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UK inflation falls as crumpet and meat prices drop: New official figures show that inflation, the rate at which prices rise over time, fell again in March.
bbc.com/news/business-68833077
Quick Glance: Powell Warns of Lack of Progress on Inflation
- Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.
- Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.
- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
- Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
Taylor Swift drops track list for new album, including two collaborations: Taylor Swift dropped the titles of the 17 songs off her new album "The Tortured Poets ...
usatoday.com/story/entertainment/music/2024/02/05/taylor-swift-track-list-tortured-poets-department-collaborations/72487683007/
Quick Glance: Harvard Students Analyzing Taylor Swift's New Album
- Harvard students studying a course on the singer are well-prepared to analyze her new album.
- A group of students gathered to listen and discuss the album, with certain lines causing immediate excitement.
- Some students stayed up into the early hours waiting for additional music to be released.
- The students discussed their thoughts on the new songs and brainstormed their final papers, due by the end of the month.
Prolific phishing-made-easy emporium LabHost knocked offline in cyber-cop op: Police emit Spotify Wrapped-style videos to let crims know they're being hunted
theregister.com/2024/04/18/police_lab_host/
Dataminr debuts ReGenAI pairing predictive with generative AI for real time information
venturebeat.com/ai/dataminr-debuts-regenai-pairing-predictive-with-generative-ai-for-real-time-information/
Iran-backed groups ‘tried to intimidate Charity Commission’: Watchdog was branded Islamophobic and targeted by activists including figures at Press TV ...
thetimes.co.uk/article/iran-backed-groups-tehran-charities-watchdog-uk-intimidation-72jz5dw7k
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Gloom for London Luxury Property Market as Mansions Sold at 30% Discount: Wealthy home sellers are cutting prices to secure deals as a slump grips the city’s ...
bloomberg.com/news/articles/2024-04-19/gloom-for-london-luxury-property-market-as-mansions-sold-at-30-discount
UK rental costs rise at record 9.2% : Official figures highlight impact of higher borrowing costs on landlords and tenants
ft.com/content/5ec2740e-5c23-4440-a798-fc5198745d50
UK Retail Sales Disappoint in Sign of Lackluster Recovery: Get briefed ahead of your morning calls with the latest UK business headlines, key data and market ...
bloomberg.com/news/newsletters/2024-04-19/uk-retail-sales-disappoint-in-sign-of-lackluster-recovery
Booming AI demand threatens global electricity supply: Tech chiefs warn that power-hungry data centres are a bottleneck in developing artificial intelligence
ft.com/content/b7570359-f809-49ce-8cd5-9166d36a057b
Quick Glance: Growing Demand for AI Threatens Global Power Supply
- Tech experts concerned about crucial role of energy supply in AI development.
- The increasing need for electricity poses a challenge for advancements in artificial intelligence.
- Global data centers are expected to require more capacity by 2030 than currently available.
- Concerns about environmental impact of technology boom heightened by data centers' energy consumption.
St George's Day Trafalgar Square London: Tickets and line up: St George's Day will be celebrated in Trafalgar Square, here's everything you need to know about ...
romfordrecorder.co.uk/news/24259980.st-georges-day-trafalgar-square-london-tickets-line/
Meta releases Llama 3, claims it’s among the best open models available: Meta has released the latest entry in its Llama series of open generative AI models: ...
techcrunch.com/2024/04/18/meta-releases-llama-3-claims-its-among-the-best-open-models-available/
Animal cruelty in Britain: rabbits, snakes and birds killed - two boys convicted: They broke into an environmental school and killed more than 20 animals: two ...
spiegel.de/panorama/justiz/london-kaninchen-schlangen-und-voegel-getoetet-zwei-jungen-verurteilt-a-85d383bc-9f7d-4401-8184-f8882a933d1a
Quick Glance: Twelve Jurors Seated in Trump's Hush Money Trial
- A jury of 12 individuals was empaneled on Thursday in the landmark hush money trial of former President Donald Trump, bringing the proceedings closer to opening arguments and the commencement of weeks filled with compelling testimonies.
- The upcoming trial is anticipated to present unfavorable testimonies regarding Trump's personal life pre-presidency, including accusations of manipulating business records to suppress narratives in the final days of the 2016 election surrounding his intimate relationships.
- Central to the trial is a payment of $130,000 made by Cohen just before the 2016 election to adult film actress Stormy Daniels, aimed at preventing her allegations of a sexual encounter with Trump from being publicized in the campaign's final stretch.
- The selection of the jury holds paramount significance in any criminal proceeding, particularly so when the accused is a former president and the presumed Republican candidate. Potential jurors have undergone extensive scrutiny concerning their online presence, personal backgrounds, and political stances as legal representatives and the judge meticulously scrutinize for partialities that could compromise their impartiality.
Rishi Sunak's Long-Term Sick Leave and Disability Benefits Speech: Hi there, I’m Ailbhe Rea, a Bloomberg UK Associate Editor based in Westminster ...
bloomberg.com/news/newsletters/2024-04-19/rishi-sunak-s-long-term-sick-leave-and-disability-benefits-speech
UK freezes London property linked to Putin ally after ICIJ report - ICIJ: Since Russia invaded Ukraine in 2022, the U.K. government has faced criticism for ...
icij.org/investigations/pandora-papers/uk-freezes-london-property-linked-to-putin-ally-after-icij-report/
Quick Glance: UK Reacts to ICIJ Report on London Property of Putin Ally
- The UK government froze the multimillion-dollar London property roughly a week after the International Consortium of Investigative Journalists unveiled its connection to Igor Komarov and its seemingly untouched status by sanctions against the high-ranking Kremlin official.
- In February, the ongoing relationship between Komarov and the prime central London townhouse on Herbert Crescent, purchased for over $16.5 million through a British Virgin Islands-based shell company he previously managed, was highlighted.
- An update was made on April 5 regarding the Companies House records for Wastom, aligning with the ROE filings.
Helen Chandler-Wilde: Tories Win Silver: Hi, it’s Helen Chandler-Wilde, a UK reporter in London. Hope you enjoy today’s Readout.
bloomberg.com/news/newsletters/2024-04-18/helen-chandler-wilde-tories-win-silver
The AI race is generating a dual reality: US tech giants may dominate but they won’t have it all their own way
ft.com/content/8af1f467-2953-4cbc-a336-4c92c92e6792
Artist evicted by London landlord cuts rent by commuting from Argentina: Andy Leek, creator of Notes to Strangers, made the move after finding himself unable to ...
theguardian.com/uk-news/2024/apr/19/artist-evicted-by-london-landlord-cuts-rent-by-commuting-from-argentina
Zoom offers AI-based updates to its Workplace collaboration space: The company's Workplace collaboration space gets several user interface upgrades over its ...
computerworld.com/article/2093454/zoom-launches-workplace-an-ai-enabled-collaboration-space.html
Financial Times: News, analysis and opinion from the Financial Times on the latest in markets, economics and politics
ft.com/
EU Proposes UK Talks to Ease Stays for Students, Young Workers: The European Union’s executive wants to start talks with the UK to give young adults an easier ...
bloomberg.com/news/articles/2024-04-18/eu-proposes-uk-talks-to-ease-stays-for-students-young-workers
London Raid on ED&F Man Capital Markets Ruled Lawful by UK Court: The raid into the London offices of ED&F Man Capital Markets Ltd., carried out on behalf of ...
bloomberg.com/news/articles/2024-04-17/london-raid-on-ed-f-man-capital-markets-ruled-lawful-by-uk-court
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Prince Harry declares US as his new home, renounces British residency: According to documents obtained by Page Six, the Duke of Sussex listed the US as his "new ...
business-standard.com/world-news/prince-harry-declares-us-as-his-new-home-renounces-british-residency-124041800592_1.html
Quick Glance: Prince Harry Officially Residing in U.S.
- Prince Harry and his wife Meghan have considered California home, and now his official residency in the U.S. has been documented in a corporate filing.
- The document was filed at Britain’s corporate registrar, Companies House, to update the official residency of the British royal for business records of Travalyst Limited.
- There had been little official confirmation of Harry’s residency status until this week, with an entry indicating a change of residency to June 29, 2023, the day the couple left Frogmore Cottage, their British home.
- It is unclear what type of U.S. visa or residency permit Harry holds, despite efforts by conservative activists in the U.S. to ascertain them, including an ongoing lawsuit.
Dr Esther Mahlangu to get an honorary doctorate from Unisa: In recognition of her mathematical prowess, Unisa will be awarding an honorary doctorate to Dr Esther ...
iol.co.za/news/dr-esther-mahlangu-to-get-an-honorary-doctorate-from-unisa-4d1eee48-e7ff-4470-abcc-53752dd25692
Salesforce bolsters Slack AI with smart recaps, more languages: Salesforce plans to use more Slack data to power AI-driven features, including the generation of ...
venturebeat.com/ai/salesforce-bolsters-slack-ai-with-smart-recaps-more-languages/
The triumph of Katharine Birbalsingh: There are two questions that need to be asked of any society: what is it that is going wrong; and what is it that’s going ...
spectator.co.uk/article/the-triumph-of-katharine-birbalsingh/
IMF Expects UK Economy to Be Big Growth Winner From AI Boom: The International Monetary Fund expects the UK economy to be one of the big winners from the ...
bloomberg.com/news/articles/2024-04-16/imf-expects-uk-economy-to-be-big-growth-winner-from-ai-boom
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Retail sales show zero growth despite 'fresh two-year high' for consumer confidence
news.sky.com/story/retail-sales-show-zero-growth-despite-fresh-two-year-high-for-consumer-confidence-13118307
Sanctions on Russian Metal Will Test the Limits of Its Epic Railroads: Moscow officials have turned east. Adapting the country’s vast logistics networks is ...
bloomberg.com/news/newsletters/2024-04-19/sanctions-on-russian-metal-will-test-the-limits-of-its-epic-railroads
Paris Hilton shares first photos of adorable baby daughter London: Paris Hilton has shared the first picture of her daughter, London, on Instagram - months after ...
metro.co.uk/2024/04/19/paris-hilton-shares-first-photos-adorable-baby-daughter-london-20683672/
Premier League left sweating on extra Champions League place after bad night for England
reuters.com/sports/soccer/premier-league-left-sweating-extra-champions-league-place-after-bad-night-2024-04-18/
Poe introduces multi-bot chat and plans enterprise tier to dominate AI chatbot market
venturebeat.com/ai/poe-introduces-multi-bot-chat-and-plans-enterprise-tier-to-dominate-ai-chatbot-market/
Kate Garraway fans say 'it's wrong on every level' as she despairs at council: Good Morning Britain star Kate Garraway reached out to Haringey Council via ...
mirror.co.uk/3am/celebrity-news/kate-garraway-fans-say-its-32604240
Quick Glance: Kate Garraway Fans Outraged Over Post to Deceased Husband
- Kate Garraway reached out on social media to address unsettling post received by her late husband Derek Draper.
- Following Kate's desperate plea, her fans sympathize with her and express outrage over the situation.
- Kate revealed the significant debts she has incurred due to Derek's care costs and discussed the lack of government support.
- Despite Derek's critical health condition and the substantial debt burden after his passing, Kate continues to struggle to receive the necessary assistance.
Clazar raises $10M Series A to modernize SaaS sales across cloud marketplaces: Clazar raises $10 million Series A to automate SaaS sales on AWS, Azure ...
venturebeat.com/ai/clazar-raises-10m-series-a-to-modernize-saas-sales-across-cloud-marketplaces/
Harry Styles stalker jailed after sending him 8,000 cards: Myra Carvalho had hand-delivered two of the letters to the pop star's address, a court hears.
bbc.com/news/articles/cy0l38jp19vo
Quick Glance: Harry Styles' Stalker banned from Gigs and London
- The 35-year-old Myra Carvalho was sentenced for stalking Harry Styles and sending him 8,000 cards.
- She received a 14-week prison sentence and a 10-year restraining order regarding Styles.
- Carvalho was instructed not to attend any event where Harry Styles is performing and could not enter a part of North West London.
- In addition to the penalties, she had to pay a victim surcharge of £134 and was prohibited from contacting Styles directly or indirectly.
Bank of England's Ramsden more confident UK inflation risks are ebbing: Bank of England Deputy Governor Dave Ramsden said on Friday that the risk of British ...
reuters.com/world/uk/boes-ramsden-says-inflation-could-hold-around-2-target-over-next-three-years-2024-04-19/
Financial Times: News, analysis and opinion from the Financial Times on the latest in markets, economics and politics
ft.com/
Drone program in focus: USA and Great Britain impose new sanctions against Iran: Washington and London react to Iran's major attack against Israel ...
spiegel.de/ausland/usa-und-grossbritannien-verhaengen-neue-sanktionen-gegen-iran-a-c0064177-290a-4c09-9fa5-42115e8ca2a0
Quick Glance: Israeli Push for Sanctions Against Iran Amid ‘Diplomatic Offensive’
- Israel has launched a “diplomatic offensive” against Iran, urging sanctions against the Islamic republic.
