The Latest Breaking News from GDP

Economists described October’s 0.5 per cent growth as a ‘false dawn’

Growth figure shrank 0.3% in a quarter, reflecting concerns over lengthy recession

Australia's economic growth comes in slightly below expectations, with GDP rising by 0.6 per cent in the September quarter and 5.9 per cent through the year.

A broad-based sell-off on Wall Street overnight has sent Australian stocks lower, while the third quarter GDP data misses expectations.

Many countries have had to navigate the balancing act of keeping the economy alive versus protecting citizens from COVID in recent years. In China, patience with its zero-COVID policy – one of the world’s toughest strategies for dealing with the pandemic – are wearing thin among workers and students. Sporadic…

Johannesburg (AFP) - South Africa's economy rebounded beyond pre-Covid levels in the third quarter of 2022 to reach its highest-ever peak, official data showed Tuesday.

The National Credit Bureau (NCB) expects household debt in terms of loan amounts will continue to increase, despite the decline in the household debt-to-GDP ratio.

Globally, total private- and public-sector debt as a share of GDP rose from 200% in 1999 to 350% in 2021, the economist Nouriel Roubini says.

November's job growth was better than expected, even after the Federal Reserve’s aggressive action to cool the economy. Moreover, the sound third-quarter GDP growth and analysts predicting a mild recession in 2023 are spurring optimism. Amid this, quality stocks McDonald's (MCD), Cigna (CI), and O'Reilly Automotive (ORLY) might be steady…