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The Latest Breaking News from GDP

Jeremy Hunt’s tax cuts will add just 0.25% to UK GDP, Bank of England says

In a damning assessment of the chancellor’s fiscal shakeup, the Bank of England said the measures ‘could’ boost national output by a quarter of a per cent

The Independent UK

Rosstat Confirms 5.5% Q3 GDP Growth in Russia

Behold! The Russian bear awakes from its slumber. Rosstat reports a robust 5.5% GDP growth in Q3, confirming Russia's accelerating economic surge.

Top News

Vladimir Putin’s war in Ukraine has cost Russia’s economy 5% in growth, U.S. Treasury says

Russia plans big defense spending with inflation running high. But Vladimir Putin thinks the economy is doing great as it grows and keeps unemployment low.

Fortune

New Zealand GDP falls, past recession revealed

New Zealand's economy is again going backwards, falling by 0.3 per cent in the September 2023 quarter.

AAP

GameStop (GME) vs. Aeon (AONNY): Analyzing Which Specialty Retailer Is a Solid Buy for 2024

The specialty retail sector is flourishing due to a resilient U.S. economy with solid GDP growth, reduced inflation concerns, and robust consumer spending. Hence, let's assess which specialty retail stock between GameStop (GME) and Aeon (AONNY) could be a better buy for 2024. Read more….

StockNews.com

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Another GDP slump — Where's the 'Brexit dividend' we were promised?

City Comment: Rishi Sunak's Government has failed to offer a vision of how a post-Brexit Britain can thrive and prosper

Evening Standard

Signals are flashing red for Rishi Sunak’s economic growth pledge

Bank of England and Niesr have not forecast a recession but October fall in GDP may suggest one is on the way

The Guardian - UK

Interest rates to plunge in 2024 after GDP falls, City markets suggest

Market pricing is now pointing to a first cut as soon as May

Evening Standard

FTSE 100 Live: 'Rate cuts could come sooner' as GDP falls by 0.3%, blue-chip shares higher

The Bank of England's Monetary Policy Committee held interest rates as expected today, with members voting 6-3 in favour of another pause.

Evening Standard

Recession fears return as figures show GDP slumped by 0.3% in October

Stormy weather partly to blame for surprise fall in output

Evening Standard

UK economy shrinks unexpectedly as households feel squeeze

GDP fell by 0.3% in October as Bank of England prepares to keep interest rates on hold

The Guardian - UK

The Great Comeback Of The Greek Economy

Today, the Greek economy has rebounded to a new normal, contributing to the European stability. The country is witnessing healthy Gross Domestic Product (GDP) growth, while the Debt to GDP ratio is declining.

International Business Times

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The Guardian - UK

Traders lift bets on UK interest rate cuts in 2024 after economy shrinks in October – as it happened

Rachel Reeves warns that economic growth is going backwards after GDP shrinks by 0.3% in October, prompting City to predict 100bp of rate cuts in 2024

The Guardian - AU

Myefo 2023: Australia’s federal budget on track for wafer-thin $1.1bn deficit

Mid-year economic and fiscal outlook reveals $12.8bn improvement in budget bottom line due to strong labour market and commodity prices

Fortune

Europe is 'falling behind,' warns JLL CEO Christian Ulbrich

Europe is lagging behind the U.S. and other Western economies when it comes to economic growth and GDP per capita.

Fortune

'Cold War II' could wipe trillions from global economy, IMF says

The group says $7 trillion worth of GDP could be lost to a new Cold War, undoing progress since the fall of the Soviet Union.

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The Guardian - UK

World economy on brink of ‘cold war two’, IMF official warns

Gita Gopinath says global economy’s fragmentation into power blocs risks wipeout of trillions of dollars in GDP

The Hindu

PM talking up transformative GDP but what matters is annual growth rates over longer period: Congress

The Congress said that PM Modi and Finance Minister Nirmala Sitharaman are “repeatedly talking up” transformative GDP growth based on the recent July-September numbers but what matters more is annual growth rates over a longer period

The Hindu

Calibrating a strategy for India’s future growth

India’s future growth strategy needs to be calibrated in view of the changing global conditions

The Guardian - AU

Australia’s economy 2023 report: how it started v how it’s going

Stronger than expected population growth made inflation hardier than most experts predicted and property prices defied successive rate rises

The Hindu

India's GDP growth is reflection of transformative reforms of last 10 years: PM Modi

PM Modi said his government wants to turn the Gujarat International Finance Tec (GIFT) City into a global nerve centre of the new age global financial and technology services.

StockNews.com

Bearish or Bullish: Deciphering the 3 Best China Stocks for December

China, the world’s second-largest economy, exhibited resilience even in the face of several macroeconomic challenges. In this context, should investors invest in the shares of Chinese stocks: Alibaba Group (BABA), Weibo Corp (WB), and Autohome Inc. (ATHM)? Read on….

The Conversation

4 east African countries are going for nuclear power – why this is a bad idea

The east Africa region has the fastest growing population in Africa. Between 2013 and 2017, its growth rate was twice the African average. The region is also experiencing strong economic growth. It’s sub-Saharan share of GDP has risen from 14% in 2000 to 21% in 2022.

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