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The Latest Breaking News from GDP

Kenya is going digital to boost tax revenue – there are lessons to learn from other African countries

Many African tax authorities have weak capacity to raise revenue. From 1990 to 2020, sub-Saharan African countries on average collected only about 12%-15% of GDP as taxes, a much lower share than the 33.5% in OECD economies.

The Conversation

UK ‘at risk of recession next year’ due to soaring interest rates, economists warn

The National Institute of Economic and Social Research warns it will be another year until UK GDP recovers to where it was before the coronavirus pandemic

The Independent UK

UK economy faces ‘stuttering growth’ over next 2 years due to higher interest rates

The National Institute of Economic and Social Research says the economy will avoid a recession

The Independent UK

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UK economy faces ‘stuttering growth’ due to higher interest rates – think tank

The National Institute of Economic and Social Research said in its main forecast that the economy will avoid a recession

The Independent UK

Data | Climate finance adds another layer of inequity to climate change

Climate justice activists demand developed countries raise investments in climate adaptation/mitigation to help poorer countries bear the brunt of climate disasters.

The Hindu

Opposition leaders spreading canards against Jagan, says Minister

Minister Nageswara Rao accused opposition leaders of spreading canards against CM Jagan Mohan Reddy and YSRCP govt. He said AP had improved its poverty index, GDP, and other fronts. He declined to comment on N. Chandrababu Naidu's tour of irrigation projects, saying he had done nothing for their development.

The Hindu

Goldman Sachs: AI Investment Could Outpace Historical Milestones, Boost GDP By 2.5-4%

Generative AI has enormous economic potential, global labor productivity could increase by over 1% annually

Zenger

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‘Women short-changed as 65% of weekly working hours ignored in official data’

Oxfam said unpaid caring and domestic responsibilities are rendered invisible in the formal economy and not valued properly.

The Independent UK

Stocks See Support from Global Economic Optimism

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.12%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.13%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.08%. Stocks are slightly higher, with the Nasdaq 100 climbing...

Barchart

Eurozone returns to economic growth as inflation falls

GDP also rises in 20-member bloc but German growth remains flat and Italy shrinks

The Guardian - UK

Stocks Set to Open Higher as Investors Await U.S. Payrolls Data and More Big Tech Earnings

September S&P 500 futures (ESU23) are up +0.11%, and September Nasdaq 100 E-Mini futures (NQU23) are up +0.09% this morning as market participants geared up for more corporate earnings results while also looking ahead to Friday’s nonfarm payrolls report.

Barchart

Stocks Set to Open Mixed as Investors Await U.S. Payrolls Data and More Big Tech Earnings

September S&P 500 futures (ESU23) are up +0.01%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.03% this morning as market participants geared up for more corporate earnings results while also looking ahead to Friday’s nonfarm payrolls report.

Barchart

Stocks Set to Open Slightly Higher as Investors Await U.S. Payrolls Data and More Big Tech Earnings

September S&P 500 futures (ESU23) are up +0.07%, and September Nasdaq 100 E-Mini futures (NQU23) are up +0.03% this morning as market participants geared up for more corporate earnings results while also looking ahead to Friday’s nonfarm payrolls report.

Barchart

UK mortgage approvals jump unexpectedly; eurozone returns to growth as inflation falls – as it happened

UK mortgage approvals rise to eight-month high in June, while eurozone GDP rises after narrowly avoiding winter recession

The Guardian - UK

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Salon

China's Great Leap Backward

The Chinese century is over. Facing upside-down demographic and economic trends, China is heading off the cliff

Zenger

US GDP Expands At Booming 2.4% In Q2, Beating Estimates On Heels Of Latest Fed Rate Hike

The American economy expanded at an annualized rate of 2.4% in the second quarter of 2023

Barchart

S&P Futures Climb Ahead of Key U.S. Inflation Data, Intel Surges on Upbeat Earnings

September S&P 500 futures (ESU23) are trending up +0.46% this morning as market participants braced for a reading on the Federal Reserve’s preferred inflation gauge.

Barchart

S&P Futures Tick Higher Ahead of Key U.S. Inflation Data, Intel Surges on Upbeat Earnings

September S&P 500 futures (ESU23) are trending up +0.35% this morning as market participants braced for a reading on the Federal Reserve’s preferred inflation gauge.

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Barchart

Dollar Rallies on Signs of U.S. Economic Strength

The dollar index (DXY00 ) Thursday recovered from early losses and finished up by +0.90% at a 2-week high. Stronger-than-expected U.S. economic news today on Q2 GDP, weekly jobless claims, and Jun pending home sales boosted T-note yields and supported the dollar. Also, weakness in the euro was bullish for...

Barchart

After a 13-Day Winning Streak, the Dow Jones Moves Lower

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.51%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.59%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.46%. Stocks have given back their morning gains and are...

Barchart

After a 13-Day Winning Streak, the Dow Jones Move Lower

The Hindu

Weighing in on the National Research Foundation Bill

The budgetary allocation for the National Research Foundation should not be reduced

Barchart

Stocks Climb Before the Open as Investors Await Key U.S. GDP Data, Meta Results Boost Sentiment

September S&P 500 futures (ESU23) are up +0.59%, and September Nasdaq 100 E-Mini futures (NQU23) are up +1.20% this morning after three major U.S. benchmark indices ended the regular session mixed as market participants digested Federal Reserve Chair Jerome Powell’s comments following the Fed’s widely expected 25 basis point rate…

AVNetwork

AVIXA Report: June Sales Growth Steady, Payroll Growth Stronger

Pro AV is settling into a level of modest growth, despite a weak European economy.

The Hindu

Shedding more light on the debt dilemma

Even when the sustainability of debt may not be threatened in the medium term, the costs of carrying high deficits and debt to the economy are heavy

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