The Latest Breaking News from GDP

Kyiv School of Economics estimates cost of conflict could rise to $600bn, almost four times the nation’s GDP

Fitch said on Tuesday it has cut China's GDP growth forecast for 2022 to 4.3% from 4.8%, saying pandemic-related disruptions have had an impact on the country's economy in the first two quarters of the year. The rating agency said it stills expects a quarter-over-quarter GDP contraction in the second…

US GDP contracted by 1.4% in Q1 2022 as recession fears heighten. This is bullish for risk assets like Bitcoin and equities in my opinion, as the Federal Reserve may become less hawkish to avoid a recession.

Rolling coverage of the latest economic and financial news, including growth figures from across the eurozone

Bitcoin traded in the green on Thursday evening but failed to cross the key $40,000 barrier in intraday trading, as the global cryptocurrency market cap rose 1.2% to $1.8 trillion.

Apple and Amazon shares tumble in after-hours trade as they warn of inflation and supply constraints, while Australian shares follow Wall Street higher as investors shrug off downbeat GDP figures in the United States.

U.S. indices traded higher Thursday despite a drop in U.S. GDP. Strength in stocks is possibly due to better-than-expected quarterly earnings from multiple companies as well as a rebound following a selloff earlier in the week.

The latest report on gross domestic product is complicating President Joe Biden’s pitch that the U.S. economy is strong

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher by 2.1% on Thursday after the Commerce Department said U.S. GDP declined 1.4% in the first quarter.