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The Latest Breaking News from GDP

What’s a recession – and how can we tell if we’re in one?

This article is part of The Conversation’s “Business Basics” series where we ask experts to discuss key concepts in business, economics and finance.

The Conversation

This is the weakest economy outside of a recession. Here’s what the GDP figures show

The latest national accounts show the Australian economy is struggling. It’s what you would expect after the sharpest series of interest rate rises on record, and is more or less what the Reserve Bank was trying to achieve to bring down inflation.

The Conversation

Australia’s economy fares better than expected but still weakest since early 1990s, excluding pandemic

June quarter GDP expanded by 1% from a year earlier, the Australian Bureau of Statistics said – slightly above forecasts

The Guardian - AU

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Australia is about to get an economic health check. What do GDP figures mean and why are they important?

The numbers could mark the nadir in gross domestic product performance, while the RBA watches closely for cues to help time an interest rate cut

The Guardian - AU

African nations are losing up to 5% of their GDP per year with climate change, a new report says

A new report says African nations are losing up to 5% of their GDP every year as they bear a heavier burden than the rest of the world from climate change

The Independent UK

Dollar Moves Higher on Solid US Growth

The dollar index (DXY00 ) Thursday rose by +0.26%. The dollar moved higher Thursday on signs of US economic strength after weekly jobless claims fell more than expected, and Q2 GDP was revised higher on strength in consumer spending, a hawkish factor for Fed policy. The weakness in the euro...

Barchart

Dollar Gains on Strong US GDP

The dollar index (DXY00 ) today is up by +0.31%. The dollar is climbing today on signs of US economic strength after weekly jobless claims fell more than expected, and Q2 GDP was revised higher on strength in consumer spending, a hawkish factor for Fed policy. The weakness in the...

Barchart

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Stocks Push Higher on US Economic Strength

The S&P 500 Index ($SPX ) (SPY ) today is up +0.48%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.35%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.95%. Stocks today are moderately higher after the US Q2 GDP was revised higher due...

Barchart

Unemployment is rising and Australia’s economy is weak – but don’t hit the recession alarm just yet

Are we headed for a recession? The answer is complex – although for young people it already feels like one

The Guardian - AU

U.S. Latinas' contribution to the GDP continues to grow, now topping Florida's economy

The figure amounts to $1.3 trillion and has grown more than 50 percent between 2010 and 2021, according to a new report

Latin Times

Kate Forbes hails Scottish GDP growth 'despite restraints of Brexit and devolution'

KATE Forbes has hailed new figures showing Scotland’s GDP growth in the second quarter of 2024 “despite the restrictions of the devolution…

The National (Scotland)

Craig Dalzell: Here's my verdict on Keir Starmer's 'pain' speech

AHEAD of the reopening of the UK Parliament next week, Prime Minister Keir Starmer painted a bleak picture of a broken Britain that he plans to…

The National (Scotland)

The leading alternative to GDP is languishing over a technical disagreement – with grave potential consequences

Many commentators believe that the world should move away from measuring economic success in terms of GDP growth. Yes, growth has brought prosperity and untold riches, but it has had significant negative side effects for the planet, including climate change, pollution and species extinction. None of these are captured in…

The Conversation

Latinas Boost U.S. Economy With Latinas Boost U.S. Economy With Top News.3 Trillion Contribution.3 Trillion Contribution

Latinas in the U.S. made a significant economic impact in 2021, contributing Latinas Boost U.S. Economy With Top News.3 Trillion Contribution.3 trillion to GDP and showcasing remarkable growth and progress.

Top News

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The Guardian - UK

‘These ideas are incredibly popular’: what is degrowth and can it save the planet?

The post-growth movement says GDP is the wrong way to measure progress and we need a radical economic rewiring

The Guardian - UK

Pound hits two-year high against US dollar; White House ‘pressured’ Facebook on Covid-19 content – as it happened

Live coverage of business, economics and financial markets as Federal Reserve rate cuts drive US dollar lower

Barchart

GDP, Tech Earnings and Other Can't Miss Items this Week

The S&P 500 ($SPX) (SPY) had a strong finish to the week finishing 1.15% higher on Friday which was good for a 1.45% weekly gain.

Al Jazeera

Gaza war extends toll on Israel’s economy

Combat operations are straining Israel’s economy, leading to shrinking of the GDP and downgrading of sovereign rating.

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The Conversation

Corruption holds small businesses back: Ghana study reveals two strategies to avoid the traps

Small and medium enterprises account for 95% of all registered businesses and contribute about 50% to the total GDP of countries in sub-Saharan Africa.

Fortune

An economic catastrophe is lurking beneath Russia’s GDP growth as Putin ‘throws everything into the fireplace’

An economic catastrophe driven by the fundamental flaws in Russia's current strategy is looming large as Ukrainian forces fight on Russian soil.

The Guardian - UK

GDP growth is strong but it masks UK plc’s deep-seated structural problems

Rachel Reeves must show how the Tories failed to tackle longstanding productivity, investment and trade deficits and stress how Labour can

Barchart

Stocks Muted Before the Open as Investors Await U.S. Economic Data and Fed Speak, Walmart Earnings on Tap

September S&P 500 E-Mini futures (ESU24) are up +0.01%, and September Nasdaq 100 E-Mini futures (NQU24) are up +0.15% this morning as investors awaited a flurry of U.S. economic data, remarks from Federal Reserve officials, and an earnings report from retail giant Walmart.

Barchart

Stocks Rise Before the Open as Investors Await U.S. Economic Data and Fed Speak, Walmart Earnings on Tap

September S&P 500 E-Mini futures (ESU24) are up +0.11%, and September Nasdaq 100 E-Mini futures (NQU24) are up +0.24% this morning as investors awaited a flurry of U.S. economic data, remarks from Federal Reserve officials, and an earnings report from retail giant Walmart.

Evening Standard

British economy grew 0.6% in the second quarter of the year

It was the second consecutive quarter of GDP growth following a 0.7% advance in the first three months of 2024

The Guardian - UK

UK economy continues recovery from recession with GDP growth of 0.6%

ONS data shows strong performance in second quarter with the service sector helping drive growth

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