The Latest Breaking News from GDP

Picture dusk falling somewhere in the Solomon Islands. A fisher’s skiff glides home using a whisper-quiet electric outboard motor. In the Cook Islands, a big battery steadies the island grid. In Papua New Guinea’s highlands, solar kits bring electric light to homes for the first time.

After years of disciplined reform and painful sacrifice, Jamaica had done what few global debt specialists thought possible. Through tough and sometimes controversial spending cuts and fiscal discipline, it slashed its debt from a staggering 150% of GDP in 2013 to just 62% by 2024.

According to Oxford Economics, TikTok contributed $24.2 billion to U.S. GDP in 2023, supporting over 224,000 jobs. For small businesses and content creators—constituencies Republicans claim to champion—the platform has become essential infrastructure.

Europe's spending plans are pushing debt levels higher, fuelled by Germany’s stimulus and rising defence budgets. However, as governments ramp up spending, experts warn that markets are becoming less tolerant.

Despite this surge in tariff revenue, the deficit still totaled $1.8 trillion, or roughly 6% of GDP. And if the Supreme Court strikes the tariffs down …

EU membership enjoys strong approval in new member states largely thanks to the economic firepower they have gained. Euronews Business takes a closer look at the GDP growth story in the new accession states since the bloc’s historic enlargement in 2004.

Powell said companies are “making money in building [data centers]—it’s not about 25 basis points here or there.”

The report says lost goods and services from furloughed workers’ downtime won’t be regained once the government reopens.

Democrats defend every entitlement and dream up new benefits. Republicans demand more defense spending and still more tax cuts.