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UK economy grew 0.1% in August ahead of Healey's first Budget The UK's economy grew slightly in August, according to the last set of official figures before John Healey's Budget. With the chancellor planning to set out his tax and spending plans later this month, the Office for National Statistics (ONS) said the economy expanded by 0.1%, which was better than analysts had expected. The small increase follows growth of 0.4% in July, as well as positive upgrades to the outlook for Britain's economy from global watchdog the International Monetary Fund (IMF). But Healey still faces a challenge to to deliver a balanced Budget without turning to more borrowing. Britain's economy was boosted in August by an increase in production, which includes manufacturing, oil and gas extraction and energy supply.

Image caption, The managing director of the IMF, Kristalina Georgieva, has praised the UK's approach to debt reduction. Get your fiscal health in order, is a key message at the the International Monetary Fund's (IMF) annual meeting here in Thailand. The IMF is worried about the debts of the world's biggest economies. It is doing its job as a watchdog, looking for and warning about financial vulnerabilities. In the meantime, the finance ministers of former crisis countries are boasting about how little their borrowing costs have gone up, compared to the world's biggest economies, such as the US.

Countries around the world have had their future economic prospects assessed by influential body, the International Monetary Fund (IMF). What the IMF says matters - it aims to keep the global economy stable and its twice-yearly forecasts are one of the most authoritative looks at what is really going on around the world. Yet like all forecasts they can also turn out to be incorrect, so they shouldn't be treated as gospel. Here are three things we've learnt about the UK from the IMF's latest report. The global economy has been rocked by the US-Israel war with Iran. The transportation and production of energy in the Middle East has been severely disrupted, causing oil prices to jump and inflation to rise.

Kristalina Georgieva, before the start of the IMF-World Bank annual meeting in Singapore, said economic policy chiefs could not keep delaying action. Kristalina Georgieva, before the start of the IMF-World Bank annual meeting in Singapore, said economic policy chiefs could not keep delaying action. Kristalina Georgieva says big economies will have to make'very touch choices' as soaring bond yields hit budgets The head of the International Monetary Fund has called on governments across big economies to tighten their belts as soaring bond yields hit budgets. Speaking in Singapore, the IMF's managing director, Kristalina Georgieva, said global debt-to-GDP ratios were at their highest level since the second world war and on course to hit 100% in the coming years. She said governments could not rely on rapid economic growth to lift the burden of debt - and instead would have to make "very tough political choices".

There is an eerie emptiness at the seat of US economic power. The US Treasury is in shutdown like much of the federal government. Most staff are furloughed as the world's finance ministers and bankers jet in for the International Monetary Fund annual meetings a few blocks away, their delayed flights handled by a small number of unpaid air traffic controllers. There is, however, one clear message the Trump administration is notably keen to get out, not so much for its domestic audience but for the bewildered world outside. And they delivered it in the middle of last week to a small number of people ushered into the Treasury and what is said to be the finest room in Washington DC, the ornate and marbled Cash Room, which hosted the inaugural reception for post-civil war president, Ulysses Grant.

The UK is forecast to be the second-fastest growing of the world's most advanced economies this year and next, according to new projections from the International Monetary Fund (IMF). The rates of growth remain modest at 1.3% for both years, but that outperforms the other G7 economies apart from the US, in a torrid year of trade and geopolitical tensions. 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. 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.

"Double, double toil and trouble; Fire burn and cauldron bubble." As Shakespeare's witches foretold chaos through cryptic prophecies, modern capital markets grapple with systemic risks concealed by opaque AI systems. According to IMF, the August 5, 2024, plunge in Japanese and U.S. equities can be linked to algorithmic trading yet absent from existing AI incidents database exemplifies this transparency crisis . Current AI incident databases, reliant on crowdsourcing or news scraping, systematically overlook capital market anomalies, particularly in algorithmic and high - frequency trading. We address this critical gap by proposing a regulatory - grade global database that elegantly synthesi s es post - trade reporting frameworks with proven incident documentation models from healthcare and aviation. Our framework's temporal data omission technique masking timestamps while preserving percentage - based metrics enables sophisticated cross - jurisdictional analysis of emerging risks while safeguarding confidential business information. Synthetic data validation ( modelled after real life published incidents, sentiments, data) (n=2,999 incidents) reveals compelling patterns: systemic risks transcending geographical boundaries, market manipulation clusters distinctly identifiable via K - means algorithms, and AI system typology exerting significantly greater influence on trading behaviour than geographical location, This tripartite solution empowers regulators with unprecedented cross - jurisdictional oversight, financial institutions with seamless compliance integration, and investors with critical visibility into previously obscured AI - driven vulnerabilities. We call for immediate action to strengthen risk management and foster resilience in AI - driven financial markets against the volatile "cauldron" of AI - driven syste m ic risks.

A number of big themes emerged from the World Economic Forum in the Swiss resort Davos. Here are five of most pressing questions that came to dominate this year's gathering of the global elite. Donald Trump's trade war with China – continued by his successor Joe Biden – has left relations between east and west at rock bottom. But with Covid and trade tensions halving Chinese growth last year to just 3% and western businesses such as Apple moving business out of the world's second-biggest economy, Beijing has hinted it may adopt a less-hostile approach. Vice-premier Liu He appeared on the main stage at Davos to assure foreign investors that after three years of Covid disruption, it was open for business.