The Latest Breaking News from GDP

Australia is doubling down in resisting US pressure for its allies to lift defence spending, as retaliation is promised for nations refusing to comply.

The decision by NATO members on Wednesday to spend five percent of their GDP on defence could shift budget priorities.

The new NATO spending target has a 1.5% for non-military expenses. Its interpretation however is vague and could spark "opportunistic" divisions.

The spending target the military alliance just agreed on is unlikely to be met by all countries, but experts say some members are moving to bolster their defenses in case of a future Russia conflict.

Kansas City Federal Reserve President Jeff Schmid said on Tuesday that the central bank has sufficient time to analyze rising import tariff impacts on inflation and economic growth before implementing further interest rate cuts.What Happened: “The current posture of monetary policy, which has been characterized as ‘wait-and-see,’ is appropriate,” Schmid…

He said the current commitment to get defence spending up to 2.5% of GDP was coming from cuts to overseas development aid.

Nato plan to increase military spending overlooks risks to security posed by environmental breakdown and social decay, say economists

President Donald Trump lashed out at Israel and Iran before he jetted off for a NATO summit in the Netherlands amid global tensions.

In a recent report, Cathie Wood‘s ARK Invest has said that the widespread adoption of humanoid robots could potentially unlock a massive $250 billion in untapped gross domestic product (GDP).