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The Latest Breaking News from GDP

US inflation cools to 2.5%, its lowest since February 2021 – as it happened

UK government’s £500m taxpayer-backed deal for steelworks secures long-term future of Port Talbot but unable to secure guarantees to save 2,500 jobs

The Guardian - UK

South Africa’s economy needs a shot in the arm, not austerity: 3 key areas where more public spending would get results

For the past 11 years the South African government has pursued a policy of austerity. In recent years, government has reduced per capita spending (adjusted for inflation) by significant amounts. Spending on public services, for example, health and education, for each member of the population has fallen since 2019, from…

The Conversation

Goldman Sachs: Harris better for economy

Analysts said that Trump's policies on issues from tariffs and immigration could cut into U.S. GDP

Salon

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read the most diverse news in one place.

Israel: 11 months of war have battered the country’s economy

After 11 months of war, Israel is facing its biggest economic challenge in years. Data shows that Israel’s economy is experiencing the sharpest slowdown among the wealthiest countries of the Organisation for Economic Cooperation and Development (OECD).

The Conversation

Now the Australian economy is on its knees, will the RBA finally start cutting interest rates?

So far we have not gone into recession – but only because our population has grown and the government has kept spending

The Guardian - AU

U.S. GDP May Rise Slightly Under Harris, Fall If Trump Returns: Goldman Sachs

Goldman Sachs, in a report, said that the GDP is likely to increase with a Harris administration and with Democrats controlling Congress.

International Business Times

AVIXA Report: Pro AV Growth Still Moderate Amid Tepid Macro Environment

Globally, the United States is a bright spot for GDP, but overall it's a soft macroeconomy.

AVNetwork

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What’s a recession – and how can we tell if we’re in one?

This article is part of The Conversation’s “Business Basics” series where we ask experts to discuss key concepts in business, economics and finance.

The Conversation

This is the weakest economy outside of a recession. Here’s what the GDP figures show

The latest national accounts show the Australian economy is struggling. It’s what you would expect after the sharpest series of interest rate rises on record, and is more or less what the Reserve Bank was trying to achieve to bring down inflation.

The Conversation

Australia’s economy fares better than expected but still weakest since early 1990s, excluding pandemic

June quarter GDP expanded by 1% from a year earlier, the Australian Bureau of Statistics said – slightly above forecasts

The Guardian - AU

Australia is about to get an economic health check. What do GDP figures mean and why are they important?

The numbers could mark the nadir in gross domestic product performance, while the RBA watches closely for cues to help time an interest rate cut

The Guardian - AU

African nations are losing up to 5% of their GDP per year with climate change, a new report says

A new report says African nations are losing up to 5% of their GDP every year as they bear a heavier burden than the rest of the world from climate change

The Independent UK

Dollar Moves Higher on Solid US Growth

The dollar index (DXY00 ) Thursday rose by +0.26%. The dollar moved higher Thursday on signs of US economic strength after weekly jobless claims fell more than expected, and Q2 GDP was revised higher on strength in consumer spending, a hawkish factor for Fed policy. The weakness in the euro...

Barchart

Dollar Gains on Strong US GDP

The dollar index (DXY00 ) today is up by +0.31%. The dollar is climbing today on signs of US economic strength after weekly jobless claims fell more than expected, and Q2 GDP was revised higher on strength in consumer spending, a hawkish factor for Fed policy. The weakness in the...

Barchart

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Barchart

Stocks Push Higher on US Economic Strength

The S&P 500 Index ($SPX ) (SPY ) today is up +0.48%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.35%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.95%. Stocks today are moderately higher after the US Q2 GDP was revised higher due...

The Guardian - AU

Unemployment is rising and Australia’s economy is weak – but don’t hit the recession alarm just yet

Are we headed for a recession? The answer is complex – although for young people it already feels like one

Latin Times

U.S. Latinas' contribution to the GDP continues to grow, now topping Florida's economy

The figure amounts to $1.3 trillion and has grown more than 50 percent between 2010 and 2021, according to a new report

The National (Scotland)

Kate Forbes hails Scottish GDP growth 'despite restraints of Brexit and devolution'

KATE Forbes has hailed new figures showing Scotland’s GDP growth in the second quarter of 2024 “despite the restrictions of the devolution…

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The National (Scotland)

Craig Dalzell: Here's my verdict on Keir Starmer's 'pain' speech

AHEAD of the reopening of the UK Parliament next week, Prime Minister Keir Starmer painted a bleak picture of a broken Britain that he plans to…

The Conversation

The leading alternative to GDP is languishing over a technical disagreement – with grave potential consequences

Many commentators believe that the world should move away from measuring economic success in terms of GDP growth. Yes, growth has brought prosperity and untold riches, but it has had significant negative side effects for the planet, including climate change, pollution and species extinction. None of these are captured in…

Top News

Latinas Boost U.S. Economy With Latinas Boost U.S. Economy With Top News.3 Trillion Contribution.3 Trillion Contribution

Latinas in the U.S. made a significant economic impact in 2021, contributing Latinas Boost U.S. Economy With Top News.3 Trillion Contribution.3 trillion to GDP and showcasing remarkable growth and progress.

The Guardian - UK

‘These ideas are incredibly popular’: what is degrowth and can it save the planet?

The post-growth movement says GDP is the wrong way to measure progress and we need a radical economic rewiring

The Guardian - UK

Pound hits two-year high against US dollar; White House ‘pressured’ Facebook on Covid-19 content – as it happened

Live coverage of business, economics and financial markets as Federal Reserve rate cuts drive US dollar lower

Barchart

GDP, Tech Earnings and Other Can't Miss Items this Week

The S&P 500 ($SPX) (SPY) had a strong finish to the week finishing 1.15% higher on Friday which was good for a 1.45% weekly gain.

Al Jazeera

Gaza war extends toll on Israel’s economy

Combat operations are straining Israel’s economy, leading to shrinking of the GDP and downgrading of sovereign rating.

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