The Latest Breaking News from GDP

“This morning’s data was the worst of both worlds, with growth down and inflation up,” said Chris Zaccarelli, chief investment officer of Independent Advisor Alliance.

June S&P 500 futures (ESM23) are up +0.46%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.79% this morning as market participants digested consensus-beating results from Meta Platforms while awaiting U.S. GDP reading to gauge the strength of the U.S. economy.

Economy grew by 0.2% in the final quarter of last year, but remains 0.4% below the same period in 2019

Since 1989 my family has gone from farm labourers to high achievers. Something similar has happened to my country, says social scientist Anna Gromada

Tax receipts equated to 31.4% of GDP in 2022 -23, according to HM Revenue and Customs figures.

It has taken far too long, but it seems that the International Monetary Fund has finally internalised some hard truths about sovereign-debt reduction. Chief among them is that growing economies have an easier time repaying. As such, fiscal consolidation -- the organisation's favoured strategy -- undermines efforts to reduce debt-to-GDP…

Global defense spending hit record $2.2 trillion last year.

Stockholm International Peace Institute’s annual report finds UK was region’s biggest spender in 2022 at $68.5bn

A recent open letter signed by 61 Canadian retired security professionals called on Canada to meet its commitment to NATO’s goal of two per cent of GDP in defence spending. It was quickly followed by a Washington Post revelation that Canada will never meet that target.

The figure beats expectations and surpasses the 2.9% growth rate for the fourth quarter, when the country was still sticking to its stringent ‘zero-Covid’ policy most of the time

The main driver behind the reduction is inflation—inflation that politicians created with their irresponsible spending.