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The Latest Breaking News from GDP

Committee revises up GDP growth forecast

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has revised up its 2022 GDP growth forecast to at least 2.75%, up from 2.5%, but soaring inflation remains a wild card.

Bangkok Post

Boris Johnson admits higher defence spending is a ‘prediction’ and not a commitment

Tory alarm as prime minister waters down 2.5% of GDP ’pledge’ – made only four days ago

The Independent UK

Ukraine FM Rules out Russian Use of Nuclear Weapons, Calls for Isolating Moscow over its Threats

The world is laying out the worst scenarios for the Russian-Ukraine war.

Asharq Al-Awsat

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Recession is Here...Watch Out Below!

More and more it looks like recession is here. This includes a dramatic decline for ISM Manufacturing discovered this morning. As you likely know, most economist call manufacturing the "canary in the coal mine" for the US economy as it often shows weakness before other areas. In fact, GDP Now…

StockNews.com

Boris Johnson’s 2030 military spending pledge ‘feeble’, say senior Tories

PM commits to increase military spending to 2.5% of GDP by the end of decade

The Independent UK

UK defence spending to increase by end of decade, claims Boris Johnson

The Prime Minister pledged that UK defence spending would reach 2.5 per cent of GDP by 2030 but is not matching the budget with rising inflation this year

Daily Record

Johnson pledges £55bn more defence cash for 2020s amid Russia threat

The PM committed Britain to increasing spending to 2.5% of GDP by the end of the decade and urged Nato allies to boost their own military budgets.

The Independent UK

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Boris Johnson commits to raising UK defence spending to 2.5% of GDP by end of decade

The Prime Minister said that the ‘cost of freedom’ is ‘always worth paying’

Evening Standard

Bad peace for Ukraine would be appalling for the world, says Boris Johnson

Boris Johnson also pledged to spend 2.5% of GDP on defence by the end of the decade

Evening Standard

Johnson commits to raising UK defence spending to 2.5% of GDP by end of decade

The Prime Minister said that the ‘cost of freedom’ is ‘always worth paying’.

The Independent UK

Boris Johnson pledges to raise UK defence spending to 2.5% - but only by 2030

The Prime Minister said the 'logical conclusion' of his plans was that defence spending would rise from 2% to 2.5% of GDP - but only by the end of the decade and he didn't spell out exactly how

Daily Mirror

People's disposable income has fallen constantly for a year for first time ever, figures show

It's the first time ever that real disposable income has fallen for four quarters in a row

Wales Online

Millions of families across UK see disposable income squeezed now for a year, according to official figures

Millions of families across Britain have seen their disposable incomes squeezed for a year as the cost-of-living crisis grows, according to official figures.

Evening Standard

As US Economy Weathers Inflation, GDP Growth Turns Negative: Are We Headed For A Recession?

For the first time since the start of the COVID-19 pandemic in 2020, the Bureau of Economic Analysis has reported a decrease in real gross domestic product –— GDP.

Benzinga

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Benzinga

Why U.S. Stocks Are Trading Higher, GDP Report And More

U.S. stocks traded higher this morning, with the Dow Jones gaining around 180 points on Wednesday.

Benzinga

U.S. Stock Futures Edge Higher; GDP Report In Focus

Pre-open movers

The Guardian - UK

Wednesday briefing: Defence secretary Ben Wallace goes on the warpath over military spending

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

Evening Standard

Boris Johnson tells Nato leaders they must ‘dig deep’ on defence spending as threats grow

Boris Johnson has urged Nato allies to “dig deep” and spend more on defence, warning that threats to the West over the next decade are set to grow.

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The Guardian - UK

Boris Johnson seeks to defuse row over abandoning defence spending pledge

PM insists manifesto promise of above-inflation increase will be kept despite Downing Street ‘reality check’ briefing

Daily Mirror

Boris Johnson poised to ditch key UK defence spending promise despite Russia's war

The Prime Minister will trumpet Britain's 2% of GDP spending on defence - but another part of his policy, to raise spending above inflation, could soon be scrapped. It came as Boris Johnson insisted "I don't think" Britain will end up at war with Russia

The Guardian - UK

Ben Wallace ‘wants defence budget lifted to 2.5% of GDP by 2028’

Defence secretary’s leaked letter to PM warns of shortfalls in military personnel and long-range rocket artillery

The Independent UK

Wallace calls for 20% hike in defence spending – reports

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.

The Conversation

Beyond GDP: Jim Chalmers' historic moment to build a well-being economy for Australia

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.

The Conversation

Ukraine war: all eyes on Lithuania as sanctions close Russian land access to Kaliningrad

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.

Reuters

Lithuania president eyes hike in defence spending to host more NATO troops

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.

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