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The Latest Breaking News from GDP

NZ Budget 2025: economic forecasting is notoriously difficult, but global uncertainty is making it harder

This year’s budget will be one of the tightest in a decade, with the New Zealand government halving its operating allowance – the new money it has available to spend – from NZ$2.4 billion to $1.3 billion.

The Conversation

The £25bn-a-year prize at stake in Starmer’s Brexit reset talks with EU

A failure to land a deal for easier trading with the EU could cost the UK economy almost £30bn, new analysis shows

The Independent UK

FTSE 100 Live 16 May: Index progress continues, LandSec and Future fall on results

AstraZeneca and British American Tobacco today provided fresh support for the FTSE 100 index at the end of a positive week for global markets.

Evening Standard

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‘Let’s Have That Industrial Revolution Type of Growth’: Microsoft CEO Satya Nadella Wants 10% GDP Growth From AI

Microsoft’s CEO doesn’t care about AI vanity metrics, he wants to see 10% GDP growth from the increased productivity.

Barchart

NATO On Track To Strike Spending Deal To Please Trump

NATO appears headed for a compromise deal at a summit next month to satisfy US President Donald Trump's demand to spend five percent of GDP on defence, as heavyweights Germany and France got on board Thursday.

International Business Times

'Paradigm Shift': Germany Says To Meet Trump's NATO Spending Target

Germany under new Chancellor Friedrich Merz surprised NATO allies on Thursday by signalling plans to massively boost defence spending to five percent of GDP as demanded by US President Donald Trump.

International Business Times

Eurozone grows 0.3% at the start of the year, industrial output soars

Eurozone GDP grew 0.3% in the first quarter of 2025, with strong gains in Ireland and Spain. Employment rose 0.3%, beating forecasts. March industrial output surged 2.6%, the fastest in five years.

Euronews

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Stocks Slip Before the Open With Focus on U.S. Retail Sales Data and Powell’s Remarks, Walmart Earnings on Tap

June S&P 500 E-Mini futures (ESM25) are down -0.59%, and June Nasdaq 100 E-Mini futures (NQM25) are down -0.77% this morning, pointing to a lower open on Wall Street as a rally sparked by the U.S.-China tariff deal cooled, while investors look ahead to a raft of U.S. economic data,…

Barchart

Why has the UK economy grown and what impact do tariffs have?

Here, the PA news agency looks at why GDP has increased and what’s next for the UK economy.

The Independent UK

GDP rise and a less scary outlook offer Rachel Reeves some rare cheer

After two sickly quarters, upbeat growth data and UK trade deal with US paint brighter picture

The Guardian - UK

'We’ll make you better off,' says Labour as Keir Starmer hails UK 0.7% GDP growth as fastest in G7

The economy in the UK grew faster than in the US, France, Germany, Italy, Japan and Canada

Evening Standard

UK economy grows at fastest quarterly rate in a year in boost for Reeves

Gross domestic product (GDP) increased by 0.7% between January and March, the Office for National Statistics said.

Evening Standard

Economy shoots ahead at faster than expected 0.7% in first quarter

But spurt is likely to prove short lived, as taxes, bills and tariffs all kicked in during April

Evening Standard

FTSE 100 Live 15 May: Oil price slide dents index, GDP growth beats hopes

Weaker oil stocks and a mixed set of corporate results today ensured the FTSE 100 index failed to benefit from the UK's move into the fast lane of economic growth.

Evening Standard

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The Guardian - UK

US recession still possible, Jamie Dimon warns, as UK tops G7 growth table – as it happened

UK economy posts its fastest quarterly growth in a year, outpacing rivals, in growth spurt ahead of trade war disruption

Reason

Republican Reconciliation Package Will Lead to $3 Trillion Annual Deficits

A new analysis from the Committee for a Responsible Federal Budget estimates that the national debt will equal nearly 130 percent of GDP by 2034.

Evening Standard

UK economy expected to have grown in first months of 2025

Official figures are forecast to show a bounce in the first quarter of the year, before April’s tax rises and Donald Trump’s tariff announcement.

International Business Times

NATO Hatches Deal On Higher Spending To Keep Trump Happy

NATO foreign ministers meeting in Antalya from Wednesday will look to forge a compromise deal on ramping up defence spending as allies scramble to satisfy US President Donald Trump's demand to agree to five percent of GDP at a summit next month.

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Euronews

Trump wants to hear how allies plan to boost defence spending, NATO envoy says

Trump insists NATO members should commit to spending at least 5% of GDP on defence, but that would require investment at an unprecedented scale.

Euronews

EBRD cuts regional economic outlook as geopolitical tensions linger

Recent US tariffs and worldwide economic tensions are likely to contribute to subdued economic growth in several key European economies and regions.

Barchart

Berkshire Hathaway’s Cash Pile Hits $347 Billion: Enough to Buy 95% of S&P 500 Companies or the GDP of 100+ Nations

As Buffett’s pile of cash continues to grow, it’s now worth the GDP of over 100 countries, and he can now buy over 95% of the companies in the S&P 500.

The Independent UK

Dutch leader says NATO's chief insists allies should spend at least 3.5% of GDP on defense budgets

Dutch Prime Minister Dick Schoof says NATO’s chief wants the allies to agree to start spending at least 3.5% of GDP on their defense budgets at their summit next month

International Business Times

NATO Chief Seeks Defence Spending At 5% Of GDP By 2032: Dutch PM

NATO chief Mark Rutte wants member countries to agree at a summit in June to reach five percent of GDP on defence-related spending by 2032, Dutch premier Dick Schoof said Friday.

The Independent UK

FACT FOCUS: Trumps claims the US subsidizes Canada. Experts say the numbers don't add up

President Donald Trump falsely claimed during a meeting with newly-elected Canadian Prime Minister Mark Carney that the U.S. provides Canada with subsidies of about $200 billion

The Conversation

Europe is moving to reposition itself in Donald Trump’s new global order

The term that perhaps best describes the international impact of the first 100 days of Donald Trump’s second term is “disruption”. His tariff policy, his abolition of USAID, his questioning of the transatlantic alliance, and his attempted rapprochement with Russia have neither destroyed the liberal international order nor established anything…

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