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The Latest Breaking News from GDP

With Gaza war, Israel sees steepest drop in GDP since Covid era

Israel's GDP fell by 19.4 percent in the last quarter of 2023, according to preliminary figures published by the country's Central Bureau of Statistics on Monday. It's the biggest contraction the economy has seen since the early days of the Covid pandemic, and can be attributed to the impact of…

France 24

Labour must act to save the environment – here’s my three-point plan

Carbon budgets that add up, proper protection for Britain’s land and sea, and replacing GDP with a wellbeing index. What Guardian columnist George Monbiot wants for Labour’s manifesto

The Guardian - UK

Legal guarantee for MSP will make farmers drivers of GDP growth: Rahul Gandhi

Bharat Jodo Nyay Yatra: Rahul Gandhi advocates for legal MSP guarantee to empower Indian farmers and boost GDP growth, dismissing budget concerns.

The Hindu

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Gaza War Causes 19.4% Israeli Economy Drop in Q4

The Israeli economy experienced a significant 19.4% decline in GDP in Q4 amid the Gaza war, highlighting the impact of conflict on economic performance.

Top News

Slower economic growth means France must cut €10bn in public spending

French Finance Minister Bruno Le Maire has announced €10 billion of spending cuts across all government departments and agencies to make up for a drop in the 2024 GDP growth forecast to 1 percent, from 1.4 percent.

Radio France Internationale

Year of the Dragon: China faces critical moment in push to revive economy

Analysts say Beijing needs to roll out measures to stimulate greater domestic consumption amid slowing growth.

Al Jazeera

Battered by nature’s fury, Economic Survey pegs Himachal Pradesh’s GDP growth at 7.1% for FY-2024

Despite the devastating monsoon, Himachal Pradesh's economy is projected to grow at 7.1% in 2023-24, with increased tourist arrivals and hydroelectric potential.

The Hindu

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OPINION - The UK economy is in recession (and becoming a bit more European)

Four years after the UK exited the European Union and three years after leaving its formal structures (single market and customs union), the British economy is becoming a bit more European.

Evening Standard

The UK is in recession, but the Government continues to stifle London's growth

City Comment: It’s inexplicable that the Government has persisted as long as it has with an anti-growth measure that it knows harms its GDP motor

Evening Standard

Dollar Holds Steady as Yen Slips Despite GDP Surprise

The US dollar remains steady ahead of important data releases, while the yen weakens despite a surprising GDP announcement. Stay informed with the latest f...

Top News

OPINION - The Standard View: Recession means Rishi Sunak will have to wait longer to talk of green shoots of recovery

No pandemic, no lockdown, but no economic growth either. Britain has slipped into recession, official figures confirm, as GDP shrank by a worse than expected 0.3 per cent in the three months from October to December, following a 0.1 per cent decline in the previous quarter.

Evening Standard

UK Officially in Recession as GDP Drops in Fourth Quarter

Learn about the UK's official recession as government data reveals a 0.3% GDP drop in Q4. Brexit, pandemic, and energy crisis contribute to the economic ch...

Top News

UK Economy Entered Technical Recession In Q4 Of 2023

All three major economic sectors contracted in the fourth quarter: Services (-0.2%), production (-1%), and construction (-1.3%). This resulted in an overall GDP growth of only 0.1% for the entire 2023.

International Business Times

UK economy slips into recession, official data shows

GDP shrank by 0.3 percent in the last three months of 2023, after contracting 0.1 percent in the third quarter.

Al Jazeera

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Evening Standard

FTSE 100 Live 15 February: ‘Low growth not a surprise’, says Hunt, as UK falls into recession

The UK economy finished last year in recession after GDP declined by a bigger-than-expected 0.3% in the fourth quarter.

The Guardian - UK

UK tips into recession in blow to Rishi Sunak

GDP fell 0.3% in three months to December after collapse in retail sales in run-up to Christmas

The Guardian - UK

Rishi Sunak’s promise to grow the economy ‘in tatters’ as UK enters technical recession – as it happened

UK economy shrank by 0.3% in October-December, worse than expected, putting country into a technical recession in a blow to the PM

International Business Times

What Is Behind The US Economy's Surprising Strength?

The US has seen GDP growth blow past predictions, hiring numbers surge unexpectedly and consumers still spending even as interest rates climbed -- deftly averting a dreaded recession in 2023.

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Top News

Japan GDP Data: Yen Stays Strong at 150.00/$

Get the latest update on Japan's GDP and the performance of the yen against the dollar, with the exchange rate reaching 150.00 yen per dollar.

The Guardian - UK

Nato chief rebukes Donald Trump and announces record defence spending

Jens Stoltenberg accuses Trump of undermining alliance and says 18 members are expected to invest at least 2% of GDP this year

Reason

Trump Had a Point About NATO Free-Riding Off American Defense

It’s true that the U.S. pays too much of the continent’s defense bills even as it’s going broke.

Roll Call

Fact-checking Trump comments on ‘delinquent’ NATO countries - Roll Call

As he did at a Feb. 10 rally, Trump has long mischaracterized what he calls “delinquent” payments from alliance members to NATO.

The Hindu

The state of the Indian economy today

India’s GDP growth rate declined annually from 2016-17, and fell below 3.5% in the fourth quarter of 2019-20. This four-year continuous decline from a 7% growth rate to 3.5% rate has never been acknowledged by the government.

Top News

European Shares Rise, US Inflation Data and Japan's GDP Awaited

Get the latest update on global market trends. European shares rise, while Asian markets are quiet due to holidays. US inflation data and Japan's GDP growt...

The Guardian - UK

Recession verdict for UK economy will be no laughing matter for Hunt and Sunak

Figures on GDP, wages and inflation this week are set to offer Labour plenty of scope for criticising Tories’ economic competence

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