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The Latest Breaking News from GDP

An austere Christmas is on the cards – but don't say recession

The rapid increase in interest rates over the past year and a half is causing many consumers to feel less than joyous this festive season.

The Conversation

CBO Forecasts 1.5% GDP Boost, 4.4% Unemployment for US 2024

Take a whimsical trip into the future of the U.S. economy! CBO predicts a dance of numbers - 1.5% GDP growth and 4.4% jobless rate by 2024.

Top News

Bank of Italy Trims 2024 GDP, Foresees Sub-2% Inflation

In a whirlwind of numbers, Italy's central bank does a financial ballet, trimming down its 2024 GDP outlook to a petite 0.6%, predicting an inflation spect...

Top News

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UK to 'dodge winter recession' as key business survey shows private sector growing

But the continued strength of the economy may encourage the Bank of England to keep interest rates higher for longer

Evening Standard

Gaza War Dents Arab Economies: UN Forecasts 2.3% GDP Dip

UN study reveals Arab economies feel the pinch as the Gaza war potentially slices 2.3% off GDP. Conflict’s ripple effects surge beyond borders, hitting poc...

Top News

Jeremy Hunt’s tax cuts will add just 0.25% to UK GDP, Bank of England says

In a damning assessment of the chancellor’s fiscal shakeup, the Bank of England said the measures ‘could’ boost national output by a quarter of a per cent

The Independent UK

Rosstat Confirms 5.5% Q3 GDP Growth in Russia

Behold! The Russian bear awakes from its slumber. Rosstat reports a robust 5.5% GDP growth in Q3, confirming Russia's accelerating economic surge.

Top News

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2024 German GDP Forecast Slashed Amid Rising Uncertainty

Experience a dramatic twist in financial sagas as German institutes sculpt a new 2024 GDP forecast! Uncertainty - the invisible game changer!

Top News

DIW Institute Slashes German GDP Predictions Post-Budget Cuts

Dance of numbers descends, as DIW Institute curbs German GDP forecasts in a striking symphony of budgetary trimmings. German economy, to the rhythm of change!

Top News

Vladimir Putin’s war in Ukraine has cost Russia’s economy 5% in growth, U.S. Treasury says

Russia plans big defense spending with inflation running high. But Vladimir Putin thinks the economy is doing great as it grows and keeps unemployment low.

Fortune

New Zealand GDP falls, past recession revealed

New Zealand's economy is again going backwards, falling by 0.3 per cent in the September 2023 quarter.

AAP

GameStop (GME) vs. Aeon (AONNY): Analyzing Which Specialty Retailer Is a Solid Buy for 2024

The specialty retail sector is flourishing due to a resilient U.S. economy with solid GDP growth, reduced inflation concerns, and robust consumer spending. Hence, let's assess which specialty retail stock between GameStop (GME) and Aeon (AONNY) could be a better buy for 2024. Read more….

StockNews.com

Another GDP slump — Where's the 'Brexit dividend' we were promised?

City Comment: Rishi Sunak's Government has failed to offer a vision of how a post-Brexit Britain can thrive and prosper

Evening Standard

Signals are flashing red for Rishi Sunak’s economic growth pledge

Bank of England and Niesr have not forecast a recession but October fall in GDP may suggest one is on the way

The Guardian - UK

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Evening Standard

Interest rates to plunge in 2024 after GDP falls, City markets suggest

Market pricing is now pointing to a first cut as soon as May

Evening Standard

FTSE 100 Live: 'Rate cuts could come sooner' as GDP falls by 0.3%, blue-chip shares higher

The Bank of England's Monetary Policy Committee held interest rates as expected today, with members voting 6-3 in favour of another pause.

Evening Standard

Recession fears return as figures show GDP slumped by 0.3% in October

Stormy weather partly to blame for surprise fall in output

The Guardian - UK

UK economy shrinks unexpectedly as households feel squeeze

GDP fell by 0.3% in October as Bank of England prepares to keep interest rates on hold

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International Business Times

The Great Comeback Of The Greek Economy

Today, the Greek economy has rebounded to a new normal, contributing to the European stability. The country is witnessing healthy Gross Domestic Product (GDP) growth, while the Debt to GDP ratio is declining.

The Guardian - UK

Traders lift bets on UK interest rate cuts in 2024 after economy shrinks in October – as it happened

Rachel Reeves warns that economic growth is going backwards after GDP shrinks by 0.3% in October, prompting City to predict 100bp of rate cuts in 2024

The Guardian - AU

Myefo 2023: Australia’s federal budget on track for wafer-thin $1.1bn deficit

Mid-year economic and fiscal outlook reveals $12.8bn improvement in budget bottom line due to strong labour market and commodity prices

Fortune

Europe is 'falling behind,' warns JLL CEO Christian Ulbrich

Europe is lagging behind the U.S. and other Western economies when it comes to economic growth and GDP per capita.

Fortune

'Cold War II' could wipe trillions from global economy, IMF says

The group says $7 trillion worth of GDP could be lost to a new Cold War, undoing progress since the fall of the Soviet Union.

The Guardian - UK

World economy on brink of ‘cold war two’, IMF official warns

Gita Gopinath says global economy’s fragmentation into power blocs risks wipeout of trillions of dollars in GDP

The Hindu

PM talking up transformative GDP but what matters is annual growth rates over longer period: Congress

The Congress said that PM Modi and Finance Minister Nirmala Sitharaman are “repeatedly talking up” transformative GDP growth based on the recent July-September numbers but what matters more is annual growth rates over a longer period

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