I.M.F. Raises U.S. Economic Forecast as Other Regions Lag

It is projecting 2.7 percent growth for 2025. But uncertainty about pending Trump policies looms over the global economic trajectory.

Topics

Los Angeles wildfires exacerbate the region's housing crisis

The wildfires have destroyed more than 12,000 structures, and a Southern California housing shortage that was already serious has been made even more dire.
CBS News - 1d
Extreme cold weather forecast for U.S.

Major football events in the U.S. will carry on in frigid temperatures that are expected nationwide. CBS News Bay Area meteorologist Jessica Burch has the latest weather forecast.
CBS News - 1d
IMF warns on Trump's plans but upgrades UK outlook

Trump's policies could benefit the US, but not the rest of the world, the IMF says
BBC News - 1d
U.S. economy poised to lead the global pack in 2025, IMF says. Here’s why.

The U.S. economy has separated itself from the global pack — and its lead could widen in the new year.
MarketWatch - 1d
IMF upgrades UK growth forecast and takes swipe at Trump plans

UK economy predicted to grow by 1.6% this year as fund warns of potentially destabilising effect of Trump policy. • Business live – latest updates . The International Monetary Fund has upgraded ...
The Guardian - 1d
Trump’s policies risk stoking inflation and preventing rate cuts, IMF warns

Taking drive for deregulation too far could push the US on to a ‘dangerous boom-bust path’, fund cautions
Financial Times - 1d
California fires weather forecast: Winds begin to relax, but forecast to return

The winds fueling fires in Southern California are beginning to relax, but the forecast calls for their return next week.
ABC News - 2d
Will the Democrats overcorrect on US economic policy?

Bidenomics’ lasting legacy may depend on Republican success
Financial Times - 2d
FDA bans Red No. 3, artificial dye used in beverages, candy and other foods

The FDA said Wednesday it’s banning the use of Red No. 3, a synthetic dye that has been linked to behavioral problems in children and cancer in animals.
NBC News - 3d
Amazon Web Services Launches Infrastructure Region in Mexