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The Latest Breaking News from GDP

What Elon Musk's trillion would mean in real terms

Elon Musk is poised to become the world's first trillionaire. This unprecedented wealth accumulation follows the market debut of his company SpaceX. The article highlights the immense scale of a trillion dollars. It compares this sum to global economic indicators and everyday purchases. This development underscores a growing wealth gap.

The Economic Times

$1 trillion could buy millions of US homes. Here’s how to contextualize the mass wealth

This surge in extreme wealth occurs while more people worldwide struggle to pay everyday bills

The Independent UK

How much is the Government spending on defence compared to other priorities?

The government has pledged to allocate 3.5% of GDP to defence by 2035

The Independent UK

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The UK economy contracted by 0.1% in April

In the three months to April, GDP grew by 0.7 per cent, according to the Office for National Statistics

Evening Standard

Lagarde defends ECB interest rate hike as ‘robust across three scenarios’

Critics worry the decision to keep rates high could hit productivity and keep inflation from returning to target levels until 2027.

Euronews

John Healey resignation letter: what it said and what he meant

The note accompanying the defence secretary’s sudden departure was full of unspoken meanings UK politics live – latest updates

The Guardian - UK

Defence secretary John Healey’s resignation letter in full

He has accused Sir Keir Starmer of failing to properly fund the defence investment plan

The Independent UK

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Defence Secretary John Healey's resignation letter in full

In a letter to Sir Keir Starmer, Mr Healey said the Prime Minister had been ‘unable, and the Treasury has been unwilling, to commit the resources that the nation needs to defend the country at this time of rising threats’

Evening Standard

India's economic growth rate to weaken at 6.6% in FY27 on slower investments, consumption: BMI

India's economic growth is expected to moderate to 6.6 percent in the current fiscal year. This slowdown follows a robust 7.7 percent growth in the previous year. Weaker investments and consumption are key factors. Trade disruptions from the West Asia crisis also pose challenges. The Reserve Bank of India's growth…

The Economic Times

Thailand's misleading growth story

Thailand's quarterly GDP growth rate was 1.2% in the third quarter of 2025, rising to 2.5% in the fourth quarter and further to 2.8% in the first quarter of 2026, according to the National Economic and Social Development Council (NESDC).

Bangkok Post

Canada’s ‘AI for All’ strategy has ambitious growth targets, but it falls short on workers and the environment

Prime Minister Mark Carney unveiled Canada’s AI for All strategy on June 4, committing over $2 billion in new spending and targeting $200 billion in additional GDP growth and 250,000 new jobs by 2031.

The Conversation

Women-led development will add 2-3% to GDP: Petroleum Minister Hardeep Singh Puri

Union Petroleum and Natural Gas Minister Hardeep Singh Puri on Wednesday highlighted that shifting from "women-centric" to "women-led" development can significantly drive India's economic growth, will directly boost GDP growth by 2-3 per cent, as the Cabinet passed a resolution hailing Prime Minister Narendra Modi's 4,399 days in office.

The Economic Times

Rupee to average around 96/USD in FY27; risks from oil, dollar persist: Motilal Oswal

The Indian rupee is projected to average around 96 against the US dollar in FY27. However, this outlook faces potential challenges including dollar strength and crude oil price fluctuations. Despite a widening trade deficit, strong capital inflows and RBI intervention are expected to prevent a sharp depreciation.

The Economic Times

India's current account deficit to stand at 1.8% of GDP for FY27: ICICI Bank Global Market Report

India is expected to see a current account deficit of 1.8 per cent of GDP in FY27 as against around 2 per cent projected earlier. This adjustment follows a stable outturn in the external sector during the preceding fiscal year despite a widening trade deficit.

The Economic Times

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MyLifeXP

Modi Nears Nehru’s Record: The Economic Truth Nobody Talks About

Twelve years ago, India stood at a crucial crossroads. Growth was slowing, infrastructure gaps were visible, and millions remained outside the formal economy. Today, as Prime Minister Narendra Modi prepares to surpass Jawaharlal Nehru's record as India's longest-serving continuously elected Prime Minister, the country looks dramatically different. The numbers tell…

The Economic Times

12 years of PM Modi: India should not only be resilient but also be antifragile

India faces significant global uncertainty and external challenges. Despite strong economic growth and improved financial stability, domestic investment remains a concern. The nation's resilience is being tested by fluctuating oil prices and global protectionism. Prime Minister Modi's leadership and the collective will of India are crucial as the country navigates…

The Economic Times

"Don't buy the consumption story blindly", Sakshi Gupta of HDFC Bank issues a warning most investors are ignoring

HDFC Bank's Sakshi Gupta sees India's growth as resilient but incomplete, rating it a 6 out of 10. While acknowledging strong GDP, she cautions against blindly buying the consumption narrative, deeming it fragile. Gupta highlights the need for structural reforms to boost private investment and suggests foreign capital may return…

The Conversation

US defies forecasts of economic slowdown, but its growth isn’t making ordinary people better off

US economic growth is picking up again after a slowdown towards the end of 2025. According to price data released on May 28, US GDP grew by 1.6% year-on-year in the first quarter of 2026. This is despite energy prices rising and consumer confidence falling since the US president, Donald…

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The Economic Times

GDP growth momentum intact, no need for additional borrowing so far: Govt sources

India's economy is navigating external challenges like rising import costs. However, domestic consumption remains strong, ensuring growth momentum. Government sources indicate no immediate need for extra borrowing. Disinvestment and asset monetisation are being pursued to boost non-tax revenue. Macroeconomic data will be reassessed in July. Reforms to boost foreign investment…

The Economic Times

India scores 6-7/10 on growth durability, but the real problem runs deeper, says Nomura's Aurodeep Nandi

India's strong GDP growth hides underlying fragilities. Economist Aurodeep Nandi warns that without boosting domestic demand and investing heavily in research and development, India risks falling into the middle-income trap. Current growth relies on top-tier consumption and services exports. Manufacturing and private investment lag. This structural shift is crucial for…

The Economic Times

Fitch cuts FY27 growth projection to 6.4%; US-Iran war to slow down economy

Fitch Ratings has reduced India's GDP growth projection to 6.4 percent for the current fiscal year. The US-Iran war is expected to slow economic activity in the September and December quarters. Rising prices will dampen consumer spending. For FY28, growth is expected to pick up to 6.7 percent. Fitch also…

AAP

IEP - Record Conflicts Drive Peace to Historic Low as AI warfare surges

LONDON, June 9, 2026 /PRNewswire/ -- The 2026 Global Peace Index (GPI), released today by the Institute for Economics & Peace (IEP), reveals a world struggling with the economic consequences of a record-high number of conflicts that are increasingly interconnected and difficult to resolve. This deterioration is driven by a…

Bangkok Post

KKP sees 2% current account deficit in Q2

Thailand's current account is expected to register a deficit of around 2% of GDP in the second quarter before rebounding later in the year as global oil prices decline, according to Kiatnakin Phatra Financial Group (KKP).

Newsroom.co.nz

NZ’s double defence spend still not enough for the US

Today from The Detail: The US Secretary of War put NZ's defence spending in the spotlight last week, calling us 'freeloaders', and forcing a conversation about how much we spend and whether our government can justify it

The Economic Times

India’s growth faces crude and monsoon test as FY27 GDP seen moderating to 6.5%

India's economic growth is projected to slow to about 6.5 per cent in fiscal year 2027. Higher costs, global tensions and a potentially weak monsoon are key concerns. Despite these challenges, private spending and investment are expected to support growth above 6 per cent. The economy finished fiscal year 2026…

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