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The Latest Breaking News from GDP

Jeremy Hunt hails wage rises outstripping inflation for 10th month in a row as economy bounces back

Official figures on the ‘wages recovery’ come just days after GDP growth jumped 0.6% in first three months of the year

Evening Standard

Brace for Big Tax Hikes in 2026 Unless Congress Acts

The Tax Cuts and Jobs Act expires at the end of 2025, with a high price tag for most Americans.

'Finally a good news story for the UK' as GDP grows at fastest pace in more than two years

The City was basking in a rare glow of “genuinely strong” economic news today

Evening Standard

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Stock Index Futures Climb as Fed Rate Cut Hopes Grow, Fed Speak and ECB Minutes in Focus

June S&P 500 E-Mini futures (ESM24) are up +0.40%, and June Nasdaq 100 E-Mini futures (NQM24) are up +0.44% this morning after three major U.S. benchmark indices ended the regular session in the green as higher-than-expected applications for U.S. unemployment benefits bolstered the case for rate cuts, with investors looking…

Latest GDP figures offer some better news – but boom-boom Britain it ain’t

While the government will seize on any crumbs of comfort it can find, the bigger picture on growth tells a different story

The Guardian - UK

UK Exits Recession With 0.6% GDP Growth

UK emerges from recession with 0.6% GDP growth, exceeding expectations and signaling potential economic recovery.

FTSE 100 Live 10 May: UK exits recession as GDP grows faster than thought, index at another record

A forecast and recession beating GDP figure of 0.6% today showed the UK’s strongest expansion in over two years.

Evening Standard

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Britain's recession is officially over as economy grows faster than expected in first quarter

GDP was 0.4% higher in March and up 0.6% in the first quarter as a whole

Evening Standard

FTSE 100 hits new closing high after UK economy escapes recession with fastest growth since 2021 – as it happened

FTSE 100 hits new closing high after UK economy escapes recession with fastest growth since 2021 – as it happened

Short, shallow recession is over, as UK economy grows faster than forecast in January-March quarter, by 0.6%, fastest quarterly growth in over two years

The Guardian - UK

Saudi forces given 'licence to kill' to clear way for $500billion development

A colonel in the Saudi army has claimed a villager was shot dead protesting against a huge project to boost the country’s GDP

Evening Standard

UK's Cameron Urges NATO Countries To Boost Defence Spending

UK's Cameron Urges NATO Countries To Boost Defence Spending

UK Foreign Secretary David Cameron on Thursday urged NATO partners to soon start spending 2.5 percent of GDP on defence, during a major speech in which he called for a more muscular approach to Western foreign policy.

International Business Times

Mexico Needs American Corn Farmers Over Protectionism

Mexico Needs American Corn Farmers Over Protectionism

Under such an import ban, food insecurity levels could double or even triple in the nine poorest Mexican states. Mexico's GDP could fall by nearly $12 billion over 10 years.

International Business Times

Thai Business Group Lowers 2024 GDP Growth Forecast

Thai Business Group Lowers 2024 GDP Growth Forecast

Thai business group revises 2024 GDP growth forecast due to economic concerns and pandemic uncertainties.

3 China Stocks With Potential to Soar

3 China Stocks With Potential to Soar

With the higher-than-expected economic growth in the first quarter, China seems on track to achieve its GDP target of around 5% in 2024 despite the struggling real estate market. Thus, fundamentally solid China stocks Sunlands Technology (STG), China Automotive Systems (CAAS), and X Financial (XYF) could be ideal buys now.…

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Indonesia's Q1 GDP Growth Exceeds Expectations

Indonesia's economy shows resilience with strong Q1 GDP growth, driven by domestic consumption and government stimulus.

Saudi Arabia's Q1 GDP Contracts 1.8% Due To Oil Sector

Saudi Arabia's economy contracted in Q1 due to oil sector challenges and COVID-19 impact. Vision 2030 aims to diversify for resilience.

The Guardian - UK

Eurozone escapes recession; UK mortgage approvals hit 18-month high – as it happened

Fastest growth in 18 months as GDP expands by better-than-expected 0.3% in Q1 2024, after two quarters of contraction

Hong Kong Economy Forecasted To Grow 2.5%-3.5% In Q1

Hong Kong's economy poised for growth with 2.5% to 3.5% GDP increase in Q1, reflecting resilience and stability.

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International Business Times

Bitcoin, Stocks And Bonds Sell-off On Stagflation And Earnings Worries

Trading started on the wrong side for Wall Street bulls on Thursday morning. All major asset categories headed south on worries that the U.S economy is heading into stagflation. That's a situation of slowing economic growth and rising inflation.

Houston Latinos are a driving force behind region's economic growth, study shows

A report showed that the Latino labor force grew at a rate 2.8 times higher than that of Non-Latinos in this Texan region

Australian shares tumble as RBA rate rise back on table

The ASX200 has fallen 1.4 per cent as investors fear persistent inflation could convince the Reserve Bank to raise interest rates once more.

US Economy Strong Despite Weaker First-Quarter GDP Reading

US Treasury Secretary Yellen remains optimistic about the economy despite slower GDP growth. Inflation expected to trend lower with efforts to manage costs...

US Stocks Close Lower As GDP Growth Slows

US stocks decline as GDP growth slows to 1.6% in Q1, raising concerns about stagflation and impacting tech stocks.

Stock Market Today: Markets Tumble Amid Slower Economic Growth and Rising Prices

Disappointing readings on GDP and inflation helped tank equities.

Dollar Gives Up Early Gains on Stagflation Concerns

The dollar index (DXY00 ) Thursday fell to a 1-1/2 week low and finished down by -0.28%. Stagflation concerns weighed on the dollar Thursday after revised US Q1 GDP showed slower-than-expected economic growth, along with persistent price pressures. The dollar initially moved higher Thursday after bond yields jumped when Thursday’s...

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