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THE TRUTH ABOUT: 11 | History Defined

Tax burden heading to ‘uncharted territory’ with risk to growth, OBR warns

Budget responsibility committee member Professor David Miles said there was ‘clearly a risk’ in the historically high tax burden.

Evening Standard

Australian economy picks up speed, but managing inflation and rates is getting harder

Australia’s economy grew at its fastest annual rate in almost three years in the December quarter, rising 2.6%, although this is still modest growth by historical standards.

The Conversation

Unemployment set to hit 5.3% this year amid ‘worrying’ rise in young jobless

OBR raises forecast from 4.9% and downgrades UK’s growth prospects for 2026 – while also warning of war uncertainty

The Guardian - UK

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Good news is bad news: GDP growth fuels inflation fears

Australia's economy expanded by 2.6 per cent over 2025, above Reserve Bank forecasts, raising fears of an impending interest rate hike.

AAP

Reeves accused of being ‘tone deaf’ on energy prices as Middle East crisis deepens

Growth forecast cut again and unemployment to rise as chancellor warned economy risks big hit from Iran war – but Reeves insists ‘plan is right’

The Independent UK

Unemployment to jump to 5.3% as UK economy faces slower growth, says OBR

UK gross domestic product (GDP) is expected to grow by 1.1% in 2026, as the OBR cut its previous prediction of 1.4% from last November.

Evening Standard

Why Ray Dalio, Scott Bessent and others are rallying around a '3% solution' to the national debt

Bipartisan consensus is building in support of lowering the gulf between revenues and outlays to 3% of GDP.

Fortune

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Before countries can reap AI’s benefits, they’ll have to figure out how to pay for its deployment

Countries might have to choose between taking on more short-term risk or missing out on future AI-driven growth.

Fortune

Dissatisfaction with life in UK unchanged since Covid, official data shows

Average life satisfaction still below pre-pandemic peak despite improving economic outlook, reports ONS

The Guardian - UK

India’s GDP Grows 7.8% in Q3 FY26 Under New Calculation Method

India’s economy maintained its strong growth momentum in the final quarter of 2025, reaffirming its position as the world’s fastest-growing major economy, according to fresh data released on Friday.

Whats Hot

Trump claims America is ‘winning so much.’ The IMF agrees, adding that Trump’s trade policies are the only thing holding it back from even more

The best time to chip away at the national debt and balance the budget is now, when the economy is strong, says the IMF. Trump’s trade tariffs are making that difficult.

Fortune

Poland beats Spain on income as Tusk claims ‘European elite’ status

Poland's per capita income calculated in purchasing power parity (PPP) has overtaken Spain as it edges closer to UK levels.

Euronews

Come 2030, the U.S. deficit will be worth 5.9% of GDP—more than the outlays for Social Security, and equal to spending on major health programs

Come 2030, the annual deficit will be worth roughly 5.9% of GDP, on par with provisions set aside for health and Social Security programs, and well ahead of calls to reduce deficits to 3% of GDP.

Fortune

AI capex and the ‘wealth effect’ from tech stocks (like Nvidia) now drive one-third of U.S. GDP, top analysts say

“That would leave the economy vulnerable if investors started to doubt the AI story,” they warn.

Fortune

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Times Life

India Was the World’s Richest Country for 1,000 Years. What Exactly Changed?

For much of recorded history, India was one of the largest economic powers in the world. This is not a cultural claim. It is supported by long term economic research. Economic historian Angus Maddison, whose global GDP reconstructions are widely cited in academic circles, estimated that: Around 1 AD, India…

Euronews

Poland’s debt on track to breach 100% of GDP by 2036, Commission warns

Brussels warns that without spending restraint and structural fixes, Warsaw’s debt trajectory could worsen markedly despite limited short-term risks.

The Times of India

4 years on, Russia's Ukraine 'blitz' drags on: How the conflict redefined warfare, shattered Europe

On 24 February 2022, Russian forces crossed into Ukraine on the orders of President Vladimir Putin. What was expected by many to be a swift military operation has become one of the longest and most consequential wars of the 21st century.

Fortune

Trump’s tariffs: a lesson in economic and legal ignorance

Have tariffs created more jobs, or an economic boom? Not if you look at the data.

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Times Life

Why So Many Indians Believe the West Is Better Than India

In many Indian homes, a familiar sentence carries unusual weight: “My son is in Canada now.” The pride is visible. But if the same son were working in Pune or Noida, the reaction might be quieter. Why does geography change perception so dramatically? This belief that the West offers a…

Fortune

New CBO report shows national debt spiraling into uncharted territory by 2035—and Trump's tariffs defeat will make the picture even worse

By 2035, the CBO expects the deficit to reach $2.96 trillion or 6.2% of GDP versus 5.8% today, and almost double the multi-decade, pre-pandemic average.

Kiplinger

Stocks Shrug Off Tariff Ruling, Weak GDP: Stock Market Today

Market participants had plenty of news to sift through on Friday, including updates on inflation and economic growth and a key court ruling.

Barchart

Dollar Weakens as SCOTUS Rebuffs President Trump’s Tariffs

The dollar index (DXY00 ) fell from a 4-week high on Friday and finished down by -0.13%. Weaker-than-expected US economic news knocked the dollar lower on Friday. US Q4 GDP, the Feb S&P manufacturing PMI, and the University of Michigan US Feb consumer sentiment index all were weaker than expected...

Barchart

Energy Demand Concerns Weigh on Crude Oil Prices

March WTI crude oil (CLH26 ) on Friday closed down -0.04 (-0.06%), and March RBOB gasoline (RBH26 ) closed down -0.0093 (-0.46%). Crude oil and gasoline prices settled lower on Friday amid concerns about energy demand after the US Q4 GDP grew at a slower-than-expected pace. However, losses in crude...

Barchart

Crude Oil Prices Pull Back on Energy Demand Concerns

March WTI crude oil (CLH26 ) today is down -0.47 (-0.71%), and March RBOB gasoline (RBH26 ) is down -0.0070 (-0.35%). Crude oil and gasoline prices are moving lower today amid concerns about energy demand after US Q4 GDP grew at a slower-than-expected pace. However, losses in crude are limited...

Barchart

Dollar Retreats as Supreme Court Strikes Down President Trump's Tariffs

The dollar index (DXY00 ) fell from a 4-week high today and is down by -0.25%. Weaker-than-expected US economic news knocked the dollar lower today. US Q4 GDP, the Feb S&P manufacturing PMI, and the University of Michigan US Feb consumer sentiment index all were weaker than expected and weighed...

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