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The Latest Breaking News from GDP

Australia’s economy has turned the corner, and consumer spending was a big help

Australia’s economy expanded at the fastest pace in two years in the December quarter, boosted by an improvement in household spending and stronger exports.

The Conversation

China sets GDP target of 5% for 2025 amid tariff war with Trump

Economists believe that meeting the target will be challenging as Beijing grapples with Donald Trump’s new trade war

The Guardian - UK

Green shoots for economy as Australia snaps dire record

Australia has accelerated out of an economic slump after expanding by 1.3 per cent in 2024, leading to a rise in per capita growth - a proxy for prosperity.

AAP

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EU Proposes 800 Billion Euro Defense Plan Amid US Uncertainty

EU proposes 'REARM Europe' package with 800 billion euros to enhance defense capabilities and reduce reliance on U.S. support.

Top News

Commerce Secretary Lutnick Pushes For 'Transparent' GDP Calculation By Removing Government Spending

Howard Lutnick's remarks came in response to concerns over whether the spending cuts advocated by Elon Musk's Department of Government Efficiency (DOGE) might lead to a recession.

International Business Times

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Can Europe guarantee Ukraine’s security without the US?

European nations work on security guarantees for Ukraine against Russia with, Trump making clear that the US won’t.

Al Jazeera

The Trump administration may exclude government spending from GDP, obscuring the impact of DOGE cuts

Commerce Secretary Howard Lutnick says he could take government spending out of his agency's reports on gross domestic product

The Independent UK

Bus Passes, NHS, and Pensions at Risk – Is Anything Safe from Keir Starmer’s Cuts?

Prime Minister Keir Starmer’s decision to slash foreign aid from 0.5% to 0.3% of GDP has raised eyebrows within his own party.

The Fashion Central

The US economy has suddenly been thrown into reverse as key GDP indicator flashes stunning negative forecast

The Atlanta Fed’s GDP tracker now indicates the economy is headed for a 1.5% contraction in the first quarter, after showing 2.3% growth just days earlier.

Fortune

Fact check: Government plans will see defence spending hit 2.5% of GDP

It is unclear what the Prime Minister is using to claim that the increase would be £13.4 billion per year.

Evening Standard

India's GDP grows 6.2 in Q3 of 2024-2025 fiscal year

In July-September, the economy recorded a growth of 5.6 per cent. Read further on Dynamite News:

Dynamite News

Dollar Rallies on Expectations of US Tariffs on Canada and Mexico

The dollar index (DXY00 ) Thursday rose by +0.77% and posted a 1-week high. The dollar rallied Thursday on signs of strength in the US economy after Q4 GDP was left unrevised. Also, Jan capital goods new orders nondefense ex-aircraft and parts, a proxy for capital spending, rose more than...

Barchart

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Barchart

Dollar Rallies as President Trump Affirms Tariffs on Canada and Mexico

The dollar index (DXY00 ) today is up by +0.68% at a 1-week high. The dollar is climbing today on signs of strength in the US economy after Q4 GDP was left unrevised, and Jan capital goods new orders nondefense ex-aircraft and parts, a proxy for capital spending, rose more...

Al Jazeera

Trump meets Starmer: Is the UK’s increase in defence spending enough?

The British leader says foreign aid will suffer a 40 percent cut to bolster defence spending in light of a ‘new era’.

Barchart

Stocks Climb Before the Open on Nvidia Boost, U.S. GDP Data and Fed Speak in Focus

March S&P 500 E-Mini futures (ESH25) are up +0.70%, and March Nasdaq 100 E-Mini futures (NQH25) are up +0.72% this morning, pointing to a strong open on Wall Street as earnings from AI darling Nvidia reassured investors about the outlook for AI chip demand.

The National (Scotland)

Kate Forbes hails Scottish GDP growth amid 'damaging' impact of UK Budget

KATE Forbes has said she remains "deeply concerned" about the impact of the UK Budget as new figures showed the Scotland's GDP grew by…

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news in one place.

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Evening Standard

Healey suggests defence spending increase ‘something over £6bn’, not £13.4bn

It comes after the PM told the Commons: ‘Let me spell it out, that means spending £13.4 billion more on defence every year from 2027.’

The Guardian - UK

Wednesday briefing: Why Keir Starmer cut foreign aid to pay for defence – and who loses out

In today’s newsletter: The prime minister announced a significant increase in defence spending to 2.5% of GDP, funded entirely by a cut in the aid budget

StockNews.com

Why is Stock Market Outlook So Uncertain?

The S&P 500 (SPY) has quickly pushed back from the highs and once again on the verge of a break below the 100 day moving average. Why is this happening? And what comes next? 40 year investment veteran Steve Reitmeister shares his view and top stocks in the commentary that…

The Independent UK

UK foreign aid: How much is spent and who receives it as Starmer slashes budget

UK foreign aid will be slashed from 0.5 to 0.3 per cent of GDP to fund an increase in defence spending

The Independent UK

Starmer slams accusation he is ‘Farage in disguise’ over defence spending increase

Sir Keir Starmer dismissed an accusation he is "Nigel Farage in disguise" over his plans to slash the foreign aid budget to hike defence spending to 2.5 per cent of GDP to counter “tyrants” like Vladimir Putin.

The Conversation

Trump’s claim that US debt calculation may be fraudulent could put the economy in danger

The US president, Donald Trump, is challenging official figures around the country’s federal debt, suggesting possible fraud in its calculation. The president’s remarks have added a controversial twist to an issue that is both complex and consequential for the United States. And it has implications for the global economy and…

The Independent UK

Watch: Starmer defends cutting foreign aid budget to boost defence spending

Watch as Sir Keir Starmer holds a press conference on Tuesday, 25 February, after announcing he will slash the foreign aid budget to hike defence spending to 2.5 per cent of GDP to counter “tyrants” like Vladimir Putin.

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