#gdp
#gdp

Labour says Sunak's promise to grow economy in tatters' as UK slips into recession

Labour criticizes UK government as economy enters technical recession

Economists expect recession to be short-lived [ more ]

www.independent.co.uk

ONS to release GDP figures amid fears UK may have entered recession latest

The UK is likely to have entered a recession at the end of 2023, with a contraction in GDP for the second consecutive quarter.

The economy was weak throughout the year, with estimates suggesting no growth between April and June and contraction between July and September. [ more ]

www.independent.co.uk

Britain's economy grows by more than expected in hope to avoid recession

UK economy grew by 0.3% in November, beating expectations and boosting hopes of avoiding a recession.

Services sector was the biggest contributor to economic growth in November, rising by 0.4%.

Chancellor of the Exchequer Jeremy Hunt sees slower growth ahead but believes tax cuts will put the UK in a strong position for future growth. [ more ]

www.independent.co.uk

UK economy shrank faster than expected in October, new data reveals

The UK economy shrank in October due to bad weather affecting the manufacturing and construction sectors.

All three main sectors - manufacturing, construction, and services - experienced negative growth during this period. [ more ]

www.dw.com

US economy: GDP growth slows to 1.6% in first quarter DW 04/25/2024

US economy grew less than expected in Q1 2024, raising concerns for Biden's re-election. Inflation down but prices still high. [ more ]

www.dw.com

Germany news

German economy shrinks in final quarter of 2023 DW 01/30/2024

Germany's GDP fell by 0.3% in Q4 2023 and 0.3% for the entire year, confirming previous estimates.

Economists predict a weak start to 2024 for Germany with the possibility of further shrinking in the first quarter. [ more ]

Axios

Growth hacking

Chart: How Wall Street got 2023 all wrong

Economists expected a sharp slowdown in U.S. economic growth in 2022.

Consensus forecasts for annual GDP growth collapsed at the end of 2022 but rebounded later. [ more ]

Axios

Growth hacking

What recession? Inside the gangbuster GDP report

The US economy experienced above-trend growth in 2023, contrary to predictions of a soft landing.

Inflation fell sharply while economic growth remained strong in 2023, reflecting improvement in the economy's supply potential. [ more ]

WSJ

Australia's Economy Grew More Slowly in Third Quarter as High Rates Bite

Australia's economy grew by less than expected in the third quarter.

Concerns arise about the Reserve Bank of Australia's decision to raise interest rates. [ more ]

www.dw.com

Germany news

German economy contracts in 3rd quarter DW 11/24/2023

Germany's economy contracted by 0.1% in the third quarter of 2023 compared to the second quarter.

Consumer spending fell by 0.3% in the third quarter and German exports and imports also declined.

A court ruling on diverting unused debt to a climate fund threatens the German government's plan and the economy's growth. [ more ]

moreGDP

www.cbc.ca

Canada news

Canada's economy shrank by 0.3% in third quarter, StatsCan says | CBC News

Canada's economy shrank by 0.3% in Q3 due to stagnant household spending and declining exports.

This marks the second consecutive quarterly contraction, meeting the definition of a recession according to some experts. [ more ]

www.independent.co.uk

Watch live as Sunak faces Starmer at PMQs as UK suffers economic blow

Britain is set to suffer the highest inflation and second-slowest growth rate in the G7.

The Organisation for Economic Co-operation and Development (OECD) has reduced its forecast UK growth rate for 2024.

UK GDP is expected to be 0.5% this year and increase to 0.7% next year before averaging at 1.2% over 2025. [ more ]

Practical Ecommerce

1 week ago

Business

Charts: U.S. Wholesale Trends Q1 2024

Monthly Wholesale Trade survey provides key economic indicators for the U.S. [ more ]

www.cbc.ca

2 weeks ago

Canada news

Canadian economy grew 0.2% in February | CBC News

Canadian economy grew 0.2% in February, minimal growth expected in March. [ more ]

euronews

1 month ago

EU data protection

Robert Habeck: 'We have to be more pragmatic and less bureaucratic'

Germany aims for net-zero carbon emissions by 2045 despite being a major polluter.

Germany's economy faced a decline, with a 0.3% decrease in GDP in 2023. [ more ]

BBC News

UK politics

Treasury secretary falters over 'basic' debt question

The Chief Secretary of the Treasury, Laura Trott, struggled to answer a question about the level of government debt on BBC Radio 4's PM programme.

Trott initially claimed that government debt was falling as a percentage of GDP, but the host countered that it was actually rising. [ more ]

www.dw.com

Germany news

Why are German farmers so angry? DW 01/10/2024

German farmers protested against the government's plan to end diesel subsidies and agricultural vehicle tax exemptions.

Despite rising food prices and increasing profits, German farmers argue that farming is an arduous occupation with relatively low earnings compared to other industries. [ more ]

Austin Monitor

Austin

Economic forecasters see local climate as 'strong, but uncertain' in 2024 - Austin Monitor

2024 is expected to be less volatile but still uncertain due to ongoing government spending and the impacts of the pandemic.

The Austin area's strong growth trends and budget surpluses will provide a cushion for municipal budgets, even in the case of a small recession. [ more ]

Hindustan Times

Artificial intelligence

AI to cause massive economic deflation in next 25 years, predicts OpenAI investor Vinod Khosla

Billionaire investor Vinod Khosla, an early supporter of OpenAI, predicts a seismic shift in the global economy.

WSJ