The Latest Breaking News from GDP

Many observers, including NATO’s official communications site, hailed June’s NATO summit as “historic”, primarily due to a landmark pledge by core member states to increase defence spending to 5% of GDP by 2035 – a significant shift from the current target of 2%.

It is late July, and New Zealand is slowly receiving economic data from the June quarter. Inflation has hit a 12-month high, for example, confirming what many already suspected. But the country is still nearly two months away from getting figures on economic activity – namely, gross domestic product (GDP).

The UK’s decision to leave the European Union has left lasting impacts on the country’s economy. While many of the repercussions appear to be longstanding, including low productivity, Euronews Business asked experts whether they think the worst is over.

Historically, UK spending on defence has often been pitted against welfare, education and local government. But at a time when the government has pledged to meet Nato’s target for defence spending – 5% of GDP in the next decade, up from around 2.3% – it appears to be offering a…

What are you doing to enjoy this summer to the max?

Gloomy economic figures have heaped more pressure on the British government and its promise to improve growth. And if that wasn’t enough, there have also been some stark warnings about public finances and the country’s ability to service its debts.

Trump's threat of a 30% tariff on EU goods from 1 August puts Europe’s bullish growth narrative at risk. With investors heavily positioned in eurozone assets, Goldman warns of a 1.2% GDP hit, raising fears of a sharp reversal if tensions escalate.

China’s economy expanded by 5.2% in the second quarter of 2025, slightly better than expected and just enough to spark cautious optimism in global markets. Although the number exceeds the 5.1% economists forecast, according to a Reuters poll, it also represents a slight deceleration from Q1’s 5.4% rate, as cited…

France’s public deficit hit 5.8% of GDP in 2024, totalling €168.6 billion, a figure well above the maximum allowed by EU rules.