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The Latest Breaking News from GDP

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.

Evening Standard

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.

Euronews

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

The Guardian - UK

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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.

TechRadar

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.

Euronews

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.

Benzinga

Japan Posts Modest Growth Despite US Tariffs

Japan eked out modest growth in the second quarter despite painful US tariffs, official data showed Friday, in welcome news to embattled Prime Minister Shigeru Ishiba.

International Business Times

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Stocks mixed despite GDP surprise amid hot US producer price inflation

The FTSE 100 index closed up 12.01 points at 9,177.24.

Evening Standard

Is Wellbeing Economics the only way to generate economic growth?

I WANT to dispel a huge myth about the Wellbeing Economic Approach and that is that it involves de-growth ...

The National (Scotland)

AI spending added 0.5% to GDP growth, and the Magnificent 7 stocks are driving the market

The S&P 500 is up 10% this year, driven largely by tech companies that are spending heavily on AI.

Fortune

Stocks Muted Before the Open With Key U.S. PPI Data in Focus

September S&P 500 E-Mini futures (ESU25) are down -0.02%, and September Nasdaq 100 E-Mini futures (NQU25) are down -0.08% this morning, taking a breather after recent gains, while investors look ahead to crucial U.S. producer inflation data for insight into how aggressively the Federal Reserve may cut interest rates.

Barchart

UK economy grew despite Trump tariffs causing three-year low in US goods exports – business live

Live, rolling coverage as surprise GDP acceleration in June helps quarterly output beat expectations, while eurozone industrial production slumps

The Guardian - UK

UK economy posts surprise 0.3% growth in three months to June

GDP figure slower than previous quarter but beats expectations thanks to 0.4% expansion in June

The Guardian - UK

FTSE 100 Live 14 August: Insurers Aviva and Admiral rally after results, GDP growth beats hopes

A surge for Admiral and Aviva was today offset by falls for ex-dividend stocks HSBC and BP as the FTSE 100 index failed to benefit from the UK’s GDP surprise.

Evening Standard

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The Guardian - UK

Mould, vermin and ceiling leaks: German police say they work in ‘embarrassing’ conditions

Union calls for increased spending to revamp vehicles and station houses that it says are an insult to officers’ dignity

The Conversation

No one holds the government to account on spending. We need a budget watchdog that can bite

Treasurer Jim Chalmers has made budget sustainability one of the key pillars of the reform roundtable to be held next week.

The Guardian - UK

Spain’s economy is the envy of Europe, but the plight of its strawberry pickers tells another story

Its migrant-powered GDP growth is lauded. If only the people who pick its fruit could be treated with dignity and respect, says Tone Sutterud, a human rights and environment journalist and translator

Evening Standard

Rachel Reeves should exempt defence pledge from budget rules, says Gordon Brown

The former chancellor said the commitment to spend 5% of GDP by 2035 should be treated as ‘exceptional’.

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news in one place.

100's of premium titles.
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International Business Times

Major Climate-GDP Study Under Review After Facing Challenge

A blockbuster study published in top science journal Nature last year warned that unchecked climate change could slash global GDP by a staggering 62 percent by century's end, setting off alarm bells among financial institutions worldwide.

Fortune

Spending on AI data centers is so massive that it’s taken a bigger chunk of GDP growth than shopping—and it could crash the American economy

As Rusty Foster, author of the widely read media blog Today in Tabs, puts it: “Our economy might just be three AI data centers in a trench coat.”

Latin Times

Republican Rep. Claims GDP In Ruby Red State Plummeted In The First Quarter Due To Trump Admin Policies: 'Troubled Economic Mess'

Republican Rep. Don Bacon said the GDP in Nebraska has dropped by 6% in the first quarter of the year, claiming that "it's all about trade"

The Guardian - UK

China’s industrial policy is creating instability at home and abroad

Overcapacity – from electric vehicles to high-speed rail to housing – is destroying profits as well as GDP

The Conversation

Some taxes are inefficient at any level. Even modest reforms will help

Australia’s tax system has come under scrutiny again ahead of the government’s reform roundtable later this month. Economists argue we could raise the same revenue with less economic harm by relying more on efficient taxes and less on inefficient ones.

Fortune

China’s fertility crisis is so dire, rates are falling below ‘replacement levels,’ and GDP could slow by more than half in the next 30 years, study says

According to a new report from Oxford Economics, the potential output growth for China could fall from around 4% in the 2020s to less than 2% by the 2050s.

The Independent UK

Early modelling reveals the impact of Trump’s new tariffs on global economies

As US warehouses run down inventories and stockpiles, there could be a rocky road ahead

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