Topic
gdp
60 stories related to this topic, newest first.
leftfootforward.orgfinance23 hrs ago
Poll: 60 % of public say Farage acted incorrectly on gifts; 50 % of Reform voters disagree
A YouGov survey showed most voters disapprove of Nigel Farage's handling of a £5m gift. Separate government plans target deportation of a convicted offender while GDP data are due this week.
riotimesonline.combusiness5 days ago
UAE Non-Oil Sectors Reach Nearly 79 Percent of GDP in 2025
UAE Minister of State Saeed Al Hajeri said the economy remains resilient despite global and regional uncertainty. Around 98 percent of foreign investment flows stayed unaffected in recent months. Non-oil sectors accounted for nearly 79 percent of GDP in 2025.
gamereactor.eupolitics5 days ago
U.S. official signals intent to end trade with Spain over NATO defense spending
A U.S. official said Wednesday the United States would stop all trade with Spain after the country declined to raise defense spending to 5% of GDP. The statement came during a press conference at the NATO summit in Ankara, Turkey.
Al Jazeeraworld5 days ago
Half a Million Russians Declare Bankruptcy as GDP Forecast Cut to 0.4 Percent
Al Jazeera reported that 500,000 Russians filed for bankruptcy in 2025 amid rising bad loans and a slowing economy tied to the war in Ukraine. Russia's Ministry of Economic Development lowered its 2026 GDP growth projection. Experts assess that a full banking crisis remains unlik…
koreaherald.comworld7 days ago
South Korea 2026 GDP Growth Forecasts Average 3 Percent After Upward Revisions
Eight major global investment banks lifted their average projection for South Korea's 2026 GDP growth to 3.0 percent by the end of June. The revision follows record June exports led by semiconductor shipments tied to AI demand.
Al Jazeerapolitics7 days ago
NATO Secretary General Calls for Clear Defense Spending Plans Ahead of Summit
NATO Secretary-General Mark Rutte urged member states to submit concrete plans to meet a five percent of GDP defense target. The call comes ahead of a two-day summit in Ankara beginning July 7, 2026.
Washington Examinerpolitics7 days ago
NATO to Announce Tens of Billions in Defense Contracts at Ankara Summit
NATO Secretary-General Mark Rutte said countries must present plans to meet a new 5% of GDP defense spending target. The alliance agreed last year to raise the minimum from 2% with a 2035 deadline.
politics7 days ago
NATO Secretary General Demands Credible Defense Spending Plans at Ankara Summit
NATO Secretary General Mark Rutte called on alliance members to submit clear plans to meet new defense spending targets ahead of the two-day summit in Ankara. The 32 nations agreed last year to invest 5 percent of GDP on defense and related infrastructure.
FI
bangkokpost.compolitics7 days ago
U.S. envoy to NATO describes alliance tensions as growing pains
The U.S. ambassador to NATO told CNBC that current disagreements over defense spending reflect normal adjustment rather than a crisis. Allies have set a target of 5 percent of GDP on defense by 2035.
jns.orgpolitics7 days ago
Trump Administration Urges NATO Allies to Raise Defense Spending
US ambassador Matt Whitaker said on Sunday that President Trump expects all NATO members to reach 5 percent of GDP on defense as soon as possible. NATO leaders meet in Ankara this week to review spending and Ukraine support.
IN
politics10 days ago
German cabinet advances military laws ahead of NATO summit
The German government approved draft laws to expand reserves, speed military construction and update security rules. Officials said the measures support NATO goals and raise defence spending to 3.5 percent of GDP by 2029.
FI
FI
abcnews.go.compolitics11 days ago
CSIS Brief Reports Russia’s Economy Slowed in 2025 as Territorial Losses Began
A Wednesday research brief from the Center for Strategic and International Studies states that Russia's wartime spending may be increasingly untenable. Fortune reported the assessment draws on battlefield losses and declining GDP growth.
politics12 days ago
Britain Announces 27% Defense Spending Increase Through 2030
The United Kingdom will raise defense spending by 27% in real terms by 2030 and reach 3.5% of GDP by 2035 under a new four-year plan. Officials published the Defense Investment Plan on Tuesday committing an additional $20 billion.
Breaking Defensefinance13 days ago
UK Defense Plan Commits £298 Billion Over Four Years
The United Kingdom released its Defence Investment Plan today, outlining £298 billion in spending through 2030. The plan raises the defense budget target to 2.7 percent of GDP and allocates £5 billion for autonomous systems.
BR
winnipegfreepress.comworld13 days ago
UK Publishes Defence Investment Plan Allocating £270 Billion Over Four Years
The government released its defence investment plan on 30 June 2026, adding £15 billion to reach a £270 billion total. Spending will rise to £80 billion annually by 2029 and 2.7 percent of GDP by 2030.
