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The Latest Breaking News from GDP

Can tourism be reimagined? New Saudi-led platform wants to future-proof global travel

Tourism is expected to contribute nearly €11 trillion – about 10 per cent of GDP – to the global economy this year.

Euronews

OECD growth slows abruptly to 0.1% in the first three months of 2025

The overall GDP growth of the 38 countries of the OECD, providing more than 40% of the global economy, slowed down substantially in the first quarter of 2025.

Euronews

Will EU deal make food cheaper, add $12bn to the UK economy?

PM Keir Starmer has heralded a ‘landmark deal’ seeking to reset ties between the United Kingdom and the European Union.

Al Jazeera

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NZ Budget 2025: science investment must increase as a proportion of GDP for NZ to innovate and compete

A lack of strategy and research funding – by both the current and previous governments – has been well documented, most comprehensively in the first report by the Science System Advisory Group (SSAG), released late last year.

The Conversation

U.S. economy is experiencing 'death by a thousand cuts', says Deutsche Bank

Deutsche Bank's Jim Reid says Moody's recent debt downgrade continues a drip of bad fiscal news for the American economic outlook.

Fortune

Full extent of Trump's tariff slap on economy revealed

The Reserve Bank predicts trade uncertainty will cause Australia's GDP to grow 0.3 percentage points lower in 2025, shaving $8 billion off the economy.

AAP

NZ Budget 2025: anything less than a 5% increase in health funding amounts to merely standing still

Minister of Health Simeon Brown claimed earlier this year that health funding in New Zealand has never been higher and that suggestions of underfunding are “fake news”.

The Conversation

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This new EU deal is great for Britain. Now, Labour, focus on the future, not on Farage

We are finally on a path to repair the colossal damage Brexit has done, says Guardian columnist Polly Toynbee

The Guardian - UK

Japan PM warns financial condition worse than Greece’s

Shigeru Ishiba says fiscal state not good as GDP shrinks

The Independent UK

How has Britain’s economy fared since Brexit? The five charts underpinning the UK-EU summit

Almost a decade after the referendum, there are challenges to be tackled at Monday’s gathering hosted by Keir Starmer

The Guardian - UK

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

‘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

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International Business Times

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.

Euronews

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.

Barchart

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,…

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The Independent UK

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 Guardian - 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

Evening Standard

'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.

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

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