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The Latest Breaking News from GDP

After being a 'welcome guest' at NATO, NZ now needs to consider what our partnership with the alliance really means

As a “welcomed guest” at the latest NATO summit in Lithuania, New Zealand Prime Minister Chris Hipkins had a front-row seat for debates over Ukrainian membership, the role of countries outside NATO’s traditional geographic boundaries, the ongoing threat of China, military spending and an accelerating nuclear arms race.

The Conversation

Truss’s taskforce claims average Briton £10,000 worse off than US counterpart

The Growth Commission launched on Wednesday, suggested ‘consistent growth levels’ of 3% by 2040 are achievable.

The Independent UK

‌Bank Of Israel Maintains Steady Interest Rate As Inflation Shows Signs Of Moderation‌

‌Research Department at the Bank of Israel predicts 3% growth in GDP in 2023 and 2024 with delayed impact from monetary restrain‌

Zenger

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NATO Summit: How the Alliance is strengthening its eastern flank

Along with seeking a compromise for Ukraine’s entry into NATO, leaders at the Vilnius summit are on a quest to bolster the Alliance’s eastern front.

France 24

At Vilnius summit, NATO members to pledge minimum defence spending of 2% of GDP

NATO's 31 members are meeting in Lithuania's capital for a summit where they will discuss a new financial commitment to the Alliance. On Friday, Secretary General Jens Stoltenberg said member states will "invest a minimum of 2 percent of GDP annually on defence". In this segment, we see that so…

France 24

AI’s disruptive economic impact, an India check

Artificial Intelligence could be highly disruptive, but growing advancements in AI are now a reality and being equipped with the latest tools will be an advantage

The Hindu

Krungsri hosts Japan-ASEAN Startup Business Matching Fair 2023

In Thai national economy, there are more than 3 million micro, small, and medium-sized enterprises. They account for approximately 35 percent of the country’s GDP and above 70 percent of employment. Both the government and private sectors have been supporting startup and small business development for many years, while also…

Bangkok Post

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3 things that could still go wrong for the U.S. economy, Bank of America’s chief economist says

Despite recent bullish economic data, Michael Gapen says he still expects a “mild recession” by the start of 2024.

Fortune

Fisheries sector is key for growth of country’s GDP, says Union Minister

Union Minister for Earth Sciences Kiren Rijiju said that the fisheries and aquaculture sector is going to play a key role in the growth of the country’s Gross Domestic Product (

The Hindu

Missions v priorities: how Starmer’s policy goals compare with Sunak’s

As the Labour leader completes his key pledges, we compare them with the prime minister’s – and assess how firm they are

The Guardian - UK

Risk of Fall Government Shutdown: Kiplinger Economic Forecasts

The latest Congress stalemate risks a government shutdown in October 2023, spending cuts and a dent in GDP growth.

Kiplinger

The strategist who called a recession after the regional banking crisis says it already happened and nobody noticed

The catch is it's global. The heated debate about a U.S. recession is a moot point. The much bigger story is that a typical world recession has likely already started."

Fortune

3 China Stocks Smart Money Is Following

While worldwide counterparts saw weaker growth due to inflation and rising interest rates, China’s GDP soared in the first quarter of 2023. With the nation’s upward momentum expected to persist, it could be wise to load up on robust China stocks X Financial (XYF), China Automotive (CAAS), and Sunlands Technology…

StockNews.com

A macro view of the fiscal health of States

A time path for revenue deficit reduction with a credible fiscal adjustment plan would help restore fiscal balance and improve quality of expenditure

The Hindu

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The National (Scotland)

Why it's time for Scotland to switch to the wellbeing economy

Thomas Bertram Lance, adviser to Jimmy Carter in the 1970s, coined a famous phrase: “If it ain't broke, don't fix it”.

Tribune News Service

Conor Sen: Squeezed homebuyers are just what the economy needed

The housing market is full of surprises. Sentiment among homebuilders has been perking up, their stocks are surging, and new home sales are at the strongest since early 2022. All in the face of persistently high mortgage rates.

Fortune

China's Gen Z graduates fear they have 'blank paper' diplomas as youth unemployment hits a record 20% and the economy chokes on anemic growth

Millions of fresh college graduates and early career professionals in China face daunting prospects amid a cooling economy.

The Guardian - UK

Eurozone inflation drops; UK recession fears linger; Apple hits $3trn valuation – as it happened

Eurozone price pressures have eased, although core inflation has risen, as economists warn UK recession risk has not vanished

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Barchart

Dollar Rallies on Sharp Rise in T-note Yields

The dollar index (DXY00 ) Thursday rallied by +0.41% on the sharp +13 bp rise in the U.S. T-note yield to 3.83% s on the hawkish Powell comments, which substantially improved the dollar’s interest rate differentials. The dollar also received a boost from the upward revision in U.S. Q1 GDP...

Kiplinger

Stock Market Today: Stocks Close Mixed After Fed Stress Tests, GDP

The Dow outperformed Thursday on strength in blue-chip bank stocks JPMorgan Chase and Goldman Sachs.

Reason

The Next President Needs To Cut Spending

At a minimum, the national debt should be smaller than the size of the economy. A committed president just might be able to deliver.

Axios

CBO data shows why deficits should matter again

There was a widening bipartisan sense that fiscal deficits don't really matter. Now, they do again.

Barchart

Tech Stocks Undercut by Sharp Rise in T-note Yields on Hawkish Powell

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.14%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.58%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.31%. Stocks are being undercut by today’s hawkish Powell comments,...

Reason

CBO Projects Huge Deficits, $116 Trillion in New Borrowing Over the Next 30 Years

A new Congressional Budget Office report warns of "significant economic and financial consequences" caused by the federal government's reckless borrowing.

Barchart

Stocks Climb Before the Open as Investors Await Key U.S. GDP Data, Nike Earnings on Tap

September S&P 500 futures (ESU23) are up +0.24%, and September Nasdaq 100 E-Mini futures (NQU23) are up +0.27% this morning after three major U.S. benchmark indices ended the regular session mixed as investors weighed Fed Chair Jerome Powell’s hawkish signals, while bracing for another round of economic data.

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