Money

IMF hints U.K. economy to perform worst out of G20 nations

Published

1 year ago

April 12, 2023

ticker NEWS

The IMF had already forecast that the U.K. would experience a downturn this year

The U.K. is set to be one of the worst-performing major economies in the world this year.

The International Monetary Fund says among the G20, which includes sanctions-hit Russia, the U.K. economy will perform the worst.

The IMF predicts the country’s economy will shrink this year.

It also warned of a “rocky road” for the global financial system.

The IMF had already forecast that the U.K. would experience a downturn this year.

It also predicted it would be at the bottom of the pile of the G7 – a group of the world’s seven largest so-called “advanced” economies.

The G7 dominate global trade and the international financial system.

The U.K. topped the group in 2022 during the pandemic rebound.

The IMF now expects the UK economy to shrink by 0.3% in 2023 and then grow by one per cent next year.

Money

Why the meme-stock frenzy is unlikely to repeat

Published

4 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

4 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

5 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending