The Latest Breaking News from GDP

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In today’s newsletter: As Boris Johnson, armed forces leaders and Wallace give mixed signals on military spending plans, Archie Bland tries to make the numbers add up

A defence source did not deny reports that the Defence Secretary asked the PM to lift the annual military budget to 2.5% of GDP by 2028.

Australia’s new federal treasurer, Jim Chalmers, spoke regularly in opposition about a well-being budget and the need to measure more than just the traditional economic indicators.

Tensions between Russia and Nato, already stretched considerably by the invasion of Ukraine, have ratcheted up even further over Kaliningrad, a small piece of Russian territory sandwiched between Poland and Lithuania on the Baltic coast and cut off from mainland Russia.

Lithuania must raise defence spending to 3% of GDP to enable it to host a much larger number of NATO troops, its president said ahead of NATO summit that will address how to counter rising security threats posed by Russia's invasion of Ukraine.

Chinese President Xi Jinping on Wednesday made a rare statement that his country aims to achieve its economic goals for the year, despite analysts trimming the GDP growth target for the country.

The International Monetary Fund (IMF) has highlighted solid indicators for the Saudi economy, expecting a 7.6 percent overall GDP growth in 2022. Non-oil growth will increase to 4.2 percent in 2022, with the current account surplus will increase to 17.4 percent of GDP in 2022, said the Fund experts. An…

Fitch Ratings has affirmed Thailand's credit rating at "BBB+" with a stable outlook, which is acceptable to the government, says government spokesman Thanakorn Wangboonkongchana.