- Israeli Foreign Minister Israel Katz has called on 32 countries to impose sanctions on Tehran as Israel considers a military response to Iran’s attack.
- Israeli military sources reported intercepting 99 percent of aerial threats with assistance from the United States and allies, causing only minor damage.
- Tensions are high as Israel ponders its reaction to Saturday's attack while Germany calls for new sanctions related to Iran's drone supply to Russia for use in Ukraine.
AI2’s open-source OLMo model gets a more diversified dataset, two-stage curriculum
venturebeat.com/ai/ai2s-open-source-olmo-model-gets-a-more-diversified-dataset-two-stage-curriculum/
Prince Harry says travel industry must do more for local communities: Britain's Prince Harry said it was crucial the travel industry did better by the local ...
reut.rs/3xCNkZB
Paul McCartney and John Lennon’s sons come together in ode to Primrose Hill: James McCartney has released a single named after London’s famous landmark with a ...
thetimes.co.uk/article/paul-mccartney-john-lennon-sons-single-primrose-hill-k6txw2vrk
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Quick Glance: Sons of John Lennon and Paul McCartney Release New Single
- The most famous songwriting credit in history, Lennon-McCartney, has been revived - this time for a song written by the Beatles' sons.
- Primrose Hill, a track by Paul McCartney's son James, co-written with Sean Ono Lennon, is an acoustic ballad featuring a shuffling backbeat and contemplative guitar solo.
- McCartney described the song in an Instagram post as a vision he had as a child in Scotland: 'Primrose Hill is about getting the ball rolling with me & finding this person.'
- Fans also have the chance to acquire a unique piece of McCartney memorabilia - the open-top double-decker bus used by him and Wings for their 1972 European tour, expected to be auctioned for up to £200,000 on April 22.
Playing 26 roles in one production, Sarah Snook wins prestigious Olivier Award in London
smh.com.au/world/europe/playing-26-roles-in-one-production-sarah-snook-wins-prestigious-olivier-award-in-london-20240415-p5fjs6.html
Sterling wavers as markets gauge reported Israeli attack on Iran: The pound was little changed on Friday after falling to a five-month low against the dollar in ...
reuters.com/markets/currencies/sterling-wavers-markets-gauge-reported-israeli-attack-iran-2024-04-19/
Amazon could soon be forced to recognise UK's GMB trade union: U.S. technology and retail giant Amazon AMZN.O could soon be required to formally recognise the ...
reuters.com/world/uk/amazon-could-soon-be-forced-recognise-uks-gmb-union-2024-04-19/
Hannah Waddingham from Ted Lasso reprimands sexist photographer: British actress Hannah Waddingham reprimanded a photographer at an event in London for being ...
stern.de/lifestyle/leute/hannah-waddingham-aus-ted-lasso-weist-sexistischen-fotografen-zurecht-34632924.html
Quick Glance: Hannah Waddingham Confronts Photographer for Sexist Remark
- Hannah Waddingham slammed a male photographer during London’s prestigious Olivier Awards for asking her to show her leg.
- The heated exchange didn’t affect Waddingham’s hosting duties, showcasing her resilience.
- Waddingham’s telling-off went viral, earning praise for her strong stance against sexism.
- The award-winning actress has a history of speaking out against derogatory remarks and has been commended for her courage and determination.
York's bid for world heritage status remains on track: York's bid for world heritage status remains on track
yorkpress.co.uk/news/24259176.yorks-bid-world-heritage-status-remains-track/
ChatGPT essay cheats are a menace to us all : Students who outsource their thinking to AI tools pose a risk to future employers and more
ft.com/content/cde75f58-20b9-460c-89fb-e64fe06e24b9
Europa League: “What the fucking hell is that?”: At the game in London, Bayer Leverkusen fans supported their team by, among other things ...