GB Newspolitics13 days ago
Ex-Defence Secretary Welcomes Extra UK Funding but Calls for Plan to Reach 3.5 % of GDP by 2035
The former Defence Secretary spoke in Parliament on 30 June 2026 about Labour’s Defence Investment Plan. He welcomed recent extra funding but said further increases are required to meet rising threats.
politics13 days ago
UK Increases Defense Spending by £15 Billion, Prioritizing Drones and Jets
The British government announced a defense investment plan on June 30 that adds 15 billion pounds in new spending. The plan prioritizes autonomous aircraft, submarines and drones while setting defense spending at 2.7 percent of GDP by 2029.
FI
FI
news.sky.compolitics13 days ago
Britain plans £15 billion defense spending increase over four years
Prime Minister Keir Starmer announced an extra £15 billion for military modernization. The plan raises annual defense spending to £79 billion by 2029 and sets a target of 3.5 percent of GDP by 2035.
ibtimes.co.ukpolitics14 days ago
NATO to Hold 2026 Summit in Ankara as Allies Push 5% Defence Spending Target
The alliance will convene heads of state at the Beştepe Presidential Complex to review progress on 5% GDP defence targets and Ukraine support. A related industry forum opens on 7 July.
NA
news.google.compolitics16 days ago
Admiral Urges Wartime Stance for Next UK Prime Minister
Admiral Sir Tony Radakin said the UK's next leader must operate almost like a wartime prime minister and meet a 3.5% GDP defense target by 2035. The remarks came as the government readies its Defence Investment Plan before a July NATO summit.
The Independentfinance18 days ago
Scottish GDP Growth Forecast Revised Upward to 1.0 Percent for 2026
The Fraser of Allander Institute raised its Scottish GDP growth forecast from 0.9 percent to 1.0 percent after stronger-than-expected performance in early 2026. Labour market data showed employment declining and both unemployment and economic inactivity rising in the first quarte…
ibtimes.co.ukfinance18 days ago
U.S. Q1 GDP Grew 2.1%
Revised government data showed real GDP expanded at a 2.1% annualized rate in the first quarter. Nonresidential fixed investment, led by data-center equipment and software, contributed 1.42 percentage points to the total.
risk.netfinance19 days ago
U.S. Treasury Secretary Forecasts GDP Growth Above 3 Percent This Year
The Treasury secretary told CNBC that U.S. economic output could reach a level beginning with 3 this year. The comment came during a discussion of current growth prospects.
DE
FI
LI
theregister.comai20 days ago
South Korea Policy Chief Urges New AI Infrastructure and Regional Chip Cluster
Presidential chief of staff for policy Kim Yong-beom urged preemptive government spending on electricity, land and data centers to support AI growth. He spoke June 24 in Seoul and projected 3 percent real GDP growth for 2026.
Fox Newspolitics29 days ago
Germany Plans Strongest European Conventional Army, Raise Defense Spending to 5% of GDP by 2035
Berlin plans to recruit nearly 100,000 new soldiers and raise spending well before 2035 after NATO allies set the 5% goal at the 2025 Hague summit.
Semaforfinance33 days ago
South Africa GDP Grows 0.5 Percent in First Quarter
South Africa recorded 0.5 percent GDP growth for the first three months of 2026. The data reflect activity before full effects of the Middle East energy shock and an interest rate increase.
rigzone.comfinance33 days ago
Namibia Central Bank Warns Public Debt May Reach 70% of GDP
Namibia's public debt could reach 70% of GDP by the end of the current financial year without spending reforms. Officials announced new budgeting measures and called for procurement and regulatory changes.
Le Mondeworld35 days ago
INSEE Revises France 2023 GDP Growth Up to 1.6% From Initial 0.9% Estimate
INSEE raised France's 2023 GDP growth from 0.9 percent to 1.6 percent and 2024 growth from 1.1 percent to 1.5 percent in revisions released May 29.
dailywire.comfinance38 days ago
U.S. Jobs Report Shows 172,000 Gain in May
Payrolls rose more than expected while unemployment stayed at 4.3 percent. Upward revisions lifted March and April figures. First-quarter GDP growth stood at 1.6 percent.
forbes.comai38 days ago
Artificial Intelligence Investment Projected to Reach 2% of U.S. GDP in 2026
An analyst forecast states that spending on artificial intelligence will equal two percent of U.S. gross domestic product next year. The projection places AI investment near the current share of GDP devoted to national defense.
