The International Monetary Fund says Britain faces a "sobering" economic outlook for 2023, as the country experiences a torrid time in the coming months in what is going to be the worst cost-of-living crisis in living memory.
"The announced fiscal plan navigates well the difficult trade off between fighting inflation and protecting household incomes in a recession primarily caused by the exogenous energy price shock," the IMF said in a statement released by the House of Commons' treasury committee on Thursday.
"The outlook for the UK economy is sobering: for 2023, output is expected to contract and inflation to remain elevated."
However, Harriett Baldwin, the Conservative lawmaker and treasury committee chair, said she was unhappy that senior IMF officials had so far declined her committee's invitation to testify before her. "I'm concerned that the IMF is in an untenable position, offering commentary to journalists but not being prepared to follow up with appearances before elected politicians."
Experts say the year 2023 will be a year of great economic strides for the UK......More Below
https://www.presstv.ir/Detail/2023/01/12/696212/IMF-UK-economy
By PHILLIP NIETO, US POLITICAL REPORTER
GOP lawmakers have released a trove of new emails from pedophile Jeffrey Epstein, including the financier claiming to have compromising photos of 'dirty' Donald Trump.
The House Oversight Committee, which includes Trump loyalist and Florida Representative Anna Paulina Luna, published 23,000 pages of documents from the estate of the deceased pedophile on Wednesday after the Democrats released a selective batch of emails earlier in the day.
Republican and Democratic members of the committee are investigating Epstein.....more below
Gustavo Petro said that the US president’s actions don’t help stopping drug traffickers
Colombian President Gustavo Petro has denounced the US strikes on alleged cartel vessels in the Caribbean Sea as the Pentagon announced a new operation to fight drug traffickers.
In an interview with NBC News, Petro did not mince words when criticizing US President Donald Trump. “He’s a barbarian,” Petro said in excerpts aired Thursday. “He wants to frighten us,” he added.
The Colombian president did not rule out that some of the vessels hit by the strikes were linked to cartels. “Maybe or maybe not. We do not know,” he said, adding that, “According to due process, the civilized treatment of people, they should be seized and detained.”
Petro described the victims as “poor boatmen” hired by cartels. “Then when one.....more below
China’s innovation drive is reaching fever pitch in 2025. Let’s cut to the chase and focus on four crucial domains.
1.The Huawei Factor
Huawei is already testing its first, self-developed EUV lithography machine capable of producing 3nm chips. Trial tests are going full blast at the research center in Dongguan, and mass production should start in 2026.
It’s impossible to overstate how much of a game-changing paradigm this Chinese breatkthrough – specifically in laser-induced discharge plasma (LDP) - is
all about. It’s set to turn the seminconductor technology...more below
