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The Latest Breaking News from GDP

Defence secretary appears unenthused by Liz Truss spending pledge

Ben Wallace says he wouldn’t be able to immediately spend extra cash promised by Tory leadership candidate

The Guardian - UK

Russian gas shutoff would send some EU countries into recession, IMF warns

Fund says GDP in Hungary, Slovakia and Czech Republic would fall by up to 6%, with Italy, Germany and Austria also hit hard

The Guardian - UK

Truss targets Mordaunt with pledge to raise UK defence spending

Foreign secretary says she would up defence budget to 3% of GDP by 2030 and rethink size of armed forces

The Guardian - UK

From analysis to the latest developments in health,
read the most diverse news in one place.

With inflation rising in Australia, an uncomfortable truth is we waste a lot of what we have

Buying less may not directly translate into GDP. But it would have benefits for our planet and ease some of the supply-side inflationary pressures

The Guardian - AU

3 Consumer Discretionary Stocks to Trade Despite Higher Prices

Consumer discretionary goods have been bearing the brunt of GDP growth contraction and declining consumer sentiment. However, the sector has still managed to outperform the broader market. Therefore, quality consumer discretionary stocks Mannatech (MTEX), Pandora (PANDY), and The Procter & Gamble (PG), which are rated Buy in our proprietary rating…

StockNews.com

FTSE 100 Live: China GDP reveals Covid impact, Burberry shares slide

China’s Covid lockdowns slowed the country’s GDP growth to 0.4% in the second quarter, weaker-than-expected figures revealed today.

Evening Standard

Company insolvencies jump 40% in England and Wales; China’s growth slumps – as it happened

Pandemic and economic uncertainty caused by Brexit have added to pressures on businesses, insolvency expert says

The Guardian - UK

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How does GDP differ by state?

Five states, including California and Texas, contribute about 41% of US GDP.

USAFacts

How does Gross Domestic Product differ by state?

Five states, including California and Florida, each contributed over $1 trillion to the national gross domestic product in 2022.

USAFacts

Pound suffers as American inflation spike spooks currency markets

The Bank of England has space for more aggressive rate rise due to positive GDP figures

Evening Standard

Energy-producing states lag in latest economic numbers

Amid worries about a possible recession, energy-producing states had the biggest drops in GDP during the first quarter of this year, despite skyrocketing oil and gas prices, new government figures show.

Tribune News Service

The Standard View: GDP rebounds but Tory leadership hopefuls must set out plan for growth

After a long day of cajoling fellow MPs, Tory leadership candidates may have been cheered by some unexpected economic good news. GDP rose by 0.5 per cent in May, raising the prospect that the UK can avoid a recession.

Evening Standard

UK economy returns to growth thanks to holiday boom and GP visits

GDP rose by 0.5% in May after revised 0.2% decline for April, says ONS

The Guardian - UK

UK GDP rises by 0.5 per cent in May

Increase in output was bigger than expected in the City

Evening Standard

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The Guardian - UK

US inflation hits new 40-year high; euro dips below dollar for first time since 2002 – as it happened

Stocks fall after US inflation jumps to 9.1%, as UK economy grows faster than expected by 0.5% in May

StockNews.com

The 5 Most Active Stocks to Watch Right Now

As many economists are cutting down GDP forecasts for the second quarter, market uncertainties are expected to increase. Therefore, one could consider investing in stocks showing resiliency and trading at high volumes. Clovis Oncology (CLVS), Advanced Micro Devices (AMD), Roblox (RBLX), Ford Motor (F), and Marathon Digital (MARA) have been…

The Times of India

Current account deficit likely to touch $105 billion this fiscal: Report

MUMBAI: The country's current account deficit is likely to touch $105 billion or 3 per cent of the GDP this fiscal, mainly due to continuously widening trade deficit, according to a report.

The Independent UK

Grant Shapps vows to increase defence spending to 3% of GDP

The Transport Secretary’s Tory rival Rishi Sunak is preparing to launch his bid for No 10 with a pledge to cut taxes.

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The Independent UK

Jeremy Hunt pledges defence spending hike to 3% of GDP

The Tory leadership hopeful said cuts to the Army are ‘unthinkable’ as he promised to cancel them in the face of Russian aggression.

Evening Standard

The Standard View: So, Rishi, Liz, Sajid, Suella, Jeremy, Kemi, Penny, Grant, Nadhim and Tom: Where’s the money to cut tax coming from?

Perhaps the most useful thing the candidates for the Tory party leadership might do over the next few days is to read the sobering report last week by the Office for Budget Responsibility. That report points out that “at over 90 per cent of GDP, public debt is now more…

Asharq Al-Awsat

UAE Sees 47% Growth in Non-Oil Exports

Dubai Ruler Sheikh Mohammed bi Rashid Al Maktoum, UAE Vice President and Prime Minister, chaired the cabinet session held at Qasr Al Watan in Abu Dhabi on Thursday. He announced that the UAE’s non-oil exports grew by 47%, the foreign direct investment flow increased by 16%, and the number of…

360info

The Pacific’s spiralling debt – and what governments can do about it

Rising debt and declining income seem to add up to an austere future for Pacific Island nations. But belt-tightening may make things worse.

The Guardian - UK

UK’s ‘unsustainable’ debt could reach 320% of GDP in 50 years, OBR warns

Taxes ‘must be raised to offset mounting cost of ageing population and falling fuel income’

The Independent UK

Spain boosts military spending to close gap with NATO goal

Spain is increasing military spending as it works toward meeting a NATO commitment by dedicating 2% of gross domestic product to defense

Bangkok Post

Committee revises up GDP growth forecast

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has revised up its 2022 GDP growth forecast to at least 2.75%, up from 2.5%, but soaring inflation remains a wild card.

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