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The Latest Breaking News from GDP

Australia is on the brink of recession. So why does the RBA think we are spending too much?

Are we in a recession? No. But cripes, we may as well be

The Guardian - AU

From Utah to Texas, here are the states with the best economies in the U.S., and the worst

As the U.S. continues to hold the spot for largest economy in the world, here are the states with the strongest economies across the country.

Latin Times

Afternoon Update: economic growth stalls; eSafety commissioner drops X case; and News Corp ‘not obsessed’ with ABC

GDP growth falls to just 0.1% in the March quarter as high interest rates drag on economy

The Guardian - AU

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GDP growth falls to just 0.1% as household cutbacks put handbrake on Australia’s economy

Annual economic growth is down to 1.1%, lower than economists predicted, ABS GDP figures show

The Guardian - AU

Election 2024: polling shows voters don’t believe the tax pledges – here’s how the numbers stack up

The two main parties contesting the UK general election have been unusually cautious on their spending plans, despite urgent calls for more public funding to tackle crises in housing, social care and the environment.

The Conversation

OPINION - We’re stealing from the young to give to the old — politicians should raid pensions

It’s a frustration of mine that I often get the feeling people don’t seem to understand how on edge we are financially as a country. At the end of 2023/24 public sector net debt was £2.6 trillion, which is a staggering 98% of GDP. The interest the government has to…

Evening Standard

Immigration must be matched with investment in UK infrastructure to ease pressures

Net migration has benefits but has done nothing to address downward trend in per capita GDP

The Guardian - UK

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US Economy Grows At Sluggish 1.3% Rate In Q1

Explore the impact of slow GDP growth, high inflation, and uncertain future projections on the U.S. economy in Q1 2022.

Top News

Fresh Economic Data Raises Questions About Fed Rate Cuts

The U.S. economy received some mixed news from fresh data released Thursday, including slight changes in inflation rates, jobless claims and gross domestic product (GDP).

International Business Times

Stocks Slip Before the Open as Risk Mood Sours, U.S. GDP Data and Earnings in Focus

June S&P 500 E-Mini futures (ESM24) are down -0.39%, and June Nasdaq 100 E-Mini futures (NQM24) are down -0.42% this morning as U.S. Treasury yields hovered near the highest levels of the year, weighing on the risk mood, while investors braced for a slew of U.S. economic data, remarks from…

Barchart

Don't blame central bankers — economic predictions are hard

City Voices: Independent central banks remain key to economic stability

Evening Standard

Bank fined after trader makes $444 billion 'fat finger' error

The error, worth more than the GDP of Denmark, was partially blocked by Citigroup, but almost $200 billion worth of shares were still sent to a trading algorithm

Evening Standard

The Scottish Government can't grow the economy within this Westminster system

This week, I address the lack of economic levers available to the Scottish Government as it seeks economic growth.

The National (Scotland)

A drop in global GDP would be good for the planet

Letter: A reduction in the consumption of carbon-intensive products and services is not something to complain about, writes Terry Cannon

The Guardian - UK

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Evening Standard

OPINION - An improving economy won't save the Tories

It doesn't seem fair. When the economy is tanking, the government gets the blame. When it recovers, voters tend to give short shrift. Just ask John Major, who couldn't even convince one in three Britons to support the Conservatives in 1997 despite overseeing 22 consecutive quarters of GDP growth and…

Dynamite News

GDP growth likely to be 6.7 pc in Q4; 7 pc in FY24: Ind-RA

India Ratings and Research expects the country's GDP growth rate for the March quarter at 6.7 per cent and around 6.9-7 per cent for the 2023-24 fiscal. Read further on Dynamite News:

The Guardian - US

Economic damage from climate change six times worse than thought – report

A 1C increase in global temperature leads to a 12% decline in world gross domestic product, researchers have found

Top News

South Korea's GDP And Inflation Forecasts Raised By Think Tank

Korea Development Institute raises GDP and inflation forecasts, signaling economic growth and resilience in South Korea.

International Business Times

Japan Economy Suffers Worse-than-expected Contraction Of 0.5%

Japan's economy suffered a worse-than-expected contraction in the first quarter, official data showed Thursday, in further bad news for its unpopular government.

Reason

The YIMBY Napkin

Checking the credibility of Hsieh-Moretti the lazy way. Third in a series of guest-blogging posts.

Evening Standard

Jeremy Hunt hails wage rises outstripping inflation for 10th month in a row as economy bounces back

Official figures on the ‘wages recovery’ come just days after GDP growth jumped 0.6% in first three months of the year

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