IlluMyFi

New report upgrades outlook for UK economy with growth now forecast at 1.1% rather than 0.7%

While the IMF is upbeat about global growth it knows where dangers lurk

The International Monetary Fund has warned the trade tariffs favoured by US presidential candidate Donald Trump could hurt global growth, as it upgraded its forecast for the UK economy.

The Washington-based organisation said tariffs trigger tit-for-tat trade wars that impoverish the economies involved in the dispute and the wider global economy.

Sentiment

-0.98

Bearish/Bullish

22.10.24 06:29

by theguardian.com

Social media algorithms need overhaul in wake of Southport riots, Ofcom says

Watchdog issues warning over misinformation after trouble that flared following killing of three girls on Merseyside

Social media algorithms must be adjusted to prevent misinformation from spreading, the chief executive of Ofcom has warned, responding to the rioting that broke out after the killing of three girls in Southport this summer.

Misinformation about the Southport killings proliferated despite tech firms and social media platforms’ “uneven” attempts to stop it, wrote the Ofcom chief executive, Melanie Dawes, in a letter to the secretary of state for science, innovation and technology, Peter Kyle.