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The Latest Breaking News from GDP

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.

Top News

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

The Guardian - UK

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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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.

International Business Times

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

Latin Times

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.

AAP

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...

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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.

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

Disappointing readings on GDP and inflation helped tank equities.

Kiplinger

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...

Barchart

NOAA Billion-Dollar Weather Disasters Are Not Evidence of Climate Change

Weather and climate disaster losses as a percentage of U.S. GDP have not increased between 1990 and 2019, a new study finds.

Reason

Energy Demand Concerns Weigh on Crude Prices

June WTI crude oil (CLM24 ) this morning is down -0.50 (-0.59%), and May RBOB gasoline (RBK24 ) is down -1.79 (-0.66%). Crude and gasoline prices this morning are moderately lower on energy demand concerns after US Q1 GDP growth rose less than expected. Losses in crude are limited after...

Barchart

Wall Street Today: GDP Report Sends Stocks Into Freefall

Blindsided by a subpar report on U.S. economic growth, Wall Street reacted swiftly and strongly Thursday as all three major indices saw significant declines.

International Business Times

Stocks Plunge Before the Open as Meta’s Revenue Forecast Disappoints, U.S. GDP Data and Earnings in Focus

June S&P 500 E-Mini futures (ESM24) are down -0.53%, and June Nasdaq 100 E-Mini futures (NQM24) are down -0.87% this morning as a disappointing revenue outlook for the current quarter from Meta weighed on sentiment, while market participants braced for a new round of U.S. economic data and quarterly reports…

Barchart

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The Guardian - UK

Nature destruction will cause bigger economic slump in UK than 2008 crisis, experts warn

Green Finance Institute report said further pollution could cut 12% off GDP by 2030s

Top News

South Korea Q1 GDP Growth Exceeds Expectations

South Korea's economy shows resilience with strong Q1 GDP growth, raising doubts about further policy easing measures.

The Guardian - UK

Sunak suggests he will not ‘shy away’ from making cuts to hit defence target

PM has faced scepticism over costing of his commitment to spend 2.5% of Britain’s GDP on defence by 2030

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German Government Raises 2024 GDP Forecast To 0.3%

Germany revises 2024 GDP forecast to 0.3%, showing optimism for economic growth and stability.

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Top News

Russian Ministry Forecasts 2.8% GDP Growth For 2024

Russia's Ministry of Economic Development projects 2.8% GDP growth in 2024, facing challenges of higher inflation and a weaker rouble.

The Guardian - UK

Europe’s political leaders have been slow to recognise financial reality of long wars

Ukraine needs western munitions badly but it remains unclear how much more artillery the UK is prepared to produce

The Guardian - UK

UK to boost defence spending to 2.5% of GDP, Sunak says

PM pledges to put arms industry on ‘war footing’ with plan to raise defence budget to £87bn a year by 2030

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Vietnam's GDP To Grow 5.5% In 2024, 6.0% In 2025

The World Bank projects positive economic growth for Vietnam, highlighting resilience and potential for development in key sectors like manufacturing and s...

Al Jazeera

War, fear of war spur global military spending to new record: SIPRI report

New high of $2.4 trillion is ninth straight annual increase, suggesting trend will continue, research institute says.

The Hindu

Lok Sabha polls | Multiple data sources show simple fact that workers can buy less today than they could 10 years ago, says Jairam Ramesh

Congress alleges PM Modi caused unprecedented decline in worker wages, vows INDIA coalition will restore growth trajectory.

Top News

German Government Raises 2024 GDP Forecast To 0.3%

Germany raises its 2024 GDP forecast to 0.3%, indicating economic optimism and potential growth. The decision reflects positive economic outlook and may im...

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