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The Latest Breaking News from GDP

UK borrowing surges past official forecasts ahead of Budget

The ONS said public sector net borrowing in the first half of the financial year stood at £79.6 billion, £6.7 billion higher than forecast by the OBR.

Evening Standard

China stocks move up on GDP growth surprise as US stocks flirt with record highs

US markets continue to flirt with record highs.

Fortune

Global Public Debt To Surpass $100 Trillion in 2024: IMF

Amid spending pressures and slow development, the International Monetary Fund warns of a growing global debt crisis, projecting $100 trillion in debt by 2024 and 93% of GDP by 2030.

International Business Times

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How to make sure the budget secures the investment Britain needs

Prime Minister Keir Starmer has promised to “rip out the bureaucracy that blocks investment” in the UK. He was speaking at his government’s first international investment summit, an attempt to encourage the finance and business worlds to put more money into the country.

The Conversation

Europe’s population crisis could shave 4% off its GDP by 2040: Morgan Stanley

Europe is unlikely to find a solution to an aging population hammering the region’s economy.

Fortune

Fitch agency maintains France's 'AA-' credit rating but downgrades outlook

Fitch Ratings revised France's long-term outlook to "negative" on Friday while keeping its rating at AA-. The company cited increased fiscal policy risks, with government debt moving toward 118.5 percent of GDP by 2028.

France 24

French public debt reaches record high: Is France the sick man of Europe?

France's debt has reached a record €3.228 trillion, amounting to 112 percent of GDP. That is well above the cap set by EU rules. Of course, France isn't the only member state to have racked up debt during the Covid pandemic and the energy crisis. Several countries have been reprimanded…

France 24

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‘Sigh of relief’ for Labour as UK economy returns to growth; BlackRock hits $11.5tn of assets – as it happened

UK GDP rose by 0.2% in August, reports Office for National Statistics, with accountancy, retail and many manufacturers having strong months

The Guardian - UK

French PM to present 2025 budget to cabinet with financial markets in mind

France's Prime Minister Michel Barnier will hold a cabinet meeting this Thursday where he'll unveil his budget plan for 2025. His bid to reduce the deficit from 6.1 percent of GDP will be looked at closely on international bond markets and by the country's disparate political forces. Also in this…

France 24

Hurricane Milton's Potential Impact On US Economy

Hurricane Milton's projected impact on the US economy includes job losses, reduced GDP, and disruptions in various sectors.

Top News

Why Is the Fed Slashing Rates in a Strong Economy? Why Investors Are Worried And a 'Goldilocks' Jobs Report Is the Key

In September 2024, the Federal Reserve made a surprising move by slashing interest rates by 50 basis points—a bigger cut than most economists had predicted. While rate cuts are usually a sign of an economic slowdown, U.S. GDP remains relatively strong, leaving many market watchers puzzled. So, why the rate...

Barchart

Latinas Are Powering U.S. Economic Growth, Outpacing Non-Hispanic Growth

Latinas' economic output surpasses the entire economy of Florida and places Latina economic output behind only California, Texas, and New York.

Latin Times

Budget squeeze: Digging France out of its fiscal hole

The French government plans to subject the budget to a €60 billion belt-tightening drive next year in the hope of bringing the deficit down to 5 percent of GDP from an estimated more than 6 percent this year. Two-thirds of that sum are to come from spending cuts, and the…

France 24

Israel-Hamas War Causes 86-percent Dive In Gaza GDP: IMF

A year of conflict between Israel and Hamas has resulted in a "devastating impact on the economy" in the occupied West Bank and Gaza, the IMF said Thursday, including a nearly 90 percent drop in Gaza's GDP. "Preliminary official estimates indicate an 86 percent decline in GDP in the first…

International Business Times

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The Conversation

Food scarcity in Liberia: how women who run households cope

Liberia, with a population of just over 5.6 million people, is one of the world’s ten poorest countries, with a GDP per capita of US$662.50. The lingering effects of two civil wars (1989-2003), Ebola outbreaks (2014-2015) and the COVID-19 pandemic (2020) have left Liberia short of achieving widespread development goals.…

The Independent UK

Trump says Taiwan should spend more on defence – while it waits for $20bn of US weapons

European lawmakers call out Trump’s ‘unnecessary bluster and unrealistic demands’ from Taiwan in the face of Chinese aggression

Radio France Internationale

French PM vows more taxes and spending cuts to reduce 'colossal' debt

Prime Minister Michel Barnier pledged new taxes and public spending cuts to reduce a "colossal" debt, in a policy address to the French parliament. France's debt reached more than 110 percent of GDP in the second quarter of 2024.

Reason

Waiving the Filibuster to Pass a National Abortion Bill Is a Bad Idea

Democrats will live to regret doing this if they have the votes to do it.

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The Independent UK

New figures show UK economic growth weaker than first thought

The UK economy continued its recovery from recession at the end of last year

Fortune

Boeing strike costs U.S. $1 billion of GDP in just two weeks

Over 32,000 striking workers look set to refuse Boeing’s latest offer, but the costs are mounting on both sides.

The Conversation

The boomer generation hit the economic jackpot. Young people will inherit their massive debts

Young people in Britain could be forgiven for despairing at the financial pressures they face – and feeling that previous generations enjoyed a much fairer economic environment. Then just to add to their worries about home ownership and a precarious jobs market, along comes the gloomy announcement that the UK’s…

Barchart

Dollar Recovers Early Losses as T-note Yields Climb

The dollar index (DXY00 ) today is slightly higher due to stronger-than-expected US weekly jobless claims and Q2 GDP reports, hawkish factors for Fed policy that pushed T-note yields higher. Gains in the dollar are limited by strength in the Chinese yuan, which climbed to a 16-month high against the...

Top News

US Economy Grows At Healthy 3% Annual Pace

The American economy showed robust growth in Q2 driven by consumer spending and business investment. Inflation eased, prompting a Fed interest rate cut. Jo...

Barchart

Nasdaq Futures Soar as Micron’s Strong Outlook Boosts Sentiment, U.S. GDP Data and Fed Speak in Focus

December Nasdaq 100 E-Mini futures (NQZ24) are trending up +1.33% this morning as market participants cheered forecast-beating quarterly results and guidance from semiconductor giant Micron, while also awaiting a flurry of U.S. economic data and remarks from Federal Reserve officials.

The Guardian - UK

Britain wants spending and a better NHS, not this obsession with growth. That’s why there’s big trouble ahead

Starmer speaks of a decade of renewal but he is not offering even Labour voters what they clearly want, says Guardian columnist Aditya Chakrabortty

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