FO
disabilityscoop.compolitics39 days ago
Bessent Testifies on Social Security Shortfalls, Rejects Tax Hikes or Benefit Cuts, Offers 3-3-3 Growth Framework
Bessent told Congress the administration will not raise taxes or cut benefits for seniors. He presented a 3-3-3 plan to stabilize debt at 100 percent of GDP.
swissinfo.chworld42 days ago
Switzerland Revises Q1 2026 GDP Growth Slightly Down
Switzerland's economy expanded less than first estimated in the first quarter of 2026 as consumer demand weakened. Bloomberg published the revision on or before June 1, 2026.
indiatoday.intoday.inbusiness43 days ago
Iran war raises jet fuel costs and cuts flights to Southeast Asia
Elevated fuel prices and route changes linked to the Iran conflict have prompted airlines to cancel flights and increase fares to tourism-dependent countries. Tourism revenue supports millions of jobs and contributes up to 13 percent of GDP in Thailand.
asiaone.comworld43 days ago
Hegseth Calls on Asia-Pacific Nations to Raise Defense Spending to 3.5% of GDP at Shangri-La Dialogue
Defense Secretary Pete Hegseth told the Shangri-La Dialogue that U.S. partners demonstrating higher spending would receive expedited arms sales and expanded intelligence sharing. Several regional ministers noted economic constraints that make the target difficult to meet.
washingtonpost.compolitics45 days ago
Canada Reports Two Straight Quarters of GDP Contraction
Statistics Canada data show real GDP fell 0.1 percent in the first quarter of 2026 after a 1.0 percent drop in the fourth quarter of 2025. The figures mark the first technical recession since 2020.
financialpost.comfinance45 days ago
Canada Reports Two Straight Quarters of GDP Decline
Real GDP fell 0.1 percent in the first quarter of 2026 after a 1.0 percent drop in the fourth quarter of 2025. Economists had forecast 1.5 percent growth for the latest quarter.
UN
KO
marketwatch.comfinance46 days ago
U.S. First-Quarter GDP Revised to 1.6 Percent
Government data showed slower growth than previously estimated for January through March. The revision reflects weaker consumer spending and business investment.
MA
Semaforpolitics47 days ago
Senegal Parliament Elects Ousmane Sonko Speaker in 132-0-1 Vote
Senegal's National Assembly elected Ousmane Sonko as speaker on Tuesday, four days after President Bassirou Diomaye Faye dismissed him as prime minister. The move hands Sonko control of a chamber dominated by his Pastef party while the country faces a debt burden of 132 percent o…
koreaherald.comfinance49 days ago
South Korea GDP per capita rises above Venezuela level since 1980
South Korea's GDP per capita on a purchasing power parity basis stood at $2,000 in 1980 while Venezuela's was $8,000. By 2026 the figures were $68,620 for South Korea and $9,460 for Venezuela according to IMF data.
SP
riotimesonline.comfinance49 days ago
Markets to Watch GDP, Housing and Investor Conferences This Week
A holiday-shortened trading week will feature the second estimate of first-quarter GDP, new-home sales data and the PCE inflation index. Several companies are scheduled to appear at the Bernstein Strategic Decisions Conference.
thehindubusinessline.comfinance50 days ago
U.S. Debt Interest Projected to Reach 30 Percent of Revenue by 2036
A projection shows annual interest payments on U.S. public debt rising to 30 percent of government revenue by 2036 if the 10-year Treasury yield averages 4.70 percent. The same scenario would push net interest costs to 5.3 percent of GDP.
KO
The Sydney Morning Heraldbusiness50 days ago
Australian Federal Government Gross Debt Nears $1 Trillion
The federal government's gross debt is projected to reach $1 trillion in the coming months. Bond markets have shown limited reaction to the milestone, while net debt remains near pre-pandemic levels as a share of GDP.
680news.comfinance51 days ago
U.S. Data Releases Scheduled for Inflation, GDP, Trade, and Consumer Metrics
Multiple government and private reports on inflation, economic output, trade, and consumer activity are set for release in the coming week. The schedule includes both monthly and quarterly figures.
MA
rte.ieworld51 days ago
Denmark Raises 2026 GDP Growth Forecast on Pharmaceutical Sales
The Danish economy ministry increased its growth outlook for this year. Stronger-than-expected pharmaceutical exports, led by Novo Nordisk, prompted the revision.
politics52 days ago
Cuba Reports Fuel Shortage and Economic Contraction in 2026
Cuba experienced a fuel shortage after a sanctioned Russian tanker delivered 100,000 tons of crude in March. The island's GDP contracted nearly 5 percent by the end of 2025, with further contraction projected for 2026.
