This week’s featured insight is GDP Nowcast, which is best viewed as an estimate of real GDP growth based on available economic data and forecasts for the current quarter, DBS’ economists Samuel Tse and Daisy Sharma notes.

BENGALURU: The South Korean economy likely returned to growth last quarter after a mild contraction in the prior quarter thanks to an export-led expansion that offset higher borrowing costs squeezing domestic demand, a Reuters poll found. After an unexpected 0.2 per cent contraction in the April-June quart

Karnataka's GSDP growth reaches 10.2% in FY 2023-24, outperforming India's national average of 8.2%. Despite challenges, the state's resilience is showcased through a robust economic strategy, particularly in the IT and hardware sectors.

India's GDP projected to grow 6.8% in Q2 2024-25, despite slackening momentum and inflation concerns, per RBI article.

ICRA predicts intermittent dip in Indian economy's GVA growth in Q2 2024-25, rebound expected in second half.

Karnataka continues to drive India’s economic progress, registering a robust GSDP growth of 10.2 per cent in FY 2023-24

China’s 3Q24 GDP growth was largely in line with consensus expectations at 4.6% y/y, 0.9% q/q sa (Bloomberg’s est: 4.5% y/y, 1.1% q/q; UOB est: 4.7% y/y, 1.1% q/q).

Karnataka’s per capita Gross State Domestic Product (GSDP) remains among the highest in India, on par with Telangana, reflecting the strength of Congress-led governance in both States. The State Government’s pro-people policies, including its guarantees, have ensured that the benefits of growth reach all sections of society, fostering inclusive and equitable development.