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The Latest Breaking News from GDP

How does Gross Domestic Product differ by state?

Five states, including California and Florida, each contributed over $1 trillion to the national gross domestic product in 2022.

USAFacts

Pound suffers as American inflation spike spooks currency markets

The Bank of England has space for more aggressive rate rise due to positive GDP figures

Evening Standard

Energy-producing states lag in latest economic numbers

Amid worries about a possible recession, energy-producing states had the biggest drops in GDP during the first quarter of this year, despite skyrocketing oil and gas prices, new government figures show.

Tribune News Service

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The Standard View: GDP rebounds but Tory leadership hopefuls must set out plan for growth

After a long day of cajoling fellow MPs, Tory leadership candidates may have been cheered by some unexpected economic good news. GDP rose by 0.5 per cent in May, raising the prospect that the UK can avoid a recession.

Evening Standard

UK economy returns to growth thanks to holiday boom and GP visits

GDP rose by 0.5% in May after revised 0.2% decline for April, says ONS

The Guardian - UK

UK GDP rises by 0.5 per cent in May

Increase in output was bigger than expected in the City

Evening Standard

US inflation hits new 40-year high; euro dips below dollar for first time since 2002 – as it happened

Stocks fall after US inflation jumps to 9.1%, as UK economy grows faster than expected by 0.5% in May

The Guardian - UK

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The 5 Most Active Stocks to Watch Right Now

As many economists are cutting down GDP forecasts for the second quarter, market uncertainties are expected to increase. Therefore, one could consider investing in stocks showing resiliency and trading at high volumes. Clovis Oncology (CLVS), Advanced Micro Devices (AMD), Roblox (RBLX), Ford Motor (F), and Marathon Digital (MARA) have been…

StockNews.com

Current account deficit likely to touch $105 billion this fiscal: Report

MUMBAI: The country's current account deficit is likely to touch $105 billion or 3 per cent of the GDP this fiscal, mainly due to continuously widening trade deficit, according to a report.

The Times of India

Grant Shapps vows to increase defence spending to 3% of GDP

The Transport Secretary’s Tory rival Rishi Sunak is preparing to launch his bid for No 10 with a pledge to cut taxes.

The Independent UK

Jeremy Hunt pledges defence spending hike to 3% of GDP

The Tory leadership hopeful said cuts to the Army are ‘unthinkable’ as he promised to cancel them in the face of Russian aggression.

The Independent UK

The Standard View: So, Rishi, Liz, Sajid, Suella, Jeremy, Kemi, Penny, Grant, Nadhim and Tom: Where’s the money to cut tax coming from?

Perhaps the most useful thing the candidates for the Tory party leadership might do over the next few days is to read the sobering report last week by the Office for Budget Responsibility. That report points out that “at over 90 per cent of GDP, public debt is now more…

Evening Standard

UAE Sees 47% Growth in Non-Oil Exports

Dubai Ruler Sheikh Mohammed bi Rashid Al Maktoum, UAE Vice President and Prime Minister, chaired the cabinet session held at Qasr Al Watan in Abu Dhabi on Thursday. He announced that the UAE’s non-oil exports grew by 47%, the foreign direct investment flow increased by 16%, and the number of…

Asharq Al-Awsat

The Pacific’s spiralling debt – and what governments can do about it

Rising debt and declining income seem to add up to an austere future for Pacific Island nations. But belt-tightening may make things worse.

360info

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The Guardian - UK

UK’s ‘unsustainable’ debt could reach 320% of GDP in 50 years, OBR warns

Taxes ‘must be raised to offset mounting cost of ageing population and falling fuel income’

The Independent UK

Spain boosts military spending to close gap with NATO goal

Spain is increasing military spending as it works toward meeting a NATO commitment by dedicating 2% of gross domestic product to defense

Bangkok Post

Committee revises up GDP growth forecast

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has revised up its 2022 GDP growth forecast to at least 2.75%, up from 2.5%, but soaring inflation remains a wild card.

The Independent UK

Boris Johnson admits higher defence spending is a ‘prediction’ and not a commitment

Tory alarm as prime minister waters down 2.5% of GDP ’pledge’ – made only four days ago

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Asharq Al-Awsat

Ukraine FM Rules out Russian Use of Nuclear Weapons, Calls for Isolating Moscow over its Threats

The world is laying out the worst scenarios for the Russian-Ukraine war.

StockNews.com

Recession is Here...Watch Out Below!

More and more it looks like recession is here. This includes a dramatic decline for ISM Manufacturing discovered this morning. As you likely know, most economist call manufacturing the "canary in the coal mine" for the US economy as it often shows weakness before other areas. In fact, GDP Now…

The Independent UK

Boris Johnson’s 2030 military spending pledge ‘feeble’, say senior Tories

PM commits to increase military spending to 2.5% of GDP by the end of decade

Daily Record

UK defence spending to increase by end of decade, claims Boris Johnson

The Prime Minister pledged that UK defence spending would reach 2.5 per cent of GDP by 2030 but is not matching the budget with rising inflation this year

The Independent UK

Johnson pledges £55bn more defence cash for 2020s amid Russia threat

The PM committed Britain to increasing spending to 2.5% of GDP by the end of the decade and urged Nato allies to boost their own military budgets.

Evening Standard

Boris Johnson commits to raising UK defence spending to 2.5% of GDP by end of decade

The Prime Minister said that the ‘cost of freedom’ is ‘always worth paying’

Evening Standard

Bad peace for Ukraine would be appalling for the world, says Boris Johnson

Boris Johnson also pledged to spend 2.5% of GDP on defence by the end of the decade

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