IN
ukdefencejournal.org.ukfinance52 days ago
NATO Allies Set 5 Percent GDP Defence Spending Target by 2035
NATO member countries agreed at the 2025 summit to reach 5 percent of GDP in combined defence and security spending by 2035. The new target replaces the earlier 2 percent guideline adopted in 2014.
NA
Semaforworld52 days ago
Report: Higher health research spending would bring $668 billion to Africa
A new report estimates that African governments investing 1% of GDP in health research and development would generate $668 billion in economic returns over 20 years. The Africa Centres for Disease Control and Prevention and Team Europe issued the findings.
New York Postworld53 days ago
U.S. Maintains Lead Over China in Multiple Measures of National Power
The United States exceeds China in total GDP, energy production, food exports, and military capabilities according to historical comparisons. China has four times the U.S. population yet produces about 60 percent of American GDP. U.S. advantages also include larger nuclear forces…
Washington Examinerpolitics53 days ago
U.S. Government Debt Reached $37.6 Trillion in Fiscal 2025
Total federal debt stood at $37.6 trillion in fiscal 2025, equal to 124 percent of GDP. Annual interest payments reached $970 billion that year.
order-order.comfinance54 days ago
NATO Allies Increase Defense Spending Toward 5% GDP Target
NATO allies have begun raising defense investment to meet a 5% of GDP goal by 2035. The commitments were made at the NATO Summit in The Hague.
NA
Euronewsworld54 days ago
Switzerland Increases Defense Spending and Drone Capabilities
Switzerland plans to raise defense spending to 1% of GDP by 2032 and expand drone programs. Officials cited threats from drones, missiles and cyberattacks as reasons for the changes.
channelnewsasia.comfinance56 days ago
Japan Economy Expands 2.1 Percent in First Quarter
Japan's GDP grew faster than expected in the first quarter of 2026. Private consumption and business spending both rose, while net exports added to growth.
LI
FI
The Independentfinance57 days ago
UK Ranks Highest Among Major Economies for Property Tax Share of GDP
A report by tax firm Ryan found that the UK has the highest commercial property tax burden relative to GDP among major economies. Business rates receipts are projected to reach £37.1 billion in the 2026/27 financial year.
Forbesfinance59 days ago
India Advances Electrification at Lower GDP per Capita Than China
A new analysis from Ember finds that India is generating more solar electricity and electrifying transport faster than China did at equivalent levels of economic development. Solar accounted for about 9 percent of India's electricity generation in 2025.
thecanary.copolitics60 days ago
UK Chancellor Said Labour Contest Would Create Chaos
The chancellor cited stronger-than-expected UK GDP growth of 0.6 percent in the latest quarter, which made Britain the fastest-growing G7 nation. She argued that a Labour leadership election would damage the economy at a time of global conflict and rising government borrowing cos…
IN
abcnews.go.compolitics60 days ago
Wes Streeting Resigns as Health Secretary After Labour’s Poor Local Election Results
Health Secretary Wes Streeting quit on May 14, 2026, stating that Prime Minister Keir Starmer will not lead Labour into the next general election. Angela Rayner cleared tax issues that had removed her from Cabinet last year and said she stood ready to play her part in any leaders…
FO
swissinfo.chworld60 days ago
UK Economy Grew 0.6% in First Quarter of 2026
Official figures show the UK economy expanded 0.6 percent from January to March 2026, outperforming recent trends despite the Iran war. GDP per capita recorded its fastest growth in four years. The UK currently leads G7 growth, contrary to an earlier IMF forecast that it would be…
Forbesfinance60 days ago
OECD Launches Tool to Help Companies Assess Preparedness for Ageing Workforces
The OECD and AARP unveiled the free online diagnostic on May 11, 2026 in Paris. The tool benchmarks employers across four domains against peers in more than 30 countries and takes under 30 minutes to complete. It arrives as OECD economies face sharp slowdowns in GDP per capita gr…
thesouthafrican.comfinance61 days ago
Tunisia’s Djerba Island Sets New Tourism Record Despite Higher Fuel Prices
Reservations at one Djerba hotel have fallen by half amid rising airfares triggered by doubled kerosene prices since the start of 2026. The tourism sector, which contributes 10 percent of Tunisia's GDP and normally employs 400,000 people, had hoped for up to 8 percent growth afte…
smallbiztrends.comai61 days ago
Anthropic Launches Paid AI Tools for Small Businesses Integrated With QuickBooks, Canva and HubSpot
Anthropic announced Claude for Small Business on Wednesday, a suite of automated services and integrations aimed at the 36 million U.S. small businesses that account for 44% of GDP. The features become available via a toggle in Claude Cowork and include bookkeeping, business insi…