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The Latest Breaking News from GDP

Australians still feeling pain in the hip-pocket but there are positive signs of growth ahead

Australia’s economic growth remains in the slow lane, at only 0.3% for the September quarter, keeping Australia close to recession territory.

The Conversation

Interest rate cut hopes rise and Australian dollar slumps after GDP expands by a weak 0.3%

Per capita GDP continued to decline for seventh consecutive quarter as population grew, ABS data shows

The Guardian - AU

Poland's GDP Set for Growth in 2025 as EU's Fastest Economy

Poland’s GDP is set to expand further in 2025, cementing its position as the European Union’s (EU) fastest-growing economy.

Benzinga

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Trump's Tariff Plan Risks Economic Pain For North America, Goldman Sachs Warns

Goldman Sachs warns that Trump's proposed 25% tariffs on Canada and Mexico could cause economic turmoil, with GDP shrinkage and inflation.

Benzinga

Venezuela's 'Pearl Of The Caribbean' Loses Its Luster

An 80-percent drop in GDP over a decade of increasingly repressive rule by strongman President Nicolas Maduro between 2013 and 2023 pushed more than seven million Venezuelans -- almost a quarter of the population -- to seek a better life elsewhere.

Latin Times

Truong My Lan: Death sentence upheld for Vietnamese property tycoon over massive fraud

Truong My Lan had been convicted in April of embezzlement and bribery over the fraud amounting to 12.5 billion dollars, nearly 3% of Vietnam's 2022 GDP

Evening Standard

Why Trump's tariffs may not end up so bad for the UK after all

While the threatened tariffs may mean the US buys fewer UK goods, it may also mean the US buys more UK services.

Evening Standard

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In a sluggish Europe, Poland stands out and is aiming to become a key player

With its strong economic growth for a western country, added to its desire to play a greater military role within NATO, Poland is poised to become a key player in Europe.

The Conversation

Texas Faces $160B GDP Loss by 2030 if Water Infrastructure Investments Are Not Made, Report Finds

The report also projects a water supply deficit of nearly 6.9 million acre-feet by 2070—enough to serve 20.7 million households annually

Latin Times

Trump’s tariffs in his first term did little to alter the economy. This time things could be very different

The total tariffs collected in the United States was less than 0.3% of the GDP in 2019, during Trump’s first term

The Independent UK

US economy grows at 2.8% pace in third quarter on consumer spending, unchanged from first estimate

The American economy expanded at a healthy 2.8% annual pace from July through September on strong consumer spending and a surge in exports, the government said Wednesday, leaving unchanged its initial estimate of third-quarter growth

The Independent UK

Dollar Weakens as the Euro and Yen Rally

The dollar index (DXY00 ) Wednesday fell by -0.86% and posted a 2-week low. Strength in the euro and the yen on Wednesday undercut the dollar. Also, Wednesday’s mixed US economic news pushed T-note yields lower, weakening the dollar’s interest rate differentials. US Q3 GDP was unrevised at 2.8% (q/q...

Barchart

Kate Forbes says economy 'recovering steadily' as Scottish GDP growth beats UK

KATE Forbes said Scotland's economy is "recovering steadily" as new figures showed GDP grew by 0.3 between August and September ...

The National (Scotland)

Dollar Falls with Bond Yields

The dollar index (DXY00 ) today is down by -0.67%. Strength in the euro and the yen today is weighing on the dollar. Also, today’s mixed US economic news pushed T-note yields lower, weakening the dollar’s interest rate differentials. US Q3 GDP was unrevised at 2.8% (q/q annualized) right on...

Barchart

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The Guardian - UK

Von der Leyen calls for more EU defence spending after narrow election victory

European Commission president says average spending in Europe is 1.9% of GDP, while Russia’s is 9%

Fortune

The real reason Spain’s economy is bucking the trend of European decline

The 2022 Startup Law has provided a more favorable legal and financial framework for creating and scaling emerging companies in Spain.

Barchart

Thanksgiving, GDP and Other Key Things to Watch This Week

This week is a short week with the holiday, but there are still plenty of things to watch on the news front. In addition, there is increasing tension overseas again as the Russia/Ukraine conflict appears to be getting more intense.

International Business Times

Mounting Economic Costs Of India's Killer Smog

Noxious smog smothering the plains of north India is not only choking the lungs of residents and killing millions, but also slowing the country's economic growth.

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The Guardian - UK

A better way to measure the nation’s wellbeing

Letter: Dr Jon Mulberg on why GDP isn’t the best gauge of economic health

Dynamite News

India's GDP growth to pick up in third quarter compared to first half of FY25: ICRA report

The report stated that this optimism is based on improving economic indicators and robust activity levels in various sectors. Read further on Dynamite News:

International Business Times

Trump's Mass Deportation Plan Could Slash US GDP By Up To 6.8%, Report Shows

The president-elect's plan to deport millions of undocumented immigrants could lead to significant labor shortages, cost billions and hurt industries like agriculture and construction.

Latin Times

Trump's Mass Deportation Plan Could Slash U.S. GDP by Up to 6.8%, Report Shows

The president-elect's plan to deport millions of undocumented immigrants could lead to significant labor shortages, cost billions, and hurt industries like agriculture and construction

Fortune

Millennials choosing to be DINKs could push GDP down by as much as 4%

"By the time you get to 2030, you're talking about a birth rate that is wildly different to what was in the assumptions made at the beginning of the decade."

The Guardian - UK

Housework to green energy: the new markers of growth in rival metric to GDP

Sustainability-focused inclusive income formula accounts for non-monetary factors overlooked in GDP, says ONS

The Independent UK

Trump tariff hikes could knock UK GDP, says CEBR

Analysts at the think tank estimate that Mr Trump’s tariff plans could reduce UK gross domestic product (GDP) by 0.9% by the end of his term.

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