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The Latest Breaking News from GDP

Hit by Trump trade wars, U.S. economy falls 0.2% in first quarter, an upgrade from initial estimate

The U.S. economy shrank at a 0.2% annual pace from January through March, the first drop in three years, as President Donald Trump’s trade wars disrupted business, the government said Thursday in a slight upgrade of its initial estimate

The Independent UK

Stock Index Futures Rally on Tariff Ruling and Upbeat Nvidia Earnings, U.S. GDP Data and Fed Speak on Tap

June S&P 500 E-Mini futures (ESM25) are up +1.57%, and June Nasdaq 100 E-Mini futures (NQM25) are up +1.96% this morning as risk sentiment improved following upbeat earnings from Nvidia and after a federal trade court struck down U.S. President Donald Trump’s sweeping tariffs.

Barchart

Kate Forbes demands Westminster action as Scotland's economy shrinks

Scotland’s economy shrank in both February and March, figures show – although GDP as a whole increased over the first three months of 2025.

The National (Scotland)

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Nobel laureate Brian Schmidt is ‘scared’ about Australia’s research capacity – this is why

On Wednesday, Nobel laureate Brian Schmidt and economics professor Richard Holden gave a joint address to the National Press Club in Canberra. Their key message? Australia isn’t spending enough money on university research.

The Conversation

Has India really overtaken Japan to become world’s 4th largest economy?

IN FOCUS: Surpassing Japan’s GDP would be a significant milestone for the world’s most populous country, but experts say an Indian official’s claim might be premature. Either way, are such moments really a cause for celebration? Shweta Sharma reports from Delhi

The Independent UK

NATO set to commit to five percent defense spending goal amid threats from Trump

‘I assume that in The Hague we will agree on a higher defense spending target of in total five percent,’ said NATO Secretary General Mark Rutte

The Independent UK

IMF Report Spotlights St Kitts And Nevis' Need For Major Investment Project

With GDP growth stalling and tourism still below pre-pandemic levels, the IMF highlights the urgent need for a transformative investment project

International Business Times

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Trump is going to get 'punched in the face' by markets if he pushes through spending bill without a plan for national debt and tariffs, says Wharton professor

Republicans argue that growth is the best way to rebalance America’s books, but economists fear that tax cuts may be the final nail in the coffin for national debt.

Fortune

Trump’s latest Wall Street showdown pushes investor scepticism to the brink

US president’s One Big Beautiful Bill Act has rattled the bond market and will inevitably have global consequences

The Guardian - UK

‘Surprisingly good March’ helps German GDP exceed expectations

The German economy, Europe's biggest, grew by 0.4% in the first quarter thanks to stronger-than-expected exports and manufacturing.

Euronews

Can tourism be reimagined? New Saudi-led platform wants to future-proof global travel

Tourism is expected to contribute nearly €11 trillion – about 10 per cent of GDP – to the global economy this year.

Euronews

OECD growth slows abruptly to 0.1% in the first three months of 2025

The overall GDP growth of the 38 countries of the OECD, providing more than 40% of the global economy, slowed down substantially in the first quarter of 2025.

Euronews

Will EU deal make food cheaper, add $12bn to the UK economy?

PM Keir Starmer has heralded a ‘landmark deal’ seeking to reset ties between the United Kingdom and the European Union.

Al Jazeera

NZ Budget 2025: science investment must increase as a proportion of GDP for NZ to innovate and compete

A lack of strategy and research funding – by both the current and previous governments – has been well documented, most comprehensively in the first report by the Science System Advisory Group (SSAG), released late last year.

The Conversation

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Fortune

U.S. economy is experiencing 'death by a thousand cuts', says Deutsche Bank

Deutsche Bank's Jim Reid says Moody's recent debt downgrade continues a drip of bad fiscal news for the American economic outlook.

AAP

Full extent of Trump's tariff slap on economy revealed

The Reserve Bank predicts trade uncertainty will cause Australia's GDP to grow 0.3 percentage points lower in 2025, shaving $8 billion off the economy.

The Conversation

NZ Budget 2025: anything less than a 5% increase in health funding amounts to merely standing still

Minister of Health Simeon Brown claimed earlier this year that health funding in New Zealand has never been higher and that suggestions of underfunding are “fake news”.

The Guardian - UK

This new EU deal is great for Britain. Now, Labour, focus on the future, not on Farage

We are finally on a path to repair the colossal damage Brexit has done, says Guardian columnist Polly Toynbee

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news in one place.

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The Independent UK

Japan PM warns financial condition worse than Greece’s

Shigeru Ishiba says fiscal state not good as GDP shrinks

The Guardian - UK

How has Britain’s economy fared since Brexit? The five charts underpinning the UK-EU summit

Almost a decade after the referendum, there are challenges to be tackled at Monday’s gathering hosted by Keir Starmer

The Conversation

NZ Budget 2025: economic forecasting is notoriously difficult, but global uncertainty is making it harder

This year’s budget will be one of the tightest in a decade, with the New Zealand government halving its operating allowance – the new money it has available to spend – from NZ$2.4 billion to $1.3 billion.

The Independent UK

The £25bn-a-year prize at stake in Starmer’s Brexit reset talks with EU

A failure to land a deal for easier trading with the EU could cost the UK economy almost £30bn, new analysis shows

Evening Standard

FTSE 100 Live 16 May: Index progress continues, LandSec and Future fall on results

AstraZeneca and British American Tobacco today provided fresh support for the FTSE 100 index at the end of a positive week for global markets.

Barchart

‘Let’s Have That Industrial Revolution Type of Growth’: Microsoft CEO Satya Nadella Wants 10% GDP Growth From AI

Microsoft’s CEO doesn’t care about AI vanity metrics, he wants to see 10% GDP growth from the increased productivity.

International Business Times

NATO On Track To Strike Spending Deal To Please Trump

NATO appears headed for a compromise deal at a summit next month to satisfy US President Donald Trump's demand to spend five percent of GDP on defence, as heavyweights Germany and France got on board Thursday.

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