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The Latest Breaking News from GDP

Denmark announces plans to bolster its defense spending and raise it above 3% of GDP

The Danish government has announced plans to bolster its military by setting up a 50 billion-kroner ($7 billion) fund that it says will raise the country’s defense spending to more than 3% of gross domestic product this year and next

The Independent UK

Buffett Just Dumped His S&P 500 Holdings—What It Means for You

Warren Buffett has suddenly decided to sell his S&P 500 position in recent weeks, warning investors to consider moving forward.

MarketBeat

First Thing: Trump blames Ukraine over war with Russia – ‘you never should have started it’

President ‘disappointed’ with Volodymyr Zelenskyy’s complaint about being excluded from talks. Plus, clean energy contributed 10% to China’s GDP in 2024

The Guardian - UK

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Why is Spain’s economy booming? Thanks to migration – which proves xenophobia doesn’t pay

With Spanish GDP growth leading Europe last year, diversity is making us richer – not only financially but culturally, too, says journalist María Ramírez

The Guardian - UK

Europe deserves its seat at the kids' table over Ukraine, German defense boss says

European NATO members' repeated failure to hit its defense spending targets means it should have no complaints about peace talks, Rheinmetall CEO says.

Fortune

How Spain’s radically different approach to migration helped its economy soar

As immigration has increased, GDP has surged and unemployment has fallen to lowest level since 2008

The Guardian - UK

UK should be cautious after change in US policy over Ukraine, think tank says

US Defence Secretary Pete Hegseth said European nations need to spend 5% of GDP on defence and would be responsible for peacekeeping in Ukraine.

Evening Standard

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Meeting Ukraine peacekeeping pledge would require tax rises or spending cuts, Starmer warned

Managing the pressures of an ageing population on the NHS while ramping up defence expenditure would be an ‘epochal challenge’, top economist warns

The Independent UK

Value of London's housing stock approaches record £2 trillion

For the UK as as whole the total value now stands at £9.1 trillion , or 3.5 times the annual GDP of the UK

Evening Standard

Japan 2024 Growth Slows Despite Stronger Fourth Quarter

Japan's economic growth slowed sharply last year, official data showed Monday, although the rate for the fourth quarter topped expectations.

International Business Times

Trump’s return means UK must swiftly find a way to increase defence spending

Under Biden, the move could wait until the UK worked out how to meet its 2.5% GDP commitment. Not now

The Guardian - UK

The US thinks Europe isn’t pulling its weight on Nato – but how much are countries really spending on defence?

With President Donald Trump entering office for the second time, Nato spending is once again under scrutiny as the United States warns European countries must dig deeper into their pockets.

The Independent UK

Fact check: Ukraine aid, immigration figures and growth projections

Round-up of fact checks from the last week compiled by Full Fact.

Evening Standard

Taiwan To Increase Defense Spending To Over 3% GDP

Taiwan plans to increase defense spending to over 3% of GDP to address US security concerns.

Top News

US Urges NATO Allies To Increase Defense Spending To 5%

US Defense Secretary Pete Hegseth urges NATO allies to increase defense spending to 5% GDP, aligning with Trump administration's stance.

The Independent UK

Does GDP growth mean ‘more money in your pocket’? Reeves plan explained

Chancellor says growth will drive up living standards – but some are less sure

Evening Standard

OPINION - Whisper it quietly, but there may be some green shoots for Britain's economy

The British economy growing at a rate of 0.1% a quarter would not normally be cause for unfurling the bunting at Number 11. After all GDP could hardly advance any less rapidly without grinding to a complete halt. But after the run of ghastly headlines Rachel Reeves has endured she…

The National (Scotland)

'Broken': UK living standards fall despite slight economic growth, data shows

THE UK economy unexpectedly eked out growth in the final three months of last year – but a key measure showed living standards actually fell,…

International Business Times

In NATO, The Closer To Russia, The More Spent On Defence

While NATO countries living near the Russian border pay well over two percent of their GDP on defence, those further away pay less.

Evening Standard

Drinkers give some cheer to Rachel Reeves as pubs and bars spending helps to deliver surprise GDP growth

The economy was up 0.4%in December, beating City expectations

Evening Standard

Chancellor ‘still not satisfied’ despite surprise economic growth at end of 2024

Official figures showed gross domestic product edged 0.1% higher between October and December, confounding expectations for a contraction

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