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The Latest Breaking News from GDP

Could Rich vs. Poor Spending Habits Predict the Next Recession

Economic downturns often seem to catch everyday people off guard, but some warning signs might be hiding in plain sight. One area worth exploring is how the spending habits of the rich and the poor could predict the next recession. By looking at what, how, and when different groups spend…

The Free Financial Advisor

US Economy Roars Back With 3.3% Growth, Shrugging Off Trump Tariffs

The U.S. economy returned to form in the second quarter, growing at a 3.3% annualized pace —a sharp turnaround from the sluggish first quarter, which saw a 0.5% contraction as businesses scrambled to navigate the return of tariffs under President Donald Trump.

Benzinga

European NATO allies set to collectively reach 2% spending target for first time

The 2% of GDP guideline was instituted in 2014, but allies have recently pledged to up the target for core defence spending to 3.5% of GDP.

Euronews

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Stocks Muted Before the Open as Investors Digest Nvidia’s Stumble, U.S. GDP Data in Focus

September S&P 500 E-Mini futures (ESU25) are up +0.03%, and September Nasdaq 100 E-Mini futures (NQU25) are down -0.06% this morning, pointing to a muted open on Wall Street as investors digest Nvidia’s underwhelming earnings report.

Barchart

NATO Says All Countries To Finally Hit 2-percent Spending Goal

NATO on Thursday said all its members were finally set this year to hit the alliance's previous defence spending target of two percent of GDP -- as they gear up for a far more ambitious goal.

International Business Times

France on the brink: how a budget deficit became a political crisis

With the government facing defeat in a confidence vote, the nation’s economic problems will still need to tackled

The Guardian - UK

Forbes says GDP figures ‘encouraging’, despite slower growth than UK overall

Scotland’s economy grew by 0.2% in the second quarter of the year – below the 0.3% rise seen across the UK as a whole.

Evening Standard

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Commerce Secretary Lutnick: US GDP Statistics To Be Published On Blockchain

U.S. Commerce Secretary Howard Lutnick on Tuesday said the Department of Commerce will begin publishing its statistics on the blockchain, including gross domestic product (GDP).

Benzinga

US-India Resume Trade, Defense Talks As 50% Trump Tariffs Take Effect, Threatening Billions In India's GDP

U.S.-India held a virtual 2+2 Intersessional Dialogue on Monday, discussing a wide range of topics and exploring ways to enhance cooperation, as Trump’s 50% tariffs take effect on Wednesday.

Benzinga

Tax revenue as a share of GDP in Europe: Which countries collect the most?

Euronews Business takes a closer look at how much tax European countries collect and what share of their national outputs it represents. Among the top five economies, France records the highest ratio, while the UK has the lowest.

Euronews

Nature loss will cut UK GDP by 5% without action from private sector, say experts

Report finds regenerative approach could yield economic benefits while helping to meet environmental targets

The Guardian - UK

Trump’s tariffs are becoming such an important revenue source that they’re now propping up America’s debt rating

“At this time, it appears that meaningful tariff revenue has the potential to offset the deficit-raising aspects of the recent budget legislation.”

Fortune

3 Surprising Countries That Have Less Money Than Elon Musk

Elon Musk's staggering net worth tops the GDP of over 150 countries, highlighting global wealth inequality and the scale of individual fortunes.

GOBankingRates

Is Trump’s ‘Big Beautiful’ spending law the biggest tax cut in US history?

Trump’s 2025 law ranks third among tax cuts since 1980 and mainly extends old cuts, making its impact modest for most.

Al Jazeera

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Euronews

Germany’s GDP contraction worse than expected after tariff boost

The economy had seen a slight uptick at the start of this year as businesses sought to get ahead of tariffs, but the country has now slipped back into contraction territory.

Fortune

‘The nation’s finances have deteriorated’ since Trump took office, CRFB says, gaming out the scenarios up to a $28.5 trillion deficit

The baseline scenario shows cumulative deficits reaching $22.7 trillion by 2035, and that’s if everything goes according to plan.

The Guardian - AU

Giving Australians $2,700 tax back while widening GST could help generate $152bn windfall, economist says

Economist who modelled GST estimates his proposed tax reform would lift real GDP by 6%, boost business investment by 11% and increase the number of homes by 8%

Euronews

Eurozone business activity hits 15-month high in August

The eurozone's economy is gathering momentum as its latest business activity indicator, the flash composite PMI, increased in August, surpassing expectations. It was boosted by manufacturing, which expanded in the bloc for the first time since June 2022.

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Euronews

Who really pays for what in the war on Ukraine? A tale of three burdens

Euronews breaks down who is paying what — revealing the vast gulf between the economic strain on Ukraine and its allies.

Evening Standard

UK economy bigger than previously estimated by end of 2023 – ONS

The ONS said revised data showed that the economy was 2.2% bigger than its peak shortly before the coronavirus pandemic.

Euronews

Property tax across Europe: Which countries collect the most, and what’s their share of total tax?

Property tax policies vary across Europe. In some countries, such as the UK and France, property taxes make up a significant share of both GDP and total taxation.

The Guardian - UK

Could a wealth tax work in the UK? A visual guide

Rachel Reeves is under pressure to consider a new levy to help balance the books. We look at her options

TechRadar

Amazon's data center spend tops $100bn - more than the GDP of most countries

Amazon spends more than Luxembourg's entire GDP on data centers – more than Google, Microsoft or Meta.

Euronews

Japan's economy holds steady at half-year mark despite Trump tariffs

The country's GDP grew in the second quarter thanks to a rush of pre-tariff exports and a glut of international tourists.

Benzinga

Japan's Economy Grows Faster Than Expected, China Loses Momentum As Tariff Impact Looms: Nikkei Bounces, US Futures Mixed

Japan’s economy grew faster than expected during the second quarter, with GDP growing 1% on an annualized basis, ahead of median consensus estimates at 0.4%, and marking its fifth consecutive quarter of growth, based on the figures released on Friday.

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