The Latest Breaking News from GDP

Brings UK military spending to 2.25% of GDP by 2025, says chancellor

UK budget announcements inevitably lead to a deluge of reporting on how the chancellor’s latest plans for the economy will affect our wallets, pensions and investments, as well as the bottom lines of businesses, charities and entire industries.

Before the next election, Treasurer Jim Chalmers must find a way to credibly restore a balanced budget. This means new and higher taxes.

Tories can take heart that the over 65s won’t punish poor GDP, research finds. Just don’t hit them in the pocket

Thailand and China are among the lone bright spots in Asia, projected to have higher real GDP growth this year even as the rest of the region is battered by unfavourable global economic conditions and geopolitical tensions, according to global trade insurer Atradius.

The UK building sector had its worst month in almost a year, but there may be signs of greater resilience in the London housing market

Saudi Arabia’s gross domestic product (GDP) grew by 8.7 percent in 2022, registering the highest growth rate among the G20 countries, despite the complex economic conditions and challenges facing the world. This rise has exceeded the expectations of international organizations, which have estimated the Saudi GDP to increase by 8.3…

GDP is likely to edge sideways in 2023 (if that) but the true impact of rising interest rates has yet to be felt

The Office for National Statistics said the economy grew by 0.3% in January, following a sharp 0.5% decline in December.