Gdp

• UBS, a Switzerland-based global financial firm, has lowered its GDP growth forecast for India in FY27 to 6.2 percent, representing a downward revision of 50 basis points due to intensifying oil crisis triggered by global tensions. • The Swiss brokerage attributes the slowdown to prolonged energy crisis stemming from Middle East conflict, severe supply chain disruptions, and rising inflation pressures across the Indian economy. • This downgrade reflects concerns about India's economic resilience amid external shocks, though the 6.2% growth rate still positions India among faster-growing major economies globally.

• US GDP expanded at a 2.0% annualized rate in Q1 2026, rebounding from 0.5% in the prior quarter, driven by government spending, exports, and investment. • Consumer spending stayed strong in March, bolstered by rising personal income and consumption. • Manufacturing PMI hit its strongest since May 2022 per S&P Global, though possibly due to inventory buildup rather than demand.

• CMS actuaries forecast U.S. health spending at $5.3 trillion in 2024, outpacing economic growth to hit 20% of GDP by 2033. • Projections highlight unsustainable trajectory for national health expenditures. • Policymakers face pressure to address cost drivers in insurance, drugs, and services.

Leader uses first major economic speech to prioritise public services and reduction of inequality over growthA government led by the Green party would not set targets for GDP growth but would instead focus on people’s mental health, social cohesion and community welfare, Zack Polanski has said in a major speech to set out his plans for the economy.In his first policy address since taking over as leader of the Greens in England and Wales six months ago, Polanski condemned what he called “rip-off Britain”, where a minority of asset owners benefited at the expense of people obliged to pay unaffordable sums for housing and other basics. Continue reading...

The US economy grew at a revised 0.7% annualized rate in the October-December 2025 quarter, down from prior estimates, due to impacts from a 43-day government shutdown last fall. This downgrade reflects weaker-than-expected final demand and drags on business investment. Amid current oil shocks, the data heightens stagflation risks, complicating Federal Reserve policy. Economists anticipate upward revisions in Q1 2026 figures depending on energy price trajectories.