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Daily Herald #FBPE #NAFO

@dailyherald.bsky.social

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This platform comments on current affairs. We support the #Labour Party 🌹, #Liberty 🗽, #Equality ⚖️, and #Prosperity 💸. Facebook: http://facebook.com/DAILYHERA/ X: https://x.com/DailyHerald12?s=09

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Daily Herald #FBPE #NAFO @dailyherald.bsky.social · Feb 20

It is good that we have our modern Churchill/Attlee in President Zelensky. He has led his country to become the first line of defence against Fascism. We in the Daily Herald, the Labour party, and in Britain, will continue to support him in the face of Russia aggression.

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catcat1999.bsky.social @catcat1999.bsky.social · 1h

Yes, please do something about this nonsense.

Daily Herald #FBPE #NAFO @dailyherald.bsky.social · 6h

🚨 NEW: Nigel Farage has declared he will be the next Prime Minister

Asked by a host if he was speaking to the future PM, Mr Farage said: "Are you talking to the next prime minister? I think so, yes"

We have to stop this. #VoteLabour #StopFarage #Don'tSplittheVote

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Big D @bigdg.bsky.social · 55m

Slowly the truth is coming out about Reform, they got no interest in making Britain better or more wealthy, the only thing they care about is their bank balance, and Farage is at the heart of everything that’s corrupt about Reform

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SBAscore.com @sbascore.bsky.social · 18m

Great news for the UK economy! The upgraded forecast reflects strong early 2025 activity and benefits from the new US-UK trade deal. Positive momentum like this could drive further growth and stability.

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Alec Burrett @alecjburrett.bsky.social · 1h

Because of the fact that Slough is drawing on more electricity that it can receive from renewables and, causing net zero to go into reverse, I believe the site should have to generate as much from renewables as it needs in electricity, over the course of a year.

www.bbc.com/news/article...

Public inquiry for major data centre for Slough starts

The developer says the data centre in Slough would be of national and local significance.

www.bbc.com

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Daily Herald #FBPE #NAFO @dailyherald.bsky.social · 49m

The forecasts were released on the eve of the annual meetings of the IMF and World Bank attended by the world's finance ministers and central bankers in Washington DC, with considerable attention on a new US bailout for Argentina.

Daily Herald #FBPE #NAFO @dailyherald.bsky.social · 49m

There are also concerns about funding for the world's poorest countries now that aid budgets in many countries, such as the UK and US are being slashed in favour of increased defence spending.

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Daily Herald #FBPE #NAFO @dailyherald.bsky.social · 49m

Elsewhere, the IMF again pointed to the outperformance of the Spanish economy, the fastest-growing large western economy. But the war economy growth seen in Russia last year has now petered out.

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Daily Herald #FBPE #NAFO @dailyherald.bsky.social · 49m

Conversely, the IMF also said that "faster AI adoption" could help unleash significant gains in productivity, helping the global economy is handled appropriately.

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Daily Herald #FBPE #NAFO @dailyherald.bsky.social · 49m

Slow growth could hit household wealth, with a lesser ability of major economies to use government borrowing to support their economies, as occurred in recent crises.

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Daily Herald #FBPE #NAFO @dailyherald.bsky.social · 49m

The concentration of the stock market surge on a tiny number of firms and massive funding from less regulated sources outside the banking sector, were particular risks.

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Daily Herald #FBPE #NAFO @dailyherald.bsky.social · 49m

Disappointing profit numbers could lead to a "reassessment of the sustainability of AI-driven valuations and a drop in tech stock prices, with systemic implications. A potential bust of the AI boom could rival the dot-com crash of 2000–01 in severity".

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Daily Herald #FBPE #NAFO @dailyherald.bsky.social · 49m

The Fund also pointed to a possible bursting of the US AI tech boom.

"Excessively optimistic growth expectations about AI could be revised in light of incoming data from early adopters and could trigger a market correction," the IMF said.

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Daily Herald #FBPE #NAFO @dailyherald.bsky.social · 49m

So far tariffs have been reflected in higher prices for American shoppers of household appliances, but not for food and clothing.

The IMF cited Brexit as an example of how uncertainty around major changes in trading arrangements can, after a delay, lead to steady falls in investment.

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Daily Herald #FBPE #NAFO @dailyherald.bsky.social · 49m

The IMF expect some of this to unwind soon, saying "resilience is giving way to warning signs". In the US tariff costs which had been absorbed by exporters and retailers, are now feeding into higher goods prices.

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Daily Herald #FBPE #NAFO @dailyherald.bsky.social · 49m

The global outlook is dominated by the so far "muted response" of the world economy to the imposition of hefty tariffs on almost all imports into the US, a weakened dollar, questions about the independence of the US Federal Reserve and sky high valuations of US tech companies.

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Daily Herald #FBPE #NAFO @dailyherald.bsky.social · 49m

The IMF said a slight overall upgrade for the UK in its World Economic Outlook, from its previous outlook in April, was due to "strong activity in the first half of 2025" and an improved trade outlook, partly thanks to the recently announced US-UK trade deal.

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Daily Herald #FBPE #NAFO @dailyherald.bsky.social · 49m

Chancellor Rachel Reeves welcomed the fresh upgrade to the IMF's outlook for the UK's economy.

"But know this is just the start. For too many people, our economy feels stuck," she said.

"Working people feel it every day, experts talk about it, and I am going to deal with it."

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Daily Herald #FBPE #NAFO @dailyherald.bsky.social · 49m

However, Canada is expected to retake second place next year when its economy is forecast to grow by 1.5%.

Germany, France and Italy are all forecast to grow far more slowly at rates of between 0.2 and 0.9% in 2025 and 2026.

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Daily Herald #FBPE #NAFO @dailyherald.bsky.social · 49m

In the IMF's forecast for economic growth, external, it predicts the UK will push Canada out of second place, after its trade-war-affected economy was hit by the biggest downgrades for 2025 and 2026.

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Daily Herald #FBPE #NAFO @dailyherald.bsky.social · 49m

The G7 are seven advanced economies - the US, UK, France, Germany, Italy, Canada and Japan - but the group doesn't include fast-growing economies such as China and India.

The IMF is an international organisation with 190 member countries. They work together to try to stabilise the global economy.

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Daily Herald #FBPE #NAFO @dailyherald.bsky.social · 49m

However, UK inflation is set to rise to the highest in the G7 in 2025 and 2026, the IMF predicts, driven by larger energy and utility bills.

UK inflation is forecast to average 3.4% this year and 2.5% in 2026 but the IMF says this will be "temporary", and fall to 2% by the end of next year.

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Daily Herald #FBPE #NAFO @dailyherald.bsky.social · 49m

The UK is forecast to be the second-fastest growing of the world's most advanced economies this year, according to new projections from the International Monetary Fund (IMF).

The IMG predict 1.3% GDP growth for this year and next, which outperforms the other G7 economies apart from the US in 2025.

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John Rob @dennisobell.bsky.social · 5h

All that'll amount to nothing more than a slight talking to.

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Westy @westy44.bsky.social · 4h

Forgot… bit like Hunt forgot about his flats or Zahawi forgot the he was claiming to heat his stables.

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annmayevans.bsky.social @annmayevans.bsky.social · 4h

Hope so

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