11freunde.de/international/europa-league/west-ham-fans-machen-sich-ueber-huepfende-leverkusener-lustig-a-6c7374cc-5ceb-4e24-8758-1c5b59940ed0
Adobe to add AI video generators Sora, Runway, Pika to Premiere Pro: Today, Adobe announced it aims to update Premiere Pro to add plug-ins to emerging ...
venturebeat.com/ai/adobe-to-add-ai-video-generators-sora-runway-pika-to-premiere-pro/
Unleashing Generative AI: Transforming Business with Real-World Applications – The AI Impact Tour
impact.venturebeat.com/ai-impact-tour/responsible-ai-in-healthcare-emerging-hipaa-compliant-strategies-and-technologies/
Enfield: Man arrested after police officer stabbed in north London: A man has been arrested after a police officer was stabbed in the shoulder in north London.
news.sky.com/story/enfield-man-arrested-after-police-officer-stabbed-in-north-london-13116979
From boom to burst, the AI bubble is only heading in one direction : No one should be surprised that artificial intelligence is following a well-worn and ...
theguardian.com/commentisfree/2024/apr/13/from-boom-to-burst-the-ai-bubble-is-only-heading-in-one-direction
UK economy grew by 0.1% in February: Second monthly GDP increase in a row raises hopes the UK is emerging from technical recession
ft.com/content/ccf16f8c-acb8-400e-bc73-ae1edbe9cc9b
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Quick Glance: UK on Track to Exit Recession with Rising GDP
- Britain's GDP rose by 0.1% in February despite heavy rainfall affecting the construction sector and retail.
- Sectors like manufacturing and services experienced growth, while construction saw declines due to bad weather.
- Recent months of economic growth suggest the recession may soon come to an end, although pressure from the cost of living crisis and higher prices persists for households and businesses.
- Despite the positive growth in 2024, GDP remains below 2023 levels and has been stagnant since early 2022, with real wages continuing to decrease and many facing financial difficulties.
No trains on Essex line for 16 days this summer as 150-year-old bridge replaced: Greater Anglia, London Overground and Victoria Line services will be severely ...
essexlive.news/news/essex-news/trains-between-liverpool-street-chingford-9232895
Man who set fire to UK mosque worshippers indefinitely detained: A man who set fire to two men as they left mosques in Britain last year was sentenced to ...
reuters.com/world/uk/man-who-set-fire-uk-mosque-worshippers-indefinitely-detained-2024-04-17/
Europa League: Leverkusen is in the semi-finals and breaks Juve's competitive game record
sueddeutsche.de/sport/europa-league-bayer-leverkusen-west-ham-united-halbfinale-rekord-juventus-1.6563722
Why LLMs are predicting the future of compliance and risk management: Companies leading the race to integrate LLMs into compliance and risk management are using ...
venturebeat.com/security/why-llms-are-predicting-the-future-of-compliance-and-risk-management/
London mayoral election poll shows Susan Hall closing gap on Sadiq Khan as City Hall race hots up
standard.co.uk/news/politics/sadiq-khan-susan-hall-london-mayoral-election-poll-2024-closes-gap-b1152501.html
London Wall West Approved by City on Former Museum of London Site: The City of London approved a plan to build a new office block connected to the Grade 2 listed ...
bloomberg.com/news/articles/2024-04-17/london-wall-west-approved-by-city-on-former-museum-of-london-site
New LME Russia Metals Sanctions to Drive Sales to China: US and UK sanctions on Russian metals will cement China as Moscow’s buyer of last resort for key ...
bloomberg.com/news/articles/2024-04-15/new-sanctions-on-russia-to-drive-even-more-metals-sales-to-china
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UK mulls fresh controls on 'sensitive tech' after China cyber attack claim: Britain is exploring new curbs on China's access to "sensitive ...
thenextweb.com/news/uk-sensitive-tech-china-cyberespionage
Financial Times: News, analysis and opinion from the Financial Times on the latest in markets, economics and politics
ft.com/
Quarter of UK children aged 5-7 own smartphones, regulator finds: Ofcom report reinforces online safety concerns as social media apps show significant growth ...
ft.com/content/e4bd4d99-6109-490e-9020-3a6bf1ce8ad3
Hazelcast 5.4 real time data processing platform boosts AI and consistency: Real time data processing platform provider Hazelcast is doubling down on data ...
venturebeat.com/data-infrastructure/hazelcast-5-4-real-time-data-processing-platform-boosts-ai-and-consistency/
Is Britain’s most expensive coffee 75 times better than my £3.50 order?: Shot London in Mayfair charges up to £265 for a single cup of coffee ...
thetimes.co.uk/article/britain-most-expensive-coffee-taste-test-rxplmdxq9
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OpenAI and Meta ready new AI models capable of ‘reasoning’ : Upgrades are part of a wave of new large language models being released this year
ft.com/content/78834fd4-c4d1-4bab-bc40-a64ad9d65e0d
Quick Glance: OpenAI and Meta Prepare New AI Models Capable of 'Reasoning'
- OpenAI and Meta are on the verge of releasing new artificial intelligence models that are said to be capable of reasoning and planning.
