Bloomberg Daybreak: US Edition Daybreak Weekend: US GDP, UK Politics, China Eco
Dec 19, 2025
Rosa Prince, a Bloomberg Opinion columnist, shares insights on the instability of the UK Labour Party and the challenges ahead for Prime Minister Keir Starmer as he faces potential successor contenders. John Liu, Bloomberg's Chief China Correspondent, discusses China's economic outlook, emphasizing concerns about the property market and the balancing act of stimulus amid fiscal restraint. Their perspectives shed light on critical political and economic shifts shaping both the UK and China in the coming years.
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Third-Quarter GDP Could Surprise Higher
- Q3 GDP revisions avoid October data gaps and may show a much stronger print than the preliminary number.
- Ed Harrison notes Atlanta Fed nowcast near 3.5% with top forecasts 2.5–3.5%, reflecting stronger Q3 activity.
K-Shaped Recovery Hides Worker Strain
- Growth and labor are diverging in a K-shaped recovery with AI spending and fiscal deficits supporting top-line GDP.
- Harrison warns average workers face weaker job opportunities despite respectable aggregate growth.
Prioritize AI Spend, Offset With Cuts
- Expect tech firms to prioritize AI spend and cut other costs if ROI falters.
- Mandeep Singh suggests companies will rationalize capex, hiring, and headcount to sustain investment in AI.