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The Latest Breaking News from GDP

Texas Faces $160B GDP Loss by 2030 if Water Infrastructure Investments Are Not Made, Report Finds

The report also projects a water supply deficit of nearly 6.9 million acre-feet by 2070—enough to serve 20.7 million households annually

Latin Times

Trump’s tariffs in his first term did little to alter the economy. This time things could be very different

The total tariffs collected in the United States was less than 0.3% of the GDP in 2019, during Trump’s first term

The Independent UK

US economy grows at 2.8% pace in third quarter on consumer spending, unchanged from first estimate

The American economy expanded at a healthy 2.8% annual pace from July through September on strong consumer spending and a surge in exports, the government said Wednesday, leaving unchanged its initial estimate of third-quarter growth

The Independent UK

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Dollar Weakens as the Euro and Yen Rally

The dollar index (DXY00 ) Wednesday fell by -0.86% and posted a 2-week low. Strength in the euro and the yen on Wednesday undercut the dollar. Also, Wednesday’s mixed US economic news pushed T-note yields lower, weakening the dollar’s interest rate differentials. US Q3 GDP was unrevised at 2.8% (q/q...

Barchart

Kate Forbes says economy 'recovering steadily' as Scottish GDP growth beats UK

KATE Forbes said Scotland's economy is "recovering steadily" as new figures showed GDP grew by 0.3 between August and September ...

The National (Scotland)

Dollar Falls with Bond Yields

The dollar index (DXY00 ) today is down by -0.67%. Strength in the euro and the yen today is weighing on the dollar. Also, today’s mixed US economic news pushed T-note yields lower, weakening the dollar’s interest rate differentials. US Q3 GDP was unrevised at 2.8% (q/q annualized) right on...

Barchart

Von der Leyen calls for more EU defence spending after narrow election victory

European Commission president says average spending in Europe is 1.9% of GDP, while Russia’s is 9%

The Guardian - UK

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The real reason Spain’s economy is bucking the trend of European decline

The 2022 Startup Law has provided a more favorable legal and financial framework for creating and scaling emerging companies in Spain.

Fortune

Thanksgiving, GDP and Other Key Things to Watch This Week

This week is a short week with the holiday, but there are still plenty of things to watch on the news front. In addition, there is increasing tension overseas again as the Russia/Ukraine conflict appears to be getting more intense.

Barchart

Mounting Economic Costs Of India's Killer Smog

Noxious smog smothering the plains of north India is not only choking the lungs of residents and killing millions, but also slowing the country's economic growth.

International Business Times

A better way to measure the nation’s wellbeing

Letter: Dr Jon Mulberg on why GDP isn’t the best gauge of economic health

The Guardian - UK

India's GDP growth to pick up in third quarter compared to first half of FY25: ICRA report

The report stated that this optimism is based on improving economic indicators and robust activity levels in various sectors. Read further on Dynamite News:

Dynamite News

Trump's Mass Deportation Plan Could Slash US GDP By Up To 6.8%, Report Shows

The president-elect's plan to deport millions of undocumented immigrants could lead to significant labor shortages, cost billions and hurt industries like agriculture and construction.

International Business Times

Trump's Mass Deportation Plan Could Slash U.S. GDP by Up to 6.8%, Report Shows

The president-elect's plan to deport millions of undocumented immigrants could lead to significant labor shortages, cost billions, and hurt industries like agriculture and construction

Latin Times

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Fortune

Millennials choosing to be DINKs could push GDP down by as much as 4%

"By the time you get to 2030, you're talking about a birth rate that is wildly different to what was in the assumptions made at the beginning of the decade."

The Guardian - UK

Housework to green energy: the new markers of growth in rival metric to GDP

Sustainability-focused inclusive income formula accounts for non-monetary factors overlooked in GDP, says ONS

The Independent UK

Trump tariff hikes could knock UK GDP, says CEBR

Analysts at the think tank estimate that Mr Trump’s tariff plans could reduce UK gross domestic product (GDP) by 0.9% by the end of his term.

Barchart

Dollar Posts Modest Gains on Strong US Economic News

The dollar index (DXY00 ) Friday rose +0.06%. The dollar Friday recovered from early losses and posted modest gains on stronger-than-expected US economic news that included Oct retail sales and the Nov Empire manufacturing survey. Also, hawkish comments from Boston Fed President Collins boosted the dollar when she said a...

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Evening Standard

Global stocks weaken amid ‘lacklustre’ UK economic growth data

London’s FTSE 100 struggled to maintain gains from earlier in the day and closed 7.58 points lower, or 0.09%, at 8,063.61.

Barchart

Dollar Gains on Weak Stocks and Higher T-Note Yields

The dollar index (DXY00 ) today is up by +0.14%. The dollar today recovered from early losses and is moderately higher, just below Thursday’s 1-year high on Thursday. The dollar has risen in six consecutive sessions and extended the post-election rally on speculation that T-note yields will increase as inflation...

The Guardian - UK

Shrinking GDP forecast adds to German woes after coalition collapse

European Commission figures predict German economy, usually the engine of the EU, will contract O.1% this year

Evening Standard

OPINION - The Standard View: Business as usual for the soporific UK economy

It is the story of the British economy for the last 15 or so years. No matter the ideology of the prime minister, the content of the Budget or the geopolitical conditions, our GDP continues to grow, or indeed shrink, at a snail’s pace.

Latin Times

UK Growth Slows In Third Quarter, Dealing Blow To Labor Government

Gross domestic product (GDP) grew by 0.1% in the July-September period, a slowdown compared to 0.5% growth in the second quarter, the Office for National Statistics said.

Evening Standard

Why did the UK economy slow in the third quarter, and what does it mean?

The PA news agency looks at what fresh GDP figures mean for the wider UK economy, households and the Government.

Barchart

Stock Index Futures Plunge as Fed Rate Cut Bets Wane, U.S. Retail Sales Data in Focus

December S&P 500 E-Mini futures (ESZ24) are down -0.58%, and December Nasdaq 100 E-Mini futures (NQZ24) are down -0.90% this morning after Federal Reserve Chair Jerome Powell indicated the central bank was in no rush to lower interest rates, while investors geared up for a flurry of U.S. economic data,…

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