The Latest Breaking News from GDP

The federal budget forecasts growth of 3.25% this year but hints at a slowing global economy with high inflation and interest rates

Treasurer Jim Chalmers told reporters on Tuesday his first budget was “the beginning of something new and responsible”.

BEIJING: China's economy rebounded at a faster-than-expected pace in the third quarter, but strict Covid curbs, a deepening property crisis and global recession risks are challenging Beijing's efforts to foster a robust revival over the next year.

Some retailers are already charging more than $2 a litre as cities move into the first new fuel cycle since petrol tax relief expired.

Widespread floods that have inundated large parts of Australia's southeast will dent the country's economic growth and increase inflation, Treasurer Jim Chalmers said on Friday, ahead of next week's federal budget.

Gus O’Donnell said maximising the economic measure is ‘really, really stupid’ and ‘not something any grown up wants to do’.

The new phase of the domestic tourism subsidy programme is being drafted with an additional 3-4 million hotel rooms, double the number in the fourth phase, which is scheduled to end this month, as the government aims to push GDP growth to 3.3% this year.

I am talking about an imaginary country which is a member of Asean. This country may or may not exist. To avoid unnecessary negative repercussions, this country shall remain nameless and be referred to as country "N" with its currency "D". This country is the star of Asean with a…

Saudi Crown Prince Mohammed bin Salman bin Abdulaziz launched the National Strategy for Industry, which aims to promote industry and attract investment, leading to economic diversification and growth of non-oil exports and GDP. The Crown Prince, also Prime Minister and Chairman of the Council of Economic Affairs and Development, said…

The Prime Minister's comments to the European Research Group came after a minister threatened to resign if she reneged on a commitment to increase defence spending to 3% of GDP by 2030

Armed Forces Minister James Heappey warned he would resign unless the Prime Minister stuck to a promise to raise defence spending to 3% of GDP by 2030