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The Latest Breaking News from GDP

World Bank, UN estimate Gaza infrastructure damage at $18.5 billion

A new report by the World Bank and the United Nations, based on remote data collection sources, shows that damage to critical infrastructure in Gaza between October and January represents 97 percent of the GDP of the West Bank and Gaza from 2022. In this edition, we see how Israel's…

France 24

Taylor Swift among 141 new billionaires in ‘amazing year for rich people’

Combined assets of $14.2tn are more than the GDP of every country except China and the US

The Guardian - UK

World Bank Lowers Thai GDP Growth Forecast To 2.8%

The World Bank revises Thailand's GDP growth forecast to 2.8% due to global uncertainties and domestic challenges, emphasizing the need for strategic measu...

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Economist underlines snail-paced growth of India’s per capita GDP

Maitreesh Ghatak of LSE analyses India's economic growth post-liberalisation, highlighting rising inequality and limited trickle-down effect.

The Hindu

US Fourth-Quarter GDP Growth Revised Higher, Strong Labor Market

US economy shows resilience with higher Q4 growth rate and strong labor market performance.

Top News

Canada's GDP Rebounds, Expected To Increase In February

Canada's GDP shows signs of recovery with a projected 0.4% increase in February, indicating economic progress.

Top News

Stocks See Support from Improved Soft-Landing Prospects

The S&P 500 Index ($SPX ) (SPY ) this morning is up +0.08%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.04%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.08%. Stock indexes this morning are slightly higher. Stocks found support on this morning’s...

Barchart

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Stocks Tread Water as Investors Brace for U.S. Economic Data

Stocks are flat this morning as market participants digested remarks from a Federal Reserve official and geared up for a flurry of U.S. economic data.

Barchart

Why UK recession may be deeper than two quarters of falling GDP suggest

Greater fall per head and latest trade data illustrate longer term decline of economy

The Guardian - UK

China's Realistic GDP Target Despite Challenges, ADB Reports

The Asian Development Bank assesses China's GDP target as realistic and achievable amidst challenges.

Top News

Siddaramaiah failed to manage economy of Karnataka, alleges MLC

Chief Minister Siddaramaiah has failed to manage the economy of Karnataka, BJP MLC Pratap Simha Nayak alleged here on Thursday.

The Hindu

Stocks Tread Water Before the Open as Investors Brace for U.S. Economic Data

June S&P 500 E-Mini futures (ESM24) are up +0.01%, and June Nasdaq 100 E-Mini futures (NQM24) are down -0.11% this morning as market participants digested remarks from a Federal Reserve official and geared up for a flurry of U.S. economic data.

Barchart

Blow for Sunak as revised figures confirm UK went into recession last year

Latest estimate from ONS says GDP declined by 0.3% in final quarter of 2023

The Guardian - UK

Politicians Might Clash on Immigration, but Wall Street Has Made its Mind: It Boosts the Economy

Major companies trading on Wall Street are conveying a mostly unified message on the issue

Latin Times

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Barchart

Fed Speakers, GDP and Other Key Things to Watch This Week

The big news last week came out on Wednesday as the Fed held rates firm at 5.50%. This was as expected, but the real story was at the press conference after when it became clear that it just narrowly agreed to keep 3 cuts for this year.

AAP

Double dip New Zealand recession confirmed

New Zealand has fulfilled the technical definition of a recession with two quarters of negative GDP growth in the last half of 2023.

Top News

Argentina Economy Contracts In Q4 Amid Darkening Outlook

Argentina's GDP contraction in Q4 signals ongoing economic challenges and the need for policy reforms to revive growth.

The Guardian - UK

Rachel Reeves is staking it all on economic growth. So where’s her plan to achieve it?

Promising to reform the planning system, boost investment and improve skills is all very well, but the detail is missing, says Guardian economics editor Larry Elliott

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The Guardian - AU

Now is not the time to do anything more to slow the economy – it’s already in danger of stalling

The Sahm rule lets us get in front of recessions – so alerts should be flashing in the Treasury and RBA

The Hindu

India can sustain 8% GDP growth: RBI bulletin

India's economy poised for growth with 8% GDP, strong fundamentals, and investment opportunities in infrastructure and technology.

Top News

Brazil Government Maintains 2024 GDP Forecast At 2.2%

Brazil maintains 2.2% GDP forecast for 2024 to foster economic stability and growth, signaling confidence in the country's resilience and commitment to att...

Top News

Fitch Raises India's GDP Growth Forecast For FY24, FY25

Fitch Ratings raises India's GDP growth estimates for 2024 and 2025, indicating positive economic prospects and resilience in the face of challenges.

The Guardian - UK

UK competition watchdog says ground rent ‘not necessary’; Metro Bank cutting 1,000 jobs – as it happened

CMA says government may need to step in to protect consumers from rising ground rents; watchdog intervenes to free over 500 households from ‘problematic’ ground rent clauses

Evening Standard

Britain returns to growth as GDP rises 0.2% in January

Bounce back on the high street is major contributor with retail trade showing 3.4% growth

The Guardian - UK

Hopes of UK exit from recession boosted as GDP rises in January

Monthly increase of 0.2% after surge in high street and online spending offers relief for government

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