The Latest Breaking News from GDP

Amid spending pressures and slow development, the International Monetary Fund warns of a growing global debt crisis, projecting $100 trillion in debt by 2024 and 93% of GDP by 2030.

Prime Minister Keir Starmer has promised to “rip out the bureaucracy that blocks investment” in the UK. He was speaking at his government’s first international investment summit, an attempt to encourage the finance and business worlds to put more money into the country.

France's Prime Minister Michel Barnier will hold a cabinet meeting this Thursday where he'll unveil his budget plan for 2025. His bid to reduce the deficit from 6.1 percent of GDP will be looked at closely on international bond markets and by the country's disparate political forces. Also in this…

Hurricane Milton's projected impact on the US economy includes job losses, reduced GDP, and disruptions in various sectors.

In September 2024, the Federal Reserve made a surprising move by slashing interest rates by 50 basis points—a bigger cut than most economists had predicted. While rate cuts are usually a sign of an economic slowdown, U.S. GDP remains relatively strong, leaving many market watchers puzzled. So, why the rate...

Latinas' economic output surpasses the entire economy of Florida and places Latina economic output behind only California, Texas, and New York.

The French government plans to subject the budget to a €60 billion belt-tightening drive next year in the hope of bringing the deficit down to 5 percent of GDP from an estimated more than 6 percent this year. Two-thirds of that sum are to come from spending cuts, and the…

A year of conflict between Israel and Hamas has resulted in a "devastating impact on the economy" in the occupied West Bank and Gaza, the IMF said Thursday, including a nearly 90 percent drop in Gaza's GDP. "Preliminary official estimates indicate an 86 percent decline in GDP in the first…

Liberia, with a population of just over 5.6 million people, is one of the world’s ten poorest countries, with a GDP per capita of US$662.50. The lingering effects of two civil wars (1989-2003), Ebola outbreaks (2014-2015) and the COVID-19 pandemic (2020) have left Liberia short of achieving widespread development goals.…