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The Latest Breaking News from GDP

Reeves accused by Tories of ‘crashing the economy’ as output shrinks - live updates

Most economists had been expecting GDP to rise during October but it shrunk 0.1% for the second month running

The Independent UK

Labour reels from shock 0.1% fall in GDP in October

Rachel Reeves admits that the fall in output in the same month as the Budget is “disappointing”

Evening Standard

FTSE 100 Live 13 December: GDP shows surprise fall, Royal Mail fined £10.5m

Another dip in UK output today added pressure on the Bank of England to consider a back-to-back cut in interest rates.

Evening Standard

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UK’s economy shrinks unexpectedly by 0.1% in October

GDP figures underline scale of challenge for Labour to get the economy growing

The Guardian - UK

Financial Advisor Charles Wareham On Skyrocketing US Debt, Rising Taxes And What To Do With America's Retirement Plan

With a debt-to-GDP ratio of 122.84% and a recent hike in its interest expenses— now costing $1.133 trillion due to inflation and rising interest rates, the USA is spending 17% of its federal budget just to maintain its debt.

International Business Times

It’s not bigotry to worry about migration – the latest figures tell a complex story

Large parts of Britain would not function without migrants, but there are consequences for housing, GDP and productivity, says Guardian columnist Larry Elliott

The Guardian - UK

Newspoll returns to a tie after Coalition leads, but Labor has worst result this term in Resolve

A national Newspoll, conducted December 2–6 from a sample of 1,258, had a 50–50 tie, a one-point gain for Labor since the previous Newspoll in early November. Primary votes were 39% Coalition (down one), 33% Labor (steady), 11% Greens (steady), 7% One Nation (up two) and 10% for all Others…

The Conversation

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Fact check: Living standards pledge, National Insurance and plane crash image

Round up of fact checks from the last week compiled by Full Fact.

The Independent UK

NATO Urges European Allies To Increase Defense Spending

NATO calls for increased defense spending in response to Russian threats and U.S. pressure to ensure regional peace and stability.

Top News

What do the latest GDP figures tell us? That the RBA is still getting it very wrong

It’s time the reserve started undoing the damage it’s done before even public spending can’t keep the economy growing

The Guardian - AU

UK interest rates to fall more slowly than expected after Budget – OECD

The global economics body also increased its GDP forecast for next year on the back of higher public spending from the Budget.

Evening Standard

Australians still feeling pain in the hip-pocket but there are positive signs of growth ahead

Australia’s economic growth remains in the slow lane, at only 0.3% for the September quarter, keeping Australia close to recession territory.

The Conversation

Interest rate cut hopes rise and Australian dollar slumps after GDP expands by a weak 0.3%

Per capita GDP continued to decline for seventh consecutive quarter as population grew, ABS data shows

The Guardian - AU

Poland's GDP Set for Growth in 2025 as EU's Fastest Economy

Poland’s GDP is set to expand further in 2025, cementing its position as the European Union’s (EU) fastest-growing economy.

Benzinga

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Benzinga

Trump's Tariff Plan Risks Economic Pain For North America, Goldman Sachs Warns

Goldman Sachs warns that Trump's proposed 25% tariffs on Canada and Mexico could cause economic turmoil, with GDP shrinkage and inflation.

Latin Times

Venezuela's 'Pearl Of The Caribbean' Loses Its Luster

An 80-percent drop in GDP over a decade of increasingly repressive rule by strongman President Nicolas Maduro between 2013 and 2023 pushed more than seven million Venezuelans -- almost a quarter of the population -- to seek a better life elsewhere.

Evening Standard

Truong My Lan: Death sentence upheld for Vietnamese property tycoon over massive fraud

Truong My Lan had been convicted in April of embezzlement and bribery over the fraud amounting to 12.5 billion dollars, nearly 3% of Vietnam's 2022 GDP

Evening Standard

Why Trump's tariffs may not end up so bad for the UK after all

While the threatened tariffs may mean the US buys fewer UK goods, it may also mean the US buys more UK services.

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news in one place.

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The Conversation

In a sluggish Europe, Poland stands out and is aiming to become a key player

With its strong economic growth for a western country, added to its desire to play a greater military role within NATO, Poland is poised to become a key player in Europe.

Latin Times

Texas Faces $160B GDP Loss by 2030 if Water Infrastructure Investments Are Not Made, Report Finds

The report also projects a water supply deficit of nearly 6.9 million acre-feet by 2070—enough to serve 20.7 million households annually

The Independent UK

Trump’s tariffs in his first term did little to alter the economy. This time things could be very different

The total tariffs collected in the United States was less than 0.3% of the GDP in 2019, during Trump’s first term

The Independent UK

US economy grows at 2.8% pace in third quarter on consumer spending, unchanged from first estimate

The American economy expanded at a healthy 2.8% annual pace from July through September on strong consumer spending and a surge in exports, the government said Wednesday, leaving unchanged its initial estimate of third-quarter growth

Barchart

Dollar Weakens as the Euro and Yen Rally

The dollar index (DXY00 ) Wednesday fell by -0.86% and posted a 2-week low. Strength in the euro and the yen on Wednesday undercut the dollar. Also, Wednesday’s mixed US economic news pushed T-note yields lower, weakening the dollar’s interest rate differentials. US Q3 GDP was unrevised at 2.8% (q/q...

The National (Scotland)

Kate Forbes says economy 'recovering steadily' as Scottish GDP growth beats UK

KATE Forbes said Scotland's economy is "recovering steadily" as new figures showed GDP grew by 0.3 between August and September ...

Barchart

Dollar Falls with Bond Yields

The dollar index (DXY00 ) today is down by -0.67%. Strength in the euro and the yen today is weighing on the dollar. Also, today’s mixed US economic news pushed T-note yields lower, weakening the dollar’s interest rate differentials. US Q3 GDP was unrevised at 2.8% (q/q annualized) right on...

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