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UK economy grows faster than first thought amid service sector boost
News from the City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Britain's economic growth was stronger than first thought…
What is GDP and how fast is the UK economy growing?
The UK economy has been growing more quickly than other countries in the G7 so far this year, with overall growth for 2026 now expected to be in the region of 1% to 1.2%. Economic growth matters because it affects things like pay increases for…
UK income growth revised upwards as markets hail 'resilient' economy
UK household income grew at a stronger pace than previously estimated during the first six months of the year, according to revisions of official data. The rise in income per head to 1.1% between January and June followed an increase in the level…
UK economy grows faster than first thought amid service sector boost
Britain's economic growth was stronger than first thought in the second quarter of the year, according to official figures. The Office for National Statistics (ONS) said UK gross domestic product (GDP) increased by 0.5% between April and June in a…
El Niño adds to US economic strain ahead of midterms
One of the strongest El Niños on record is further complicating the economic picture in the U.S. in 2026—potentially exacerbating existing pressures Americans are facing only weeks out from the midterm elections. Worldwide…
Map shows which state economies are growing and shrinking ahead of midterms
The Bureau of Economic Analysis (BEA) released its quarterly estimates for state-level gross domestic product growth for the second quarter on Wednesday, revealing that New York's economy grew by 4 percent at an annual rate and the fastest of any…
Exclusive: Putin's Economy Chief Warns of 'Disintegration' of World Trade
A member of Russian President Vladimir Putin 's cabinet has appealed to the White House to help save an international trade order that the senior official warns is at risk of collapse. The message comes as ministers from the world's top economies…
Brookings confirms what basic economics predicted about Biden's open border
The Brookings Institution released a study last week confirming something that anyone with a semester of economics could have told you four years ago: When a government floods a housing-constrained country with millions of additional people in a…
Boost to Chancellor John Healey as UK economy grows faster than expected
Britain's economy grew faster than expected earlier this year as a hot weather and World Cup boost offset the impact of the Iran war. Figures from the Office for National Statistics showed gross domestic product - the value of everything the…
Cold War espionage added $4.6 billion to East Germany's economy
No matter what side you were on, espionage was a cornerstone of Cold War political life. But it was also big business. Espionage was so integral to East Germany that on the eve of the Berlin Wall's collapse, spying on the West was juicing the…
Republicans say they learned from Biden mistakes as they sell Trump's economy
But Biden's message that the economy was strong, which still haunts some Democrats, are proving a valuable lesson for swing-seat Republicans. Although inflation is not as high as it was under Biden after the COVID-19 pandemic, prices continue to…
U.S. economy grew a solid 2.2% in the second quarter, government says, upgrading previous estimate
WASHINGTON (AP) — The U.S. economy grew at a solid 2.2% pace from April through June as consumer spending and business investment came in strong. Growth in gross domestic product — the nation's output of a goods and services —…
China Stimulus Underwhelms In Sign Two-Speed Economy to Persist
China is leaving investors wanting more after producing an anticipated but narrowly targeted economic stimulus package. Government agencies unveiled mortgage subsidies and expanded central bank support for targeted sectors after markets closed…
Economic growth and deomcratic decline: the 'cotton king' who reshaped Benin
In recent years, a building boom has reshaped Benin's largest city, Cotonou, and a shiny new coastal road has reduced journey times to Ouidah, the west African country's spiritual and cultural capital. In the last decade, Benin's annual GDP has…
Big, Beautiful US Economy Beats Forecasts As Q2 GDP Jumps to 2.2 Percent
The numbers on inflation and growth are in for the second quarter, and they are better than expected. The U.S. economy grew at a solid if not flashy 2.2 percent in Q2, while inflation remained lower than predicted. That's good news. NEW —…
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