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The Latest Breaking News from GDP

Has Marles bowed to Trump’s wishes on defence spending? The figures are as clear as mud

The defence minister insists that increases in spending did not happen because of thinktanks, retired generals ‘or washed-up bureaucrats’

The Guardian - AU

India Is No Longer In The Top 5, But Experts Still See A Top 3 Economy Ahead

That sounds like a setback, but the actual story is more complex than a simple “India fell behind.” The ranking is based on nominal GDP in US dollars, not domestic purchasing power or local-currency growth. So a country can keep growing at home and still fall in the global table…

Times Life

Donald Trump's Iran war threatens to torpedo London's economic uplift, warn business chiefs

The latest GDP figure shows an unexpected boost to growth before the Iran war kicked off

Evening Standard

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IMF chief Georgieva warns ‘everyone will feel the impact’ of energy price shock, as UK growth beats forecasts – as it happened

There will be flight cancellations ‘soon’ if oil supplies are not restored in coming weeks, says head of IEA

The Guardian - UK

Albanese government will commit to boosting defence spending to 3% of GDP, but under a revised definition

The Albanese government will increase defence spending to about 3% of GDP by 2033 in its 2026 National Defence Strategy to be unveiled on Thursday.

The Conversation

Labor to boost defence spending by $53bn over next decade – but plan still short of Donald Trump’s demands

New strategy to be unveiled by Richard Marles will see defence spending rise to about 2.4% of GDP – but US president has urged allies to spend 3.5%

The Guardian - AU

2% Inflation Is Holding the Federal Reserve Hostage: This Is What the Stock Market Desperately Needs to Keep Growing

If the Fed refuses to allow inflation to linger at 3%-4%, the stock market will become dehydrated and eventually stop growing altogether.

Barchart

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Guns over people: Rising military spending is eroding quality of life around the world

As Canada celebrates meeting the North Atlantic Treaty Organization (NATO) target of spending two per cent of GDP on defence, it’s important to remember this spending isn’t counted within the concept of what’s known as social GDP, an alternative metric focused on measuring a nation’s social development, well-being and sustainability…

The Conversation

‘It’s time for China and India to really start providing foreign aid’

INTERVIEW: Exclusive: In a wide-ranging interview, the head of the Norwegian Refugee Council also warns that potential plans by Nato nations to boost military spending to five per cent of GDP are a ‘major strategic mistake’

The Independent UK

EU’s largest economies vs top US states: How do they compare in GDP?

Top EU countries and US states appear one after the other in economic size rankings. However, US states surpass the top EU economies in GDP per capita, both in nominal terms and purchasing power.

Euronews

Dollar Falls in Hopes of De-escalation of Middle East Hostilities

The dollar index (DXY00 ) fell by -0.36% on Thursday and held just above Wednesday's 4-week low. Weaker-than-expected US economic news on Thursday weighed on the dollar. Q4 GDP was unexpectedly revised lower, Feb personal income and spending rose less than expected, and weekly jobless claims rose more than expected...

Barchart

Dollar Slips on Weak US Economic News

The dollar index (DXY00 ) is down by -0.24% today and just above Wednesday's 4-week low. Weaker-than-expected US economic news today is weighing on the dollar. Q4 GDP was unexpectedly revised lower, Feb personal income and spending rose less than expected, and weekly jobless claims rose more than expected to...

Barchart

Stocks Slip Before the Open as Oil Rebounds Amid Fragile U.S.-Iran Ceasefire, PCE Inflation and GDP Data in Focus

June S&P 500 E-Mini futures (ESM26) are down -0.31%, and June Nasdaq 100 E-Mini futures (NQM26) are down -0.25% this morning as oil prices advanced amid waning optimism about the U.S.-Iran ceasefire.

Barchart

The ticking time bomb buried in Trump’s 2027 budget

$7.8 trillion in extra revenue, GDP growing at 3%, vanishing deficits, and a 42% defense hike—to skeptics Trump’s math just isn’t adding up.

Fortune

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Fortune

Trump, the $39 trillion national debt, rosy growth assumptions and the question of 'a sustainable path'

The White House is betting 3% GDP growth will shrink the deficit—but faster growth would likely drive up interest costs on the $39 trillion national debt.

The Times of India

Saudi Arabia’s Al-Jubail oil facility hit; key industrial hub accounting for 7% of GDP impacted

Saudi Arabia said on Tuesday it intercepted and destroyed seven ballistic missiles launched toward the Kingdom’s Eastern Region, adding that assessments were under way to determine any damage.

Euronews

GDP per capita in purchasing power: Which were Europe's richest and poorest countries in 2025?

Gross domestic product per capita in purchasing power standards varies significantly across Europe in 2025. One in three people in the EU lives in a country where GDP per capita in PPS is above the EU average.

Euronews

€500 billion-worth European data economy troubles continue

As AI grabs the spotlight, Europe’s data economy still powers billions in value, yet fragmented GDPR enforcement continues to hold innovators back. The Digital Omnibus was meant to help, but the EU now risks retreating from even modest reform.

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Barchart

Iran War, Inflation Reading and Key Things to Watch this Week

Markets enter a critical week following Friday's Good Friday employment report that will be digested through Sunday evening futures reactions, while focus shifts to a busy economic data schedule culminating in dual inflation readings—Thursday's February Core PCE Price Index and Friday's March CPI both at 8:30am.

Fortune

Trump just raised the $39 trillion national debt with the largest budget hike since World War II—and nobody can figure out how to pay for it

“MAGA was told an untruth by Trump—no foreign wars, no adventurism,” Steve Hanke told Fortune. “This is a massive militarization.”

Euronews

Public holidays: How much does a day off cost in Europe?

Europe takes double-digit public holidays a year on average — but as Denmark showed when it axed one to fund its military, every day off has a price tag.

The Independent UK

Trump’s war with Iran could see fuel rationing and global recession within months, experts warn

Prolonged disruption would slow world GDP growth to 1.4 percent in 2026, Oxford Economics warns

Euronews

Iran war pushes Germany's deficit to 4.2% as growth outlook is cut by 50%

Germany's top economic institutes say the Iran war is exposing structural weaknesses that predate the conflict — and warn that without reform, the country risks permanently underperforming its growth potential.

Fortune

A Wall Street vet’s Walmart recession indicator just hit its highest point since 2008—and he says the fear ‘just keeps multiplying’

Jim Paulsen’s “Walmart Recession Signal” has tracked closely with downturns in real GDP growth and unemployment spikes.

The Independent UK

Four million people across the Gulf could be pushed into poverty by war in Iran, UN warns

The worst-affected would be in GCC countries and in the Levant, with each region set to lose more than 5.2 percent of their GDP

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