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The Latest Breaking News from GDP

Scotland’s finance figures to be published as oil revenue increase expected

Scotland’s implicit deficit is likely to have reduced as a percentage of GDP.

The Independent UK

Why a public holiday for a Matildas World Cup win could cost far less than you think

Prime Minister Anthony Albanese is right about one thing when it comes to public holidays.

The Conversation

How much do actors and writers make?

Median hourly wages for actors fell by 56% over the last decade.

USAFacts

From analysis to the latest developments in health,
read the most diverse news in one place.

India needs a new economic policy

The government at the national level has failed to structure India’s economic policy coherently

The Hindu

OPINION - The Standard View: The UK economy is stuck in a low-growth trap

The UK economy is not in recession but it is stuck in a low-growth trap. GDP in the three months to June registered a 0.2 per cent jump, marking the fifth successive quarter in which the economy has kept its head above water since a 0.5 per cent advance in…

Evening Standard

Enjoy the economic cheer of surprise GDP growth... for now

City Comment: The Bank of England will take the punchbowl away from the party soon enough

Evening Standard

City bets on fresh Bank of England interest rate hike as GDP leap beats forecast

The interest rates outlook will become clearer when the ONS reveals the latest wages and inflation data next week

Evening Standard

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S&P Futures Tick Lower Ahead of Key U.S. PPI Data

September S&P 500 futures (ESU23) are trending down -0.04% this morning after three major U.S. benchmark indices finished the regular session slightly higher as market participants digested milder-than-feared U.S. consumer inflation report while also bracing for crucial U.S. PPI data.

Barchart

UK economy grows faster than expected after surprisingly strong June

GDP increases by 0.2% in April to June on back of recovery in car manufacturing, says ONS

The Guardian - UK

FTSE 100 Live: ‘Economy flickers to life’ but blue-chips lose 1%, Heathrow passenger numbers climb

The British economy finally saw some growth, albeit still slowly, in the second quarter, as GDP grew by 0.2%.

Evening Standard

UK shrugs off recession as economy grows by 0.2% in second quarter

The meagre GDP growth means there is no immediate risk of recession, but leaves the UK stuck in a low growth trap

Evening Standard

UK economy avoids stagnation with 0.2% growth between April and June – as it happened

The UK economy beats forecast with growth by 0.2% between April and June, including surprisingly fast 0.5% growth in June alone

The Guardian - UK

Tax rises and subsidy cuts behind drop in UK household incomes, says OECD

UK in bottom half of income table across 38 rich nations as US and Italy see growth but Canada, France and Germany decline

The Guardian - UK

'It's going to be messy': Banks underestimate threat of climate change

Modelling the impact of rising temperatures is an 'ongoing and living exercise', banks acknowledge. But climate planning experts say they're being complacent. Emma Ricketts reports.

Newsroom.co.nz

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news in one place.

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Evening Standard

City braces for insight into impact of rate hikes on economic growth

GDP data for June is due, from a month of rate hikes, hot weather and strikes

The Hindu

RBI retains FY24 GDP forecast at 6.5%

RBI retains GDP growth projection at 6.5% for FY20-21; raises inflation projection to 5.4% due to vegetable prices. Recovery in kharif sowing, services & consumer optimism to support household consumption.

The Conversation

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 Independent UK

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

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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

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 Hindu

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.

Zenger

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

The Independent UK

‘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.

Barchart

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...

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