- These upgrades are part of a wave of new large language models being released this year.
- Reasoning and planning are key steps towards achieving 'artificial general intelligence', allowing chatbots and virtual assistants to complete sequences of related tasks.
UK Brexit Border Rules on Imported EU Food to Add to Inflation: Allianz: Brexit border controls on certain foods imported to the UK from the European Union may ...
bloomberg.com/news/articles/2024-04-10/uk-brexit-border-rules-to-add-0-2-points-inflation-allianz-says
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Glaze 2: new version of anti-AI scraping tool for artists launches, video defense planned
venturebeat.com/ai/glaze-2-new-version-of-anti-ai-scraping-tool-for-artists-launches-video-defense-planned/
Lisa Armstrong's devastating 12-word reply to Ant McPartlin moving on with PA: After Ant McPartlin moved on with their former PA Anne-Marie Corbet ...
mirror.co.uk/3am/celebrity-news/lisa-armstrongs-devastating-12-word-32572495
Why do US celebrities love the UK? Because they don’t live here: Sarah Jessica Parker is the latest A-lister to lavish our fair isles with praise ...
theguardian.com/commentisfree/2024/apr/14/why-do-us-celebrities-sarah-jessica-parker-love-the-uk-because-they-dont-live-here
UK's Superdry unveils restructuring plan, equity raise: British fashion chain Superdry launched a restructuring plan on Tuesday that would result in rent ...
reuters.com/business/retail-consumer/uks-superdry-launches-restructuring-plan-announces-equity-raise-2024-04-16/
Airbnb is allowing my tenant to illegally sublet my house: It is enabling her to make money while she is refusing to pay rent
theguardian.com/money/2024/apr/15/airbnb-is-allowing-my-tenant-to-illigally-sublet-my-house
Expansion plans require 85,000 more childcare places by September 2025 : Pilot to explore how to repurpose unused school space to increase capacity for funded ...
theguardian.com/education/2024/apr/19/expansion-plans-85000-more-childcare-places-september-2025
Financial Times: News, analysis and opinion from the Financial Times on the latest in markets, economics and politics
ft.com/
UK financial sector seeks stronger accountability of regulators: A new sector-wide body could help ensure that Britain's financial regulators fully comply with ...
reuters.com/world/uk/uk-financial-sector-seeks-stronger-accountability-regulators-2024-04-18/
Czech billionaire Kretinsky's sprawling empire
reuters.com/world/europe/czech-billionaire-kretinskys-sprawling-empire-2023-10-05/
Qdrant launches first vector database as a managed hybrid cloud: Enterprises want to make the most of vector databases without sacrificing control of their data ...
venturebeat.com/ai/qdrant-launches-first-vector-database-as-a-managed-hybrid-cloud/
Platform versus Platformization: How CrowdStrike is winning the platform battle: In the second part of VentureBeat's interview, George Kurtz ...
venturebeat.com/security/platform-versus-platformization-how-crowdstrike-is-winning-the-platform-battle/
IMF says outlook for world economy is brighter but still modest by historical standards
pbs.org/newshour/economy/imf-says-outlook-for-world-economy-is-brighter-but-still-modest-by-historical-standards
Quick Glance: IMF upgrades global growth forecast despite risks
- The International Monetary Fund slightly raised its global growth forecast on Tuesday, noting that the economy had proven 'surprisingly resilient' despite inflationary pressures and monetary policy shifts.
- IMF's chief economist, Pierre-Olivier Gourinchas, indicated that the global economy is heading for a 'soft landing,' with risks to the outlook now broadly balanced.
- While advanced economies are expected to lead the growth, dim prospects in China and other major emerging markets could impact global trade partners, according to the report.
- Despite Tuesday's brighter outlook, global growth remains low compared to historical standards, partly due to weak productivity growth and increasing geopolitical fragmentation.
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