Federal workers’ salaries represent less than 5% of federal spending and 1% of GDP Cutting these jobs indiscriminately will “substantially damage the economy,” experts say.

Germany has this year approved a constitutional amendment to its ‘debt brake’ rule, meaning defence spending above 1% of GDP is not subject to borrowing limits.

Sajid Chinoy of JPMorgan warns that 50% US tariffs threaten labour-intensive export sectors in India. Targeted fiscal and monetary support is needed to prevent job losses and maintain growth.

The U.S. economy grew this spring after a slowdown earlier this year. A report from the Commerce Department shows the nation's GDP grew at an annual rate of 3% in the second quarter of the year.

Canada's economy contracted in the second quarter much more than anticipated on an annualized basis as U.S. tariffs squeezed exports, but higher household and government spending cushioned the impact, ...