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DARK SECRETS: 40 | Vintage Vibes

Taiwan's president says the defense budget will exceed 3% of GDP in military overhaul

Taiwanese President William Lai Ching-te said Thursday that the island’s defense budget will exceed 3% of its economic output as it overhauls its military in the face of the rising threat from China

The Independent UK

Brian Moynihan says consumers are in a ‘classic’ situation of worrying about money but continuing to spend

Brian Moynihan said consumers, once again, are the backbone quietly propping up the American economy.

Fortune

How Covid changed the British state

Surge in national debt and NHS backlog altered the economy and expectations around crisis management

The Guardian - UK

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Why has the UK government announced swingeing welfare cuts?

Prime Minister Keir Starmer says cuts will save UK billions per year, but advocacy groups slam move as ‘immoral’.

Al Jazeera

European defence spending: three technical reasons for political cooperation

How much would it really cost the European Union to defend itself against aggression? In the immediate term, that question, of course makes us think of Russia, but we can no longer exclude multiple other possibilities, including the potential need to defend territory – say, Greenland – from a former…

The Conversation

Millennials choosing to be DINKs could push GDP down by as much as 4%

"By the time you get to 2030, you're talking about a birth rate that is wildly different to what was in the assumptions made at the beginning of the decade."

Fortune

Is Trump driving the US into a recession? – in charts

Warning lights are flashing on a dashboard of economic indicators as analysts grow alarmed about a ‘Trumpcession’

The Guardian - UK

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Treasurer Chalmers promises ‘meaningful and substantial’ cost of living help in Tuesday’s budget

Next week’s budget will have cost-of-living assistance that will be meaningful and substantial but “responsible”, Treasurer Jim Chalmers has said.

The Conversation

Is Trump's Trade War Causing a Recession?

The Atlanta Fed’s GDPNow forecast plunged into recessionary territory, stocks wiped out $4 trillion in value, and consumers are pulling back. How long will Washington ignore the warning signs?

Reason

OECD trims eurozone growth outlook as global trade tensions bite

The OECD has lowered its eurozone GDP growth forecast to 1.0% for 2025, down from 1.3% in December, citing weak investment and rising geopolitical risks. Global growth is also revised down to 3.1% as trade disruptions weigh on sentiment.

Euronews

Trump says the economy ‘went to hell’ under Biden. The opposite is true

By standard measures such as job and GDP growth and the stock market, the US economy was in excellent shape

The Guardian - US

Here’s when AI will launch a decade-long cycle of economic growth and productivity gains

The bank predicts that productivity and GDP gains will start two years from now in 2027 and continue through most of the 2030s.

Fortune

Will the UK enter a recession after Britain’s GDP shrinks unexpectedly?

GDP unexpectedly fell in the first month of 2025

The Independent UK

Shrinking economy offers unhelpful backdrop for Rachel Reeves’s growth push

GDP goes in wrong direction as chancellor puts final touches to fiscal plans

The Guardian - UK

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The Fashion Central

Sky News Interrupts for Breaking Update in Major Blow to Rachel Reeves and Keir Starmer

Evening Standard

Chancellor ‘determined to turn around’ economy amid surprise fall in GDP

Figures revealed a surprise contraction in the economy in January, in a blow to Rachel Reeves ahead of her spring statement.

Evening Standard

City fears recession after shock 0.1% fall in GDP in January

Manufacturing and North Sea oil and gas production see big falls in output

Evening Standard

FTSE 100 Live 14 March: Gold price milestone, GDP setback as Berkeley urges rate cut clarity

Recession fears stalked the City today after official figures showed the UK economy went back into reverse in January.

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Fortune

Goldman Sachs’ chief economist just downgraded the entire U.S. economy as Trump’s latest tariff salvo rattles markets

The storied investment bank has forecast GDP growth to come in below Wall Street’s consensus for the first time in 2½ years.

Fortune

China has only one real way to hit its 2025 growth target

The stimulus packages Beijing rolled out won’t do the trick—and they aren’t really stimulative.

Latin Times

Mexico's Biggest Bank Predicts Zero Growth, Recession—Trump's Tariff Threats Labeled as Major Risk

Banamex predicts that the Mexican economy will not grow this year if 25% tariffs on all Mexican products are imposed.

The Independent UK

Trump considering changing NATO policy to favor countries spending more on defense: report

Possible change in U.S. engagement with NATO comes as Trump is pressuring Ukraine to come to negotiating table to end war with Russia

Evening Standard

Fact check: Minister’s growth claim, NHS appointments and the size of the Army

Round-up of fact checks from the last week compiled by Full Fact.

The Guardian - AU

The Reserve Bank should be looking at these numbers and wondering why it waited until February to act

Yes, the worst may be behind us, but GDP figures provide little sense of an economy powering ahead at full steam

The Guardian - UK

European markets soar as Germany moves to lift ‘debt brake’ and raise defence spending

Berlin’s ‘big bazooka’ proposal sends industrial stocks surging but fiscal sea change also hikes borrowing costs

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