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The Latest Breaking News from GDP

Latino GDP rises to $3.6 trillion, providing major boost to U.S. economy

Manufacturing alone contributed $457.4 billion to the Latino economy in 2022, marking a significant 48.4% year-over-year growth

Latin Times

ECB cuts interest rate to 3.5% and warns of weak eurozone growth

European Central Bank makes 0.25-point cut as expected after eurozone inflation fell to 2.2% in August

The Guardian - UK

UK national debt could reach nearly 300% of GDP in next 50 years, watchdog warns

Britain’s ageing population, climate change and rising geopolitical tensions all expected to put pressure on Treasury, OBR says

The Independent UK

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Can UK avoid national debt almost tripling over next 50 years?

OBR report is not all doom and gloom, but preventing debt rising to 274% of GDP would require tough action

The Guardian - UK

UK economy flatlines in July for second month running

THE UK economy flatlined in July for the second month in a row, according to the latest official figures, as the Chancellor said she is “under no…

The National (Scotland)

Summer of sport saves GDP from a surprise slump in July as economy stalls

Flatlining economy in the month Labour came to power is a disappointing backdrop to preparations for key Budget in October

Evening Standard

US inflation cools to 2.5%, its lowest since February 2021 – as it happened

UK government’s £500m taxpayer-backed deal for steelworks secures long-term future of Port Talbot but unable to secure guarantees to save 2,500 jobs

The Guardian - UK

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South Africa’s economy needs a shot in the arm, not austerity: 3 key areas where more public spending would get results

For the past 11 years the South African government has pursued a policy of austerity. In recent years, government has reduced per capita spending (adjusted for inflation) by significant amounts. Spending on public services, for example, health and education, for each member of the population has fallen since 2019, from…

The Conversation

Goldman Sachs: Harris better for economy

Analysts said that Trump's policies on issues from tariffs and immigration could cut into U.S. GDP

Salon

Israel: 11 months of war have battered the country’s economy

After 11 months of war, Israel is facing its biggest economic challenge in years. Data shows that Israel’s economy is experiencing the sharpest slowdown among the wealthiest countries of the Organisation for Economic Cooperation and Development (OECD).

The Conversation

Now the Australian economy is on its knees, will the RBA finally start cutting interest rates?

So far we have not gone into recession – but only because our population has grown and the government has kept spending

The Guardian - AU

U.S. GDP May Rise Slightly Under Harris, Fall If Trump Returns: Goldman Sachs

Goldman Sachs, in a report, said that the GDP is likely to increase with a Harris administration and with Democrats controlling Congress.

International Business Times

AVIXA Report: Pro AV Growth Still Moderate Amid Tepid Macro Environment

Globally, the United States is a bright spot for GDP, but overall it's a soft macroeconomy.

AVNetwork

What’s a recession – and how can we tell if we’re in one?

This article is part of The Conversation’s “Business Basics” series where we ask experts to discuss key concepts in business, economics and finance.

The Conversation

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The Conversation

This is the weakest economy outside of a recession. Here’s what the GDP figures show

The latest national accounts show the Australian economy is struggling. It’s what you would expect after the sharpest series of interest rate rises on record, and is more or less what the Reserve Bank was trying to achieve to bring down inflation.

The Guardian - AU

Australia’s economy fares better than expected but still weakest since early 1990s, excluding pandemic

June quarter GDP expanded by 1% from a year earlier, the Australian Bureau of Statistics said – slightly above forecasts

The Guardian - AU

Australia is about to get an economic health check. What do GDP figures mean and why are they important?

The numbers could mark the nadir in gross domestic product performance, while the RBA watches closely for cues to help time an interest rate cut

The Independent UK

African nations are losing up to 5% of their GDP per year with climate change, a new report says

A new report says African nations are losing up to 5% of their GDP every year as they bear a heavier burden than the rest of the world from climate change

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Barchart

Dollar Moves Higher on Solid US Growth

The dollar index (DXY00 ) Thursday rose by +0.26%. The dollar moved higher Thursday on signs of US economic strength after weekly jobless claims fell more than expected, and Q2 GDP was revised higher on strength in consumer spending, a hawkish factor for Fed policy. The weakness in the euro...

Barchart

Dollar Gains on Strong US GDP

The dollar index (DXY00 ) today is up by +0.31%. The dollar is climbing today on signs of US economic strength after weekly jobless claims fell more than expected, and Q2 GDP was revised higher on strength in consumer spending, a hawkish factor for Fed policy. The weakness in the...

Barchart

Stocks Push Higher on US Economic Strength

The S&P 500 Index ($SPX ) (SPY ) today is up +0.48%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.35%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.95%. Stocks today are moderately higher after the US Q2 GDP was revised higher due...

The Guardian - AU

Unemployment is rising and Australia’s economy is weak – but don’t hit the recession alarm just yet

Are we headed for a recession? The answer is complex – although for young people it already feels like one

Latin Times

U.S. Latinas' contribution to the GDP continues to grow, now topping Florida's economy

The figure amounts to $1.3 trillion and has grown more than 50 percent between 2010 and 2021, according to a new report

The National (Scotland)

Kate Forbes hails Scottish GDP growth 'despite restraints of Brexit and devolution'

KATE Forbes has hailed new figures showing Scotland’s GDP growth in the second quarter of 2024 “despite the restrictions of the devolution…

The National (Scotland)

Craig Dalzell: Here's my verdict on Keir Starmer's 'pain' speech

AHEAD of the reopening of the UK Parliament next week, Prime Minister Keir Starmer painted a bleak picture of a broken Britain that he plans to…

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