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The Latest Breaking News from GDP

GDP growth likely to be 6.7 pc in Q4; 7 pc in FY24: Ind-RA

India Ratings and Research expects the country's GDP growth rate for the March quarter at 6.7 per cent and around 6.9-7 per cent for the 2023-24 fiscal. Read further on Dynamite News:

Dynamite News

Economic damage from climate change six times worse than thought – report

A 1C increase in global temperature leads to a 12% decline in world gross domestic product, researchers have found

The Guardian - US

Brazil Raises 2024 GDP Forecast, Expects Higher Inflation

Brazil's government raises GDP forecast for 2024, but also predicts higher inflation and terminal rate, emphasizing the need for prudent economic management.

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Dollar Ends Higher and Gold Falls on Hawkish Fed Comments

The dollar index (DXY00 ) on Thursday recovered from an early 5-week low and finished up +0.12%. The dollar found support Thursday from higher T-note yields. Also, comments from Cleveland Fed President Mester and Richmond Fed President Barkin, who said interest rates should stay higher for longer, were bullish for...

Barchart

Dollar Firms on Higher US T-Note Yields

The dollar index (DXY00 ) dollar today recovered from an early 5-week low and is up +0.25%. The dollar is seeing support from a rebound in T-note yields. Today’s US economic reports were mixed for the dollar. The dollar was undercut by dovish comments from New York Fed President Williams,...

Barchart

Dow Jones Industrial Average hits 40,000 points for first time; UK reality TV stars charged over FX scheme – as it happened

Strong quarterly results and hope of interest rate cuts drive DJIA to new alltime high

The Guardian - UK

South Korea's GDP And Inflation Forecasts Raised By Think Tank

Korea Development Institute raises GDP and inflation forecasts, signaling economic growth and resilience in South Korea.

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Japan Economy Suffers Worse-than-expected Contraction Of 0.5%

Japan's economy suffered a worse-than-expected contraction in the first quarter, official data showed Thursday, in further bad news for its unpopular government.

International Business Times

The YIMBY Napkin

Checking the credibility of Hsieh-Moretti the lazy way. Third in a series of guest-blogging posts.

Reason

Jeremy Hunt hails wage rises outstripping inflation for 10th month in a row as economy bounces back

Official figures on the ‘wages recovery’ come just days after GDP growth jumped 0.6% in first three months of the year

Evening Standard

Brace for Big Tax Hikes in 2026 Unless Congress Acts

The Tax Cuts and Jobs Act expires at the end of 2025, with a high price tag for most Americans.

Reason

'Finally a good news story for the UK' as GDP grows at fastest pace in more than two years

The City was basking in a rare glow of “genuinely strong” economic news today

Evening Standard

Stock Index Futures Climb as Fed Rate Cut Hopes Grow, Fed Speak and ECB Minutes in Focus

June S&P 500 E-Mini futures (ESM24) are up +0.40%, and June Nasdaq 100 E-Mini futures (NQM24) are up +0.44% this morning after three major U.S. benchmark indices ended the regular session in the green as higher-than-expected applications for U.S. unemployment benefits bolstered the case for rate cuts, with investors looking…

Barchart

Latest GDP figures offer some better news – but boom-boom Britain it ain’t

While the government will seize on any crumbs of comfort it can find, the bigger picture on growth tells a different story

The Guardian - UK

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Top News

UK Exits Recession With 0.6% GDP Growth

UK emerges from recession with 0.6% GDP growth, exceeding expectations and signaling potential economic recovery.

Evening Standard

FTSE 100 Live 10 May: UK exits recession as GDP grows faster than thought, index at another record

A forecast and recession beating GDP figure of 0.6% today showed the UK’s strongest expansion in over two years.

Evening Standard

Britain's recession is officially over as economy grows faster than expected in first quarter

GDP was 0.4% higher in March and up 0.6% in the first quarter as a whole

The Guardian - UK

FTSE 100 hits new closing high after UK economy escapes recession with fastest growth since 2021 – as it happened

Short, shallow recession is over, as UK economy grows faster than forecast in January-March quarter, by 0.6%, fastest quarterly growth in over two years

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Evening Standard

Saudi forces given 'licence to kill' to clear way for $500billion development

A colonel in the Saudi army has claimed a villager was shot dead protesting against a huge project to boost the country’s GDP

International Business Times

UK's Cameron Urges NATO Countries To Boost Defence Spending

UK Foreign Secretary David Cameron on Thursday urged NATO partners to soon start spending 2.5 percent of GDP on defence, during a major speech in which he called for a more muscular approach to Western foreign policy.

International Business Times

Mexico Needs American Corn Farmers Over Protectionism

Under such an import ban, food insecurity levels could double or even triple in the nine poorest Mexican states. Mexico's GDP could fall by nearly $12 billion over 10 years.

Top News

Thai Business Group Lowers 2024 GDP Growth Forecast

Thai business group revises 2024 GDP growth forecast due to economic concerns and pandemic uncertainties.

StockNews.com

3 China Stocks With Potential to Soar

With the higher-than-expected economic growth in the first quarter, China seems on track to achieve its GDP target of around 5% in 2024 despite the struggling real estate market. Thus, fundamentally solid China stocks Sunlands Technology (STG), China Automotive Systems (CAAS), and X Financial (XYF) could be ideal buys now.…

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Indonesia's Q1 GDP Growth Exceeds Expectations

Indonesia's economy shows resilience with strong Q1 GDP growth, driven by domestic consumption and government stimulus.

Top News

Saudi Arabia's Q1 GDP Contracts 1.8% Due To Oil Sector

Saudi Arabia's economy contracted in Q1 due to oil sector challenges and COVID-19 impact. Vision 2030 aims to diversify for resilience.

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