Tag: Gross domestic product

Economy and Trading

UK Economy Shows Modest Growth in August GDP Report Amid Budget Preparations

The UK economy reportedly returned to growth in August with a modest 0.1% expansion, according to the latest GDP report. This comes as Chancellor Rachel Reeves prepares an autumn budget that may include higher taxes on wealthy individuals.

UK Economy Returns to Modest Growth in August

The UK economy reportedly showed signs of recovery in August with modest expansion, according to the latest gross domestic product report. Sources indicate the economy grew by 0.1% during the month, marking a slight improvement from July when the economy reportedly flatlined.

by Gabriel Novak
Energy PolicyInternational Business and Trade

EU Nations Debate €2.5 Trillion Public Procurement Shield for Domestic Firms

European Union member states are preparing for intense negotiations over whether to grant preferential treatment to domestic firms in public contracts worth approximately €2.5 trillion annually. The debate, reportedly led by France, comes as the bloc seeks to counter protectionist trade policies from the United States and China’s strategic use of critical supply chain dependencies.

EU Procurement Battle Looms Over Domestic Preference Rules

European Union countries will begin debating next week how much preferential treatment to give domestic firms bidding for public contracts worth about €2.5 trillion ($2.9 trillion) annually, according to reports from officials familiar with the matter. The massive procurement market represents approximately 15% of the European Union‘s total economic output, making the outcome of these discussions critically important for both European businesses and international trade relations.

by Aaron Blake