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The Latest Breaking News from GDP

‘Recession may have begun’ as UK economy shrinks by 0.5% in July, GDP figures show

Government minister Maria Caulfield conceded that the decline in GDP was “disappointing”

Evening Standard

Recession to end but Govt surplus delayed a year

The pre-election forecasts offer a rosier picture of the economy, with wages growing ahead of inflation, but tougher times for the Government’s own books.

Newsroom.co.nz

Back to school: Which countries spend the most on education?

With school back in session, Al Jazeera looks at the state of global education.

Al Jazeera

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

Do subsidies and safety nets take focus away from generating jobs?

The Hindu Parley discussion on whether poll promises are a distraction from providing solutions to what appears to be a systemic concern – jobless growth?

The Hindu

Bengaluru-Chennai Expressway to be operational in January: Nitin Gadkari

Union Minister Gadkari announces Bengaluru-Chennai Expressway to be operational in Jan 2021, reducing travel time to 2 hrs. Automobile sector contributes 6.5% to India's GDP and aims to reduce cost of logistics. Hydrogen is the fuel of the future and Centre is working to switch to electric vehicles. Ashok Leyland…

The Hindu

The UK economy's COVID bounceback was stronger than we thought – but here's why people are still feeling financial pain

The UK has been transformed from the laggard of developed economy COVID recoveries, after a recent data revision by the Office for National Statistics (ONS) showed its growth was stronger than previously thought after the pandemic-era lockdowns. The country’s gross domestic product (GDP), a measure of national income that was…

The Conversation

Everyone's talking about the Global South. But what is it?

Indian Prime Minister Narendra Modi says his country is “becoming the voice of the Global South."

The Independent UK

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Australia's not likely to catch a cold, just a sniffle from China's economic downturn

There are few more reliable narratives in the business and financial press than, “If China sneezes, Australia will catch a cold”.

The Conversation

Australia’s economy has got smaller on a per capita basis – like it did in the GFC and 1990s recession. So, you know, not good

We now have GDP that is growing only due to population growth and even then only due to government spending

The Guardian - AU

We're in a per capita recession as Chalmers says GDP 'steady in the face of pressure'

Australia’s economy grew a mere 0.4% in the June quarter according to figures released by the Bureau of Statistics on Wednesday, a performance Treasurer Jim Chalmers describes as “steady in the face of unrelenting pressure”.

The Conversation

Australia’s annual growth slowed in June quarter with GDP up 2.1%

Rise compares with a revised 2.4% economic growth in the March quarter, Australian Bureau of Statistics reveals

The Guardian - AU

Kenya's leader says climate change is eating away Africa's GDP, calls for talks on global carbon tax

Kenya's president says climate change is “relentlessly eating away” at Africa’s economic progress and it’s time to have a global conversation about a carbon tax

The Independent UK

Wagner, conflict and poverty drive Central African Republic death rate above crisis levels: but where’s the aid?

The Central African Republic (CAR) is one of the poorest countries in the world. Its GDP per capita in 2022 was estimated at US$491 per year.

The Conversation

Markets rally as China steps up support for economy and Country Garden strikes debt deal – as it happened

Rolling coverage of the latest economic and financial news, as stocks rally as Country Garden agrees extension to its onshore debt payments

The Guardian - UK

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The Guardian - UK

Chaos in our skies, crumbling concrete in our schools: grim symptoms of a British disease

A long-term lack of investment has left our infrastructure in pieces. Instead we are prey to dire fallout from events that should be within our control

The Independent UK

Britain no longer an economic outlier after ‘extraordinary’ GDP upgrade by ONS

Jeremy Hunt said ‘those determined to talk down the British economy have been proved wrong’

Evening Standard

UK economy bounced back from pandemic much faster than previously thought, revised GDP figures show

The new stats say the UK economy hit its pre-pandemic size by the end of 2021, a stark difference from data that claimed GDP today is still below 2019 levels

Kiplinger

Stock Market Today: Stocks Close Higher After ADP Jobs Data

The main benchmarks notched a fourth straight win after private payrolls rose less than expected and Q2 GDP was lowered.

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news in one place.

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Barchart

Dollar Falls as the Outlook for a Fed Rate Pause Improves

The dollar index (DXY00 ) on Wednesday fell by -0.36%. The dollar on Wednesday extended this week’s losses down to a 2-week low. Weaker-than-expected U.S. economic news Wednesday on the Aug ADP employment change and Q2 GDP bolstered speculation that the Fed will be able to pause its rate hikes,...

Barchart

Stocks Modestly Higher as Optimism Builds for a Fed Pause

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.18%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.03%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.24%. Stocks this morning are slightly higher, with the S&P...

The Guardian - AU

Australia’s greenhouse emissions are a national disgrace that are destroying the planet and costing households

The quarterly emissions data reinforces how much of a joke our 2030 emissions target is

Barchart

Stocks Move Higher Before the Open as Investors Await Key U.S. GDP Data, Salesforce Earnings on Tap

September S&P 500 futures (ESU23) are up +0.06%, and September Nasdaq 100 E-Mini futures (NQU23) are up +0.07% this morning after three major U.S. benchmark indices rallied on Tuesday as soft economic reports bolstered expectations that the Federal Reserve would pause its interest-rate hikes in September, while investors also braced…

Barchart

Stocks Slip Before the Open as Investors Await Key U.S. GDP Data, Salesforce Earnings on Tap

September S&P 500 futures (ESU23) are down -0.08%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.16% this morning after three major U.S. benchmark indices rallied on Tuesday as soft economic reports bolstered expectations that the Federal Reserve would pause its interest-rate hikes in September, while investors also braced…

Barchart

Stocks Move Lower Before the Open as Investors Await Key U.S. GDP Data, Salesforce Earnings on Tap

September S&P 500 futures (ESU23) are down -0.19%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.28% this morning after three major U.S. benchmark indices rallied on Tuesday as soft economic reports bolstered expectations that the Federal Reserve would pause its interest-rate hikes in September, while investors also braced…

The Hindu

Data | The problems with the Prime Minister’s economic claims

India to become $5trillion economy soon: PM Modi; however, nominal GDP, exchange rate conversions, and skewed income distribution complicate the narrative. In terms of PPP-based GDP, India is already the 3rd largest economy in the world. To attain a dignified living standard for its people, India needs to augment resource…

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