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The Latest Breaking News from GDP

UK to suffer highest inflation in G7 this year, says OECD

International body warns British rate will be higher than that in US, despite effects of Trump tariffs

The Guardian - UK

Trump's $17 Trillion New Investments Claim 'Clearly' Not True, Says Peter Schiff: GDP Growth Would 'Explode by Roughly 50%' If Factual

Economist Peter Schiff is calling out President Donald Trump’s claims regarding $17 trillion in new investments flowing into the U.S. economy.

Benzinga

How Did Poland Get So Far Ahead of Hungary?

Fewer than 35 years after escaping the yoke of Soviet-style central planning, Poland has become a legitimate global powerhouse.

Reason

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read the most diverse news in one place.

OPINION - This Trump visit is a masterclass in how to do pageantry and how not to do business

I’ve been in the same room as President Trump on a number of occasions but I first had a proper meeting with him at the Republican convention in Milwaukee before his reelection. Days earlier, a gunman had tried to take his life. Upon entering his hotel suite, the first thing…

Evening Standard

NZ economy shrinks, fuelling bets of steeper rate cuts

A sharper-than-expected contraction in the New Zealand economy has fuelled expectations of a higher interest rate cut in October.

AAP

Cracker Barrel, D-Wave Quantum, IonQ, Krispy Kreme And Broadcom: Why These 5 Stocks Are On Investors' Radars Today

On Wednesday, U.S. stocks closed mixed as the Dow Jones Industrial Average advanced 0.6% to 46,018.32. The SP 500 slipped 0.1% to 6,600.35, while the Nasdaq fell 0.3% to 22,261.33.The Federal Reserve cut its benchmark rate by 25 basis points to 4.00%-4.25%, ending a nine-month pause and marking the fourth…

Benzinga

Labor’s Measuring What Matters is a worthy goal – but one that has utterly failed to live up to its promise

The wellbeing framework has become little more than a data dump – but at least it highlights how little stock we should put in productivity figures

The Guardian - AU

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AI has added $160 billion to 'true GDP' since 2022, Goldman Sachs says. There's just one problem: That's not official

AI is either adding 0.1% or 0.3% to GDP. The difference matters.

Fortune

Five takeaways for tech from Draghi's speech

Key takeaways included: telecoms reform (DNA), calls for deeper GDPR reform, a pause on AI Act high-risk rules, "Buy European" procurement, and faster merger reform.

Euronews

Nvidia's Market Capitalization Surpasses Canada's GDP, As McKinsey Projects $1.7 Trillion AI Data Center Spend By 2030

Nvidia Corp.’s (NASDAQ:NVDA) market capitalization has reached a staggering $4.32 trillion, surpassing the gross domestic product (GDP) of Canada's entire economy, as new forecasts point to explosive global demand for AI-driven data centers.

Benzinga

Healthy, safe and getting along with each other: Australia attempts to look beyond GDP to measure what matters

The Measuring What Matters wellbeing report shows increased concern over security and access to healthcare and a stalling in Australia’s emissions reduction

The Guardian - AU

Even professional economists can’t escape political bias

Republican-leaning economists tend to predict stronger economic growth when a Republican is president than Democrats do – and because of this partisan optimism, their forecasts end up being less accurate.

The Conversation

I Asked ChatGPT How the Trump Tariffs Will Affect the Economy: Here’s What It Said

ChatGPT reveals how Trump’s tariffs could impact GDP, inflation and the job market. Here’s what it could mean for your wallet and the broader economy.

GOBankingRates

Russia's central bank reveals GDP is shrinking, in a sign Putin's war economy has slipped into recession

A chart in a central bank report showed GDP shrank on a sequential basis in the first and second quarters, meeting the definition of a technical recession.

Fortune

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Benzinga

Trump's Immigration Policies Could 'Shrink' GDP Growth As US Population Projected To Decline, Warns CBO

The U.S. population growth is expected to decline at a faster rate than previously projected due to President Donald Trump’s immigration policies, according to the Congressional Budget Office.

The Independent UK

Unemployment, inflation and GDP growth will be worse this year than projected, budget office says

The Congressional Budget Office has released new economic projections, indicating that unemployment, inflation and overall growth will worsen in 2025 before improving over the next year

The Guardian - UK

Stagnant GDP shows scale of challenge for Rachel Reeves at autumn budget

Chancellor calls economy ‘stuck, not broken’ but there are signs her policies have added to the UK’s economic headwinds

The Guardian - UK

UK economy flatlines in July in grim news for Rachel Reeves

Official GDP figures confirm widely expected slowdown after strong expansion in first half of the year

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news in one place.

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The Guardian - UK

Pound dips after UK economy doesn’t grow in July; Ocado shares slide 20% amid robotic warehouses demand fears – as it happened

Economy “does feel stuck”, says Treasury spokesperson, after UK GDP is unchanged in July

Fortune

Congressional Budget Office says Trump's immigration crackdown will shrink U.S. population faster than expected, a threat to inflation and GDP growth

Economists have warned the president’s immigration policies could drive a labor shortage threatening to shrink U.S. GDP growth and amplify inflation.

Evening Standard

Unleashed City can lead the UK's escape from low growth despair

Gilt yields are higher than they were under Liz Truss’s regime.

Reason

Here's What Would Happen If We Seized All the Wealth From America's 800 Billionaires

Don't comfort yourself with wishful thinking that millionaires and billionaires could take the entire burden of the deficit off our hands.

Euronews

Japan confirms Q2 GDP to be 2.2% despite US tariffs, hours after PM resigns

Japan’s economy expanded at a stronger rate in the fiscal first quarter than previously estimated. The data was published hours after Prime Minister Shigeru Ishiba announced his long-awaited resignation following his party's defeat in the summer elections.

Euronews

Trump makes imprecise claims about NATO allies’ defence spending in Nawrocki meeting

In his meeting with the recently-inaugurated Polish president, Trump claimed Poland had been among just two countries hitting NATO’s 2% spending target.

The Conversation

Rapid climate action will come at a cost, according to the Business Council. But experts say the benefits are far larger

This month, the Australian government will release its emissions-reduction target for 2035, likely to be between 65% and 75%. A 70% cut would mean reducing Australia’s emissions from about 440 million tonnes of carbon dioxide equivalent down to 132 million tonnes.

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