalent to approximately 56% of the UK’s gross domestic product (GDP). ...
Samsung HQ raided by prosecutors as South Korean political scandal deepens image
Source : Guardian [Read Article] Tuesday 8th of November 2016 09:09:17 PM
.... However, as polling day approached, Park pulled back on her plans to tackle the chaebols. Samsung Group, the parent company of Samsung Electronics, is the biggest of all the chaebols, accounting for about one-fifth of the country’s gross domestic product. ...
Written off image
Source : BBC [Read Article] Tuesday 1st of November 2016 12:12:24 AM
.... . It is little wonder that 2% of Estonia's GDP [gross domestic product] is saved every year as a result of digital signatures. ...
Ask Andy: What is GDP? image
Source : BBC [Read Article] Wednesday 26th of October 2016 11:06:14 PM
. As the latest set of gross domestic product (GDP) figures come out in the UK, economics reporter Andy Verity explains what it actually means - against the clock. ...
Brics 'grew more than I thought', says Jim O'Neill image
Source : BBC [Read Article] Friday 14th of October 2016 11:48:51 AM
.... The others asked that country to join them at the meetings they began holding in the late 2000s. They contain half the world's population and represent between 20-25% of world gross domestic product. ...
Fear of falling  image
Source : BBC [Read Article] Tuesday 11th of October 2016 12:45:43 PM
.... . There are economists who point out that the UK was running a deficit - a gap between imports and exports - of 7% of gross domestic product. ...
WTO cuts trade forecast by a third image
Source : BBC [Read Article] Tuesday 27th of September 2016 09:19:32 AM
....Trade has grown 1. 5 times faster than gross domestic product over the long term - but the WTO say it will only grow 80% as fast this year. ...
Bonanza for Bosnia image
Source : BBC [Read Article] Thursday 22nd of September 2016 11:07:07 PM
.... . But the enormous size of the project - it equates to 15% of Bosnia's GDP [gross domestic product] - is fuelling some unease. ...
Canada's economy takes largest hit since 2009 image
Source : BBC [Read Article] Wednesday 31st of August 2016 03:48:30 PM
.... . The Canadian government said gross domestic product (GDP) in the second quarter shrank by 1. ...
Sudden slide of world's weakest currency  image
Source : BBC [Read Article] Wednesday 17th of August 2016 05:41:38 AM
....Mongolia's currency is on its longest losing streak on record as the government grapples to contain an economic crisis. Back in 2011, a mining boom helped make it the world's fastest-growing economy with growth in gross domestic product of around 17. ...
EU waives budget deficit fines for Spain and Portugal image
Source : BBC [Read Article] Tuesday 9th of August 2016 11:10:24 AM
....Last year, Spain's deficit was 5. 1% of its gross domestic product (GDP) and Portugal's stood at 4. ...
Japan's cabinet approves stimulus package image
Source : BBC [Read Article] Tuesday 2nd of August 2016 10:13:30 AM
.... . The government expects the measures to boost gross domestic product by 1. ...
UK economic growth sped up ahead of Brexit vote image
Source : BBC [Read Article] Wednesday 27th of July 2016 08:40:02 AM
Coming home? image
Source : BBC [Read Article] Friday 22nd of July 2016 09:08:31 PM
....It helped transform the country from a post-Soviet society to a robust, modern economy, so resilient that it became the only EU state not to plunge into recession following the 2008 financial crisis. This, coupled with the fact that its economic value, or gross domestic product, doubled in just over two decades, had led to Poland being dubbed the "miracle economy". ...
UK borrowing falls to lowest level since 2008 image
Source : BBC [Read Article] Thursday 21st of July 2016 10:31:41 AM
....However the total amount owed continued to rise, reaching £1,621bn. That amounts to 84% of the value generated by the UK economy - otherwise known as gross domestic product (GDP). ...
What is India's GST and why does it matter so much? image
Source : BBC [Read Article] Wednesday 20th of July 2016 08:58:10 PM
.... . Many economists say it will also boost gross domestic product (GDP). ...
Troubled times image
Source : BBC [Read Article] Saturday 9th of July 2016 11:50:45 PM
....One of the roots of the problem is Italy's two decades of dismal economic performance. Measured by total economic activity (gross domestic product, or GDP), the economy remains about 8% smaller than it was at the onset of the international financial crisis. ...
