I think most peep here on #Fedi already know this, but we can never get tired of saying it:” You probably could do worse than say that the March GDP figures suggest Australia’s economic growth will “push up power prices, prolong the use of polluting coal power stations, increase gas generation, and derail the progress we are making towards our climate goals”.

That quote, however, was not about the GDP but by the Climate Council talking about the boom in datacentres.” (Source: The Guardian)

Read more:
https://www.theguardian.com/business/grogonomics/2026/jun/04/australia-datacentres-destroying-jobs-climate-economy-gdp

#DataCentres #ClimateCrisis #EmmisionTargets #FossilFuel #EnergyProduction #CostOfLiving #GasPowerGeneration #TaxGasSupperProfitsNow #BanDatacentresForGenAI
#EconomyGrowth #AusPol

EBRD Projects Central Asia Economies 2025 Growth at 6.1%

https://fed.brid.gy/r/https://timesca.com/ebrd-projects-central-asia-economies-2025-growth-at-6-1/

Kazakhstan’s Economy Posts Fastest Growth in 14 Years

https://fed.brid.gy/r/https://timesca.com/kazakhstans-economy-posts-fastest-growth-in-14-years/

Accelerating Growth: Uzbekistan’s Automotive Industry Continues to Expand

https://web.brid.gy/r/https://timesca.com/accelerating-growth-uzbekistans-automotive-industry-continues-to-expand/

“The Fed, ECB, Wall Street, the City say, yeah, we’re going to have a soft landing. In US monetary history for the last 60 years, we’ve never had an episode where inflation is above 5 [per cent] — today it’s 7.1 — and unemployment is below 5 [per cent] — and right now it’s 3.7 — that when you raise rates to fight inflation, you get a soft landing. You always get a hard landing.”

- Nouriel Roubini

Financial Times via @inkl
https://www.inkl.com/a/rqplrYsBa

#recessio #EconomyGrowth

மீண்டும் வளர்ச்சி பாதையில் கேரள பொருளாதாரம்...

கொரோனா பெருந்தொற்றால் வீழ்ச்சியடைந்திருந்த கேரள பொருளாதாரம் மீண்டும் வளர்ச்சி அடைந்துள்ளது - தோழர் @[email protected] கேரள முன்னாள் நிதியமைச்சர் #CPIM #Kerala #KeralaLeads #LDFGovt #EconomyGrowth #PinarayiVijayan #GDPGrowth