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The Latest Breaking News from GDP

Economy stagnates in January ahead of Iran war and fears over UK impact

Experts warned a prolonged Middle East conflict and an ongoing spike in oil prices could send the economy into reverse in 2026.

Evening Standard

Bleak economic data shows UK plc in trouble well before Middle East crisis

Zero GDP growth in January will not help Rachel Reeves claim she has put UK in position to weather oil price storm

The Guardian - UK

FTSE 100 Live 13 March: Economy stalls, markets in red as Brent crude oil tops $100

A flat GDP figure for January today heightened fears over the impact of the Iran war on the UK economy.

Evening Standard

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UK economy unexpectedly flatlined in January, official figures show

January’s GDP figure comes as higher energy prices look likely to drive up inflation, dashing hopes of interest rate cut

The Guardian - UK

Oil price shock likely to ‘push the UK economy into recession’; US growth revised down – as it happened

Surprise lack of growth in January as service sector stagnated, with falls in recruitment activity

The Guardian - UK

Tax the Rich All You Want. It Won't Fix the Deficit.

The problem is not that the government collects too little. It's that the government spends too much.

Reason

Czech 2026 budget passes but defence outlays fall short of NATO pledge

Czech lawmakers approved the 2026 budget, keeping defence at 1.7% of GDP despite NATO and President Petr Pavel’s calls to reach the targets outlined by the US following a push from the Trump administration to aim for 5% of total spending.

Euronews

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America's never had such high national debt heading into an economic shock. We need a 'break glass' plan, think tank warns

The U.S. national debt has reached 100% of GDP—a level not seen since WWII. A leading fiscal watchdog is calling on Congress to build a "Break Glass Plan" before the next crisis hits.

Fortune

CBO highlights the good news in Trump’s lost tariff revenue hiking the deficit by $2 trillion: Lower inflation and unemployment—and higher GDP

In the past year, tariffs were, at least partly, responsible for 166,000 lost blue-collar jobs and $1,700 in annual increased costs for American households.

Fortune

China sets lowest GDP growth target for decades as it braces for economic slowdown

‘High-quality growth’ target of 4.5-5% outlined at Two Sessions as Chinese premier talks of complex situations at home and abroad

The Guardian - AU

Australia’s GDP growth is partly due to government spending. So why isn’t the Coalition complaining?

After such a long period of miserable figures, seeing the economy grow closer to 3% is a relief

The Guardian - AU

Britain’s economic growth to be weakest in a century outside of pandemic and WWII, think tank warns

The UK’s top two economic think tanks – the Resolution Foundation and the Institute for Fiscal Studies – have issued dire warnings over economic growth and borrowing a day after Rachel Reeves delivered her spring statement

The Independent UK

Tax burden heading to ‘uncharted territory’ with risk to growth, OBR warns

Budget responsibility committee member Professor David Miles said there was ‘clearly a risk’ in the historically high tax burden.

Evening Standard

Australian economy picks up speed, but managing inflation and rates is getting harder

Australia’s economy grew at its fastest annual rate in almost three years in the December quarter, rising 2.6%, although this is still modest growth by historical standards.

The Conversation

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The Guardian - UK

Unemployment set to hit 5.3% this year amid ‘worrying’ rise in young jobless

OBR raises forecast from 4.9% and downgrades UK’s growth prospects for 2026 – while also warning of war uncertainty

AAP

Good news is bad news: GDP growth fuels inflation fears

Australia's economy expanded by 2.6 per cent over 2025, above Reserve Bank forecasts, raising fears of an impending interest rate hike.

The Independent UK

Reeves accused of being ‘tone deaf’ on energy prices as Middle East crisis deepens

Growth forecast cut again and unemployment to rise as chancellor warned economy risks big hit from Iran war – but Reeves insists ‘plan is right’

Evening Standard

Unemployment to jump to 5.3% as UK economy faces slower growth, says OBR

UK gross domestic product (GDP) is expected to grow by 1.1% in 2026, as the OBR cut its previous prediction of 1.4% from last November.

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Fortune

Why Ray Dalio, Scott Bessent and others are rallying around a '3% solution' to the national debt

Bipartisan consensus is building in support of lowering the gulf between revenues and outlays to 3% of GDP.

Fortune

Before countries can reap AI’s benefits, they’ll have to figure out how to pay for its deployment

Countries might have to choose between taking on more short-term risk or missing out on future AI-driven growth.

The Guardian - UK

Dissatisfaction with life in UK unchanged since Covid, official data shows

Average life satisfaction still below pre-pandemic peak despite improving economic outlook, reports ONS

Whats Hot

India’s GDP Grows 7.8% in Q3 FY26 Under New Calculation Method

India’s economy maintained its strong growth momentum in the final quarter of 2025, reaffirming its position as the world’s fastest-growing major economy, according to fresh data released on Friday.

Fortune

Trump claims America is ‘winning so much.’ The IMF agrees, adding that Trump’s trade policies are the only thing holding it back from even more

The best time to chip away at the national debt and balance the budget is now, when the economy is strong, says the IMF. Trump’s trade tariffs are making that difficult.

Euronews

Poland beats Spain on income as Tusk claims ‘European elite’ status

Poland's per capita income calculated in purchasing power parity (PPP) has overtaken Spain as it edges closer to UK levels.

Fortune

Come 2030, the U.S. deficit will be worth 5.9% of GDP—more than the outlays for Social Security, and equal to spending on major health programs

Come 2030, the annual deficit will be worth roughly 5.9% of GDP, on par with provisions set aside for health and Social Security programs, and well ahead of calls to reduce deficits to 3% of GDP.

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