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The Latest Breaking News from GDP

Australia’s annual growth slowed in June quarter with GDP up 2.1%

Rise compares with a revised 2.4% economic growth in the March quarter, Australian Bureau of Statistics reveals

The Guardian - AU

Kenya's leader says climate change is eating away Africa's GDP, calls for talks on global carbon tax

Kenya's president says climate change is “relentlessly eating away” at Africa’s economic progress and it’s time to have a global conversation about a carbon tax

The Independent UK

Wagner, conflict and poverty drive Central African Republic death rate above crisis levels: but where’s the aid?

The Central African Republic (CAR) is one of the poorest countries in the world. Its GDP per capita in 2022 was estimated at US$491 per year.

The Conversation

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

Markets rally as China steps up support for economy and Country Garden strikes debt deal – as it happened

Rolling coverage of the latest economic and financial news, as stocks rally as Country Garden agrees extension to its onshore debt payments

The Guardian - UK

Chaos in our skies, crumbling concrete in our schools: grim symptoms of a British disease

A long-term lack of investment has left our infrastructure in pieces. Instead we are prey to dire fallout from events that should be within our control

The Guardian - UK

Britain no longer an economic outlier after ‘extraordinary’ GDP upgrade by ONS

Jeremy Hunt said ‘those determined to talk down the British economy have been proved wrong’

The Independent UK

UK economy bounced back from pandemic much faster than previously thought, revised GDP figures show

The new stats say the UK economy hit its pre-pandemic size by the end of 2021, a stark difference from data that claimed GDP today is still below 2019 levels

Evening Standard

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Stock Market Today: Stocks Close Higher After ADP Jobs Data

The main benchmarks notched a fourth straight win after private payrolls rose less than expected and Q2 GDP was lowered.

Kiplinger

Dollar Falls as the Outlook for a Fed Rate Pause Improves

The dollar index (DXY00 ) on Wednesday fell by -0.36%. The dollar on Wednesday extended this week’s losses down to a 2-week low. Weaker-than-expected U.S. economic news Wednesday on the Aug ADP employment change and Q2 GDP bolstered speculation that the Fed will be able to pause its rate hikes,...

Barchart

Stocks Modestly Higher as Optimism Builds for a Fed Pause

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.18%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.03%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.24%. Stocks this morning are slightly higher, with the S&P...

Barchart

Australia’s greenhouse emissions are a national disgrace that are destroying the planet and costing households

The quarterly emissions data reinforces how much of a joke our 2030 emissions target is

The Guardian - AU

Stocks Move Higher Before the Open as Investors Await Key U.S. GDP Data, Salesforce Earnings on Tap

September S&P 500 futures (ESU23) are up +0.06%, and September Nasdaq 100 E-Mini futures (NQU23) are up +0.07% this morning after three major U.S. benchmark indices rallied on Tuesday as soft economic reports bolstered expectations that the Federal Reserve would pause its interest-rate hikes in September, while investors also braced…

Barchart

Stocks Slip Before the Open as Investors Await Key U.S. GDP Data, Salesforce Earnings on Tap

September S&P 500 futures (ESU23) are down -0.08%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.16% this morning after three major U.S. benchmark indices rallied on Tuesday as soft economic reports bolstered expectations that the Federal Reserve would pause its interest-rate hikes in September, while investors also braced…

Barchart

Stocks Move Lower Before the Open as Investors Await Key U.S. GDP Data, Salesforce Earnings on Tap

September S&P 500 futures (ESU23) are down -0.19%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.28% this morning after three major U.S. benchmark indices rallied on Tuesday as soft economic reports bolstered expectations that the Federal Reserve would pause its interest-rate hikes in September, while investors also braced…

Barchart

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The Hindu

Data | The problems with the Prime Minister’s economic claims

India to become $5trillion economy soon: PM Modi; however, nominal GDP, exchange rate conversions, and skewed income distribution complicate the narrative. In terms of PPP-based GDP, India is already the 3rd largest economy in the world. To attain a dignified living standard for its people, India needs to augment resource…

Barchart

Earnings, GDP and Other Can’t Miss Items This Week

Last week was a wild one in the markets. The S&P 500 ended the week basically flat, but that does not do the wild moves this week justice.

Fortune

China's $18 trillion economy has indigestion—and the factory of the world could export its deflation and growth problems globally

"If you get a scenario where China is really in crisis and exporting deflation, I can see where that actually filters through the United States," said an international economist at Wells Fargo.

The Conversation

Slower ageing, but slower economic growth: the Intergenerational Report in 7 charts

The Australian government has just released the latest iteration of its Intergenerational Report, the sixth since the first was published in 2002.

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news in one place.

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Evening Standard

What is Brics? Trump threatens 10 per cent extra tariff over 'anti-American' policies

Donald Trump has set strict rules for any country “aligning themselves with the Anti-American policies of BRICS”

The Guardian - AU

Australia’s growth to slow as workforce participation falls over coming decades

Treasurer Jim Chalmers says the government remains optimistic about the future despite big challenges detailed in latest intergenerational report

The Guardian - AU

Australia to spend less on age pension despite doubling of retirees, intergenerational report shows

Australia on track for pension payments to shrink from 2.3% of GDP to 2% by 2062-63 as superannuation balances balloon

The Conversation

Age pension cost to ease by 2060s but super tax breaks to swell: Intergenerational report

Australia’s comprehensive superannuation system means spending on the age pension will decline as a proportion of GDP by 2062-63 despite a doubling of Australians aged 65 and over, according to the government’s Intergenerational Report to be released on Thursday.

France 24

Size, population, GDP: The BRICS nations in numbers

Officials from Brazil, Russia, India, China and South Africa gather in Johannesburg on Tuesday for a three-day BRICS summit, a five-nation club comprising 40% of the world’s population and more than 25 percent of global GDP that positions itself as an economic counterweight to the West. Almost 15 years on…

The Conversation

'Care' economy to balloon in an Australia of 40.5 million: Intergenerational Report

Australia’s care economy could increase from its present about 8% of GDP to about 15% in 40 years, according to the government’s Intergenerational Report, to be released by Treasurer Jim Chalmers on Thursday.

The Hindu

The issue is not about India’s GDP, but its JDP

There is a big dissonance between GDP growth and its translation into actual jobs and incomes for people

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