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The Latest Breaking News from GDP

UK economy back to growth as it expands faster than expected in May

Britain’s GDP grew by 0.4 per cent in May, after no growth was recorded in April due to low consumer spending

The Independent UK

Why neither growth nor degrowth make sense as long-term objectives for Australia’s economy

What we need to reduce is the ‘throughput’ of the residual industrial economy

The Guardian - AU

60% of newly-arrived migrants have found jobs and are boosting the U.S. economy, study shows

A report by the Dallas Fed explained that recent immigration has added nearly two million newly-employed workers, contributing to higher GDP growth

Latin Times

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African urbanisation: what can (and can’t) be learned from China about growing cities

The economic growth paths of Asian and African countries have often been compared. China, with gross domestic product per capita of US$251 in 1987, was poorer than most African countries at the time. Uganda’s GDP per capita was US$392, Zambia’s US$319 and Ghana’s US$354. Yet today China has GDP per…

The Conversation

Keir Starmer under pressure to increase defence spending ahead of first Nato summit as PM

A day after the deadliest strikes by Vladimir Putin’s forces in Ukraine for months, the Labour leader is facing calls to hike spending on defence towards 3 per cent of GDP to keep Britain safe

The Independent UK

Nato at 75: a muted celebration for an alliance facing uncertain times

Nato leaders will have much to celebrate when they gather in Washington for the alliance’s 75th anniversary this week. Sweden will be welcomed to its first summit as a Nato ally. The leaders will also note progress on defence budgets – in 2024, 23 of the 32 allies will meet…

The Conversation

South Africa’s new agricultural leadership should focus on getting things done, not designing new policies

South Africa’s primary agriculture sector accounts for nearly 3% of GDP and about 8% when considering the value of agro-processing. But it can contribute even more to economic growth that delivers benefits fairly across society and creates jobs.

The Conversation

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Why has the UK’s economy grown so slowly under the Tories?

Economic growth under Conservative government is lowest since 1826, experts say.

Al Jazeera

Next PM likely to inherit improved economy after UK growth revised up

Updated quarterly GDP confirms UK was fastest-growing economy in G7 with consumer confidence returning

The Guardian - UK

FTSE 100 Live 28 June: Index closes lower, S&P tops 5,500, Nike shares tumble, GDP revised higher

An upward revision to first quarter GDP today boosted the mood around UK-focused stocks.

Evening Standard

UK growth revised higher in boost to next government; risk premium on French debt highest since 2012 – as it happened

UK GDP rose by 0.7% in January-March, according to the latest quarterly national accounts which show the state of the UK economy

The Guardian - UK

Dow Jones Reverses After GDP, Jobless Claims; Micron Dives On Earnings

Stock Market Today: The Dow Jones reversed higher Thursday after GDP and jobless claims. Among the losers, Micron stock dived on earnings.

Investors Business Daily

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

September S&P 500 E-Mini futures (ESU24) are down -0.07%, and September Nasdaq 100 E-Mini futures (NQU24) are down -0.10% this morning as market participants awaited a flurry of U.S. economic data, a presidential debate, and an earnings report from the world’s largest shoemaker Nike.

Barchart

Nasdaq Futures Fall as Micron’s Sales Outlook Disappoints, U.S. GDP Data and Nike Earnings in Focus

September Nasdaq 100 E-Mini futures (NQU24) are trending down -0.23% this morning as an underwhelming sales forecast from chipmaker Micron weighed on sentiment, while investors awaited a flurry of U.S. economic data, a presidential debate, and an earnings report from the world’s largest shoemaker Nike.

Barchart

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The Guardian - UK

A better way to measure the UK’s health and happiness

Letters: Government policies should be judged by their effect on the life satisfaction of the population, not by economic growth alone, says Prof Richard Layard. Plus letters from Sarah Davidson and Ethan Oshoko

inkl

Profit from Predictions: Using the Economic Calendar to Anticipate Market Trends

Depending on what you believe, this pioneering text may explain why so many smart individuals lose sleep over their portfolios but cannot forecast exciting, innovative industries like social networks.

Fortune

The national debt is over $34 trillion. It’s time to tell the truth about the U.S. government’s finances

The U.S. government will pay close to $900 billion this year just in interest payments on the national debt.

The Conversation

Keir Starmer rejects ‘tax and spend’, so do Labour’s plans for economic growth add up?

In launching Labour’s manifesto, Keir Starmer sought to shed his party’s “tax and spend” image. Instead, Starmer pressed home that Labour’s core mission is to increase UK economic growth – the manifesto mentions the term more than 200 times.

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Barchart

GDP, Fed Speakers and Other Key Things to Watch this Week

This coming week is pretty news-heavy with PCE and GDP all due out. In addition, there are several fed speakers at some odd times which can cause some volatility in the market.

Kiplinger

Kiplinger Special: The Long-Term Future of the U.S. Economy

Kiplinger's report into what it will take the U.S. to maintain a healthy economic growth rate.

The Guardian - UK

Whoever wins the French elections must beware of the markets

France’s economy minister name-checked Liz Truss as he sought to warn voters of the risks of voting for RN

Fortune

Jamie Dimon believes U.S. public debt is the ‘most predictable crisis’ the economy faces—and yet in just 3 months America has added $2.1 trillion to its tab

Debt held by the public will rise from 99% of GDP this year to 122% by 2034—surpassing its previous high of 106% in 1946 at the end of the Second World War.

inkl

How To Open A Company In The UAE?

The United Arab Emirates is considered one of the most stable business environments and is among the top 3 leaders in terms of GDP among Arab countries, so many investors from all over the world seek to open their company here.

Al Jazeera

New Zealand exits recession, but economic troubles linger

GDP grows 0.2 percent in first quarter, buoyed by record immigration.

AAP

New Zealand exits recession but economic woes remain

New Zealand has posted both quarterly and annual GDP growth of 0.2 per cent, confirming an economy stuck in the doldrums.

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