Seven-year malaise image
Source : BBC [Read Article] Wednesday 6th of July 2016 11:16:19 PM
....The general rule of thumb is that you shouldn't spend more than 30% of your income but with rents rising faster than wages that's impossible for many. Or what about the gross domestic product (GDP), which takes into account everything we spend our money on? The US's GDP grew just 1. ...
Ireland among countries most vulnerable to EU referendum shock image
Source : Guardian [Read Article] Tuesday 28th of June 2016 05:26:13 PM
....Fitch warned the result of the referendum would weigh on the economies of other EU countries, mainly because of lower exports to the UK, and increase political risk in Europe. It said Malta, Belgium, the Netherlands, Cyprus and Luxembourg, as well as Ireland, had the most to lose because exports of goods and services to the UK amounted to at least 8% of gross domestic product in those countries. ...
US economic growth for first quarter revised higher image
Source : BBC [Read Article] Tuesday 28th of June 2016 01:28:12 PM
....The US economy grew faster than previously estimated in the first quarter of the year, according to official figures. The Commerce Department said gross domestic product (GDP) grew at an annual pace of 1. ...
London’s standing in global finance at risk as City faces loss of ‘EU passport’ image
....The move appears to confirm fears that a vote to leave would damage London’s standing in the global financial industry. The capital generates 22% of the UK’s gross domestic product, much of this from financial services, despite accounting for only 12. ...
UK should stop 'sitting back' in EU, says Jeroen Dijsselbloem image
Source : Guardian [Read Article] Thursday 2nd of June 2016 09:00:19 PM
....Dijsselbloem, a fiscal hawk, who has led the Eurogroup since 2013, sharply criticised the European commission for not championing the EU’s fiscal rules. EU law requires countries to keep budget deficits below 3% of gross domestic product or face fines or the loss of European funds. ...
City News: Halfords, Lloyds Bank image
Source : Daily Express [Read Article] Tuesday 31st of May 2016 08:27:00 AM
....". Data from the Office for National Statistics last week confirmed that gross domestic product growth for the first quarter of the year came in at 0. ...
Miracle in Athens as Greek tourism numbers keep growing image
Source : Guardian [Read Article] Saturday 28th of May 2016 03:00:07 PM
....5 million holidaymakers visited Greece in 2015 – generating €14. 2bn in direct receipts, or 24% of gross domestic product. ...
Fed chief Janet Yellen says interest rates will rise 'in coming months' image
.... She pointed out that the economy is continuing to improve despite the weak growth reported in the first quarter. On Friday morning, hours before Yellen’s Q&A session, the US commerce department revised up its gross domestic product figured for the first quarter. ...
Interest rates could rise as soon as June, Federal Reserve suggests image
Source : Guardian [Read Article] Wednesday 18th of May 2016 07:02:18 PM
....Williams pointed out that more data would be released before the June meeting. Among the data to be released before the next meeting are revisions of the first-quarter gross domestic product (GDP) data – the broadest measure of economic health – and May’s jobs report. ...
Japan dodges recession with 0.4% growth in first quarter image
Source : Guardian [Read Article] Wednesday 18th of May 2016 03:32:45 AM
.... But the reading underscored how the drive for a firm recovery in the world’s number three economy is not gaining traction. The improvement in the country’s gross domestic product between January and March at a quarterly rate of 0. ...
Rise of the billionaire robots: how algorithms have redefined hedge funds image
.... And boy, can they eat. According to a just-published annual survey by Institutional Investor’s Alpha magazine, the 25 best-paid hedge fund honchos pocketed $13bn in 2015, a sum that exceeds the gross domestic products of many nations. ...
Scottish economy grows far more slowly than UK as a whole image
Source : Guardian [Read Article] Wednesday 4th of May 2016 05:56:15 PM
....The Scottish economy is growing at a far slower rate than the UK as a whole, with the North Sea oil slump leading to a fall in GDP last year, the latest data shows. Scotland’s gross domestic product declined by 1% in cash terms last year and has only grown by 4% since the recession, an analysis by the economist John McLaren has found. ...
CBI hails private sector as output is set to boom image
Source : Daily Express [Read Article] Monday 2nd of May 2016 12:04:00 AM
....Firms also remained optimistic over the coming quarter, with a balance of plus 15 per cent of firms expecting expansion to continue, down from plus 19 per cent a month ago, but above the long-term average of plus 10 per cent. A few days ago the Office for National Statistics said gross domestic product grew by just 0. ...
Europe's liberal illusions shatter as Greek tragedy plays on image
Source : Guardian [Read Article] Sunday 1st of May 2016 10:46:01 AM
....This is almost inevitable, given that the target is for the country to run a primary budget surplus of 3. 5% of gross domestic product by 2018 and in every year thereafter. ...
Europe's liberal illusions shatter as Greek tragedy plays on image
Source : Guardian [Read Article] Sunday 1st of May 2016 10:46:01 AM
....This is almost inevitable, given that the target is for the country to run a primary budget surplus of 3. 5% of gross domestic product by 2018 and in every year thereafter. ...
Devaluation is a dangerous game. But Britain may have to try it image
Source : Guardian [Read Article] Sunday 1st of May 2016 08:00:49 AM
....” Firms might postpone investment projects and households defer spending. Well, to judge from recent figures for gross domestic product in general and retail sales in particular, the economy may already be affected by concerns about the outcome of the referendum. ...
US economy grows at slowest pace in two years as Obama defends legacy image
Source : Guardian [Read Article] Thursday 28th of April 2016 03:47:39 PM
....The US economy grew at the weakest pace in two years at the start of 2016 as consumer spending slowed, business investment plunged and exports declined further, the US Department of Commerce announced on Thursday. The US gross domestic product grew by just 0. ...
Venezuela tops list of countries most vulnerable to low oil prices image
Source : Guardian [Read Article] Wednesday 27th of April 2016 11:44:45 AM
.... The study looked at their economic dependence on commodities, and their resilience. This was measured by a range of indicators including their level of public debt as a share of gross domestic product, the size of the budget deficit, the current account deficit, GDP per head of population, and foreign exchange reserves. ...
Decline in iPhone sales leads to first revenue decline in 13 years for Apple image
....In the meantime it is still piling up cash. It now has a cash mountain of $233bn, more than all the foreign currency reserves across the world and more than the Czech Republic, Peru and New Zealand make in gross domestic product (GDP) a year. ...
Barely more than half of adults pay income tax, says report image
Source : Guardian [Read Article] Tuesday 26th of April 2016 05:48:27 PM
....In an analysis of the changing shape of the tax system, the thinktank said tax receipts as a proportion of national income fell during the recent recession at their fastest rate since modern records began in the 1950s, but were now recovering. It added that tax receipts would be back to their pre-recession level of around 37% of gross domestic product by the end of the decade, but there had been significant shifts in the sources of the revenue. ...
A real profits recession may be on its way – but there's no need to panic image
....1%. To have an economic recession, the rule of thumb is that we need to have three successive quarters during which gross domestic product, or GDP, falls – not just that it’s growing at a slower rate, but that it actually is contracting. ...
The UK cannot run Sweden’s welfare state with ​US tax levels image
Source : Guardian [Read Article] Tuesday 29th of March 2016 01:07:54 PM
....Local authority schools will need additional funding so that the move to mandatory academy status goes smoothly. Defence is scraping along the 2% of gross domestic product floor, so a Conservative chancellor cannot cut it. ...
Is 'Womenomics' a failure in Japan? image
Source : BBC [Read Article] Monday 28th of March 2016 11:16:35 PM
....Kathy Matsui of Goldman Sachs who first wrote about womenomics in 1999 believes closing Japan's gender employment gap would add an estimated 7. 1 million employees to the workforce and lift gross domestic product by as much as 13%. ...
Australia stocks fall on election move image
Source : BBC [Read Article] Monday 21st of March 2016 12:55:57 AM
....Over the weekend China's central bank governor warned over the weekend that the country's corporate debt levels were too high and that more reforms in its capital markets were needed. People's Bank of China (PBOC) governor Zhou Xiaochuan said in a speech at the China Development Forum conference that lending as a ratio to gross domestic product "is too high". ...
Osborne stakes his reputation on a 2020 surplus image
Source : BBC [Read Article] Wednesday 16th of March 2016 04:02:04 PM
....Today, the rule on reducing debt has also been broken. With the UK economy slowing, public sector net debt as a proportion of gross domestic product will rise this year, the Office for Budget Responsibility says. ...

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