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The Latest Breaking News from GDP

Tourism Buoys Southern Europe's 'Club Med' Nations

Derided as "Club Med" nations during the European debt crisis 15 years ago, the economies of Spain, Greece and Portugal are now outperforming their northern peers thanks to a rebound in tourism.

International Business Times

UK growth since 2010 has been lacklustre and largely driven by immigration, says report

Resolution Foundation report suggests parties are dodging the economic challenges facing the country

The Guardian - UK

Remember, the U.S. doesn't have to pay off all its debt, and there's an easy way to fix it, Nobel laureate Paul Krugman says

"Given the political will, we could resolve debt concerns quite easily."

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

Dollar Rallies and Gold Sinks as Fed Rate Cut Hopes Recede

The dollar index (DXY00 ) Friday rose by +0.75% and posted a 1-week high. The dollar jumped Friday on the stronger-than-expected US May payroll report, which reduced expectations for Fed rate cuts. May nonfarm payrolls rose more than expected and May average hourly earnings unexpectedly accelerated, hawkish factors for Fed...

Barchart

Stagflation: is Australia heading back to the 1970s? Our economics and business writers go head to head

The economy has stalled and inflation remains high. Should we be worried? Guardian Australia’s experts have very different views

The Guardian - AU

Dollar Jumps and Gold Tumbles on Reduced Fed Rate Cut Chances

The dollar index (DXY00 ) today is up by +0.69% at a 1-week high. The dollar jumped today on the stronger-than-expected US May payroll report, which reduced expectations for Fed rate cuts. May nonfarm payrolls rose more than expected and May average hourly earnings unexpectedly accelerated, hawkish factors for Fed...

Barchart

Stock Index Futures Slide After Strong Jobs Report is Released

June S&P 500 E-Mini futures (ESM24) are down -0.45%, and June Nasdaq 100 E-Mini futures (NQM24) are down -0.42% after this morning after the U.S. non-farm payroll data is released.

Barchart

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Stock Index Futures Tread Water as Key U.S. Jobs Report Looms

June S&P 500 E-Mini futures (ESM24) are up +0.02%, and June Nasdaq 100 E-Mini futures (NQM24) are up +0.08% this morning as market participants awaited the release of crucial U.S. non-farm payroll data for clues on the timing of Federal Reserve interest rate cuts.

Barchart

Dollar Slips as Hawkish Lagarde Boosts the Euro

The dollar index (DXY00 ) Thursday fell by -0.16%. Thursday’s US economic news weighed on the dollar after weekly US jobless claims rose more than expected, a dovish factor for Fed policy. Also, the US Apr trade deficit widened by the most in 1-1/2 years, a negative factor for the...

Barchart

Dollar Finds Support on Higher T-Note Yields

The dollar index (DXY00 ) today is trading slightly higher on a rise in T-note yields. Gains in the dollar are limited after weekly US jobless claims rose more than expected, a dovish factor for Fed policy. Also, the US Apr trade deficit widened by the most in 1-1/2 years,...

Barchart

Australia is on the brink of recession. So why does the RBA think we are spending too much?

Are we in a recession? No. But cripes, we may as well be

The Guardian - AU

From Utah to Texas, here are the states with the best economies in the U.S., and the worst

As the U.S. continues to hold the spot for largest economy in the world, here are the states with the strongest economies across the country.

Latin Times

Afternoon Update: economic growth stalls; eSafety commissioner drops X case; and News Corp ‘not obsessed’ with ABC

GDP growth falls to just 0.1% in the March quarter as high interest rates drag on economy

The Guardian - AU

GDP growth falls to just 0.1% as household cutbacks put handbrake on Australia’s economy

Annual economic growth is down to 1.1%, lower than economists predicted, ABS GDP figures show

The Guardian - AU

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The Conversation

Election 2024: polling shows voters don’t believe the tax pledges – here’s how the numbers stack up

The two main parties contesting the UK general election have been unusually cautious on their spending plans, despite urgent calls for more public funding to tackle crises in housing, social care and the environment.

Evening Standard

OPINION - We’re stealing from the young to give to the old — politicians should raid pensions

It’s a frustration of mine that I often get the feeling people don’t seem to understand how on edge we are financially as a country. At the end of 2023/24 public sector net debt was £2.6 trillion, which is a staggering 98% of GDP. The interest the government has to…

The Guardian - UK

Immigration must be matched with investment in UK infrastructure to ease pressures

Net migration has benefits but has done nothing to address downward trend in per capita GDP

Top News

US Economy Grows At Sluggish 1.3% Rate In Q1

Explore the impact of slow GDP growth, high inflation, and uncertain future projections on the U.S. economy in Q1 2022.

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International Business Times

Fresh Economic Data Raises Questions About Fed Rate Cuts

The U.S. economy received some mixed news from fresh data released Thursday, including slight changes in inflation rates, jobless claims and gross domestic product (GDP).

Barchart

Stocks Slip Before the Open as Risk Mood Sours, U.S. GDP Data and Earnings in Focus

June S&P 500 E-Mini futures (ESM24) are down -0.39%, and June Nasdaq 100 E-Mini futures (NQM24) are down -0.42% this morning as U.S. Treasury yields hovered near the highest levels of the year, weighing on the risk mood, while investors braced for a slew of U.S. economic data, remarks from…

Evening Standard

Don't blame central bankers — economic predictions are hard

City Voices: Independent central banks remain key to economic stability

Evening Standard

Bank fined after trader makes $444 billion 'fat finger' error

The error, worth more than the GDP of Denmark, was partially blocked by Citigroup, but almost $200 billion worth of shares were still sent to a trading algorithm

The National (Scotland)

The Scottish Government can't grow the economy within this Westminster system

This week, I address the lack of economic levers available to the Scottish Government as it seeks economic growth.

The Guardian - UK

A drop in global GDP would be good for the planet

Letter: A reduction in the consumption of carbon-intensive products and services is not something to complain about, writes Terry Cannon

Evening Standard

OPINION - An improving economy won't save the Tories

It doesn't seem fair. When the economy is tanking, the government gets the blame. When it recovers, voters tend to give short shrift. Just ask John Major, who couldn't even convince one in three Britons to support the Conservatives in 1997 despite overseeing 22 consecutive quarters of GDP growth and…

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