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UNBELIEVABLE: 41 - The Untold Story

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.

Fortune

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.

Latin Times

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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

The Independent UK

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.

Evening Standard

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 - AU

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

The Guardian - UK

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'Germany is back': Country agrees bumper $1.3 trillion spending package to revive economy

Germany's coalition agreed a landmark deal to exempt defense spending from its harsh debt brakes, in addition to unveiling a $535 billion infrastructure pledge.

Fortune

As Trump roils stock markets, investors are betting big on Europe’s defence

European defence stocks are flying high as Trump’s pause on aid to Ukraine spurs calls for continent’s rearmament.

Al Jazeera

Australia’s economy has turned the corner, and consumer spending was a big help

Australia’s economy expanded at the fastest pace in two years in the December quarter, boosted by an improvement in household spending and stronger exports.

The Conversation

China sets GDP target of 5% for 2025 amid tariff war with Trump

Economists believe that meeting the target will be challenging as Beijing grapples with Donald Trump’s new trade war

The Guardian - UK

Green shoots for economy as Australia snaps dire record

Australia has accelerated out of an economic slump after expanding by 1.3 per cent in 2024, leading to a rise in per capita growth - a proxy for prosperity.

AAP

EU Proposes 800 Billion Euro Defense Plan Amid US Uncertainty

EU proposes 'REARM Europe' package with 800 billion euros to enhance defense capabilities and reduce reliance on U.S. support.

Top News

Government Spending And GDP Separation Proposal Sparks Economic Debate

Commerce Secretary proposes separating government spending from GDP reports for enhanced economic measurement and stability.

International Business Times

Commerce Secretary Lutnick Pushes For 'Transparent' GDP Calculation By Removing Government Spending

Howard Lutnick's remarks came in response to concerns over whether the spending cuts advocated by Elon Musk's Department of Government Efficiency (DOGE) might lead to a recession.

Al Jazeera

Can Europe guarantee Ukraine’s security without the US?

European nations work on security guarantees for Ukraine against Russia with, Trump making clear that the US won’t.

The Independent UK

The Trump administration may exclude government spending from GDP, obscuring the impact of DOGE cuts

Commerce Secretary Howard Lutnick says he could take government spending out of his agency's reports on gross domestic product

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The Fashion Central

Bus Passes, NHS, and Pensions at Risk – Is Anything Safe from Keir Starmer’s Cuts?

Prime Minister Keir Starmer’s decision to slash foreign aid from 0.5% to 0.3% of GDP has raised eyebrows within his own party.

Fortune

The US economy has suddenly been thrown into reverse as key GDP indicator flashes stunning negative forecast

The Atlanta Fed’s GDP tracker now indicates the economy is headed for a 1.5% contraction in the first quarter, after showing 2.3% growth just days earlier.

Evening Standard

Fact check: Government plans will see defence spending hit 2.5% of GDP

It is unclear what the Prime Minister is using to claim that the increase would be £13.4 billion per year.

Dynamite News

India's GDP grows 6.2 in Q3 of 2024-2025 fiscal year

In July-September, the economy recorded a growth of 5.6 per cent. Read further on Dynamite News:

Barchart

Dollar Rallies on Expectations of US Tariffs on Canada and Mexico

The dollar index (DXY00 ) Thursday rose by +0.77% and posted a 1-week high. The dollar rallied Thursday on signs of strength in the US economy after Q4 GDP was left unrevised. Also, Jan capital goods new orders nondefense ex-aircraft and parts, a proxy for capital spending, rose more than...

Barchart

Dollar Rallies as President Trump Affirms Tariffs on Canada and Mexico

The dollar index (DXY00 ) today is up by +0.68% at a 1-week high. The dollar is climbing today on signs of strength in the US economy after Q4 GDP was left unrevised, and Jan capital goods new orders nondefense ex-aircraft and parts, a proxy for capital spending, rose more...

Al Jazeera

Trump meets Starmer: Is the UK’s increase in defence spending enough?

The British leader says foreign aid will suffer a 40 percent cut to bolster defence spending in light of a ‘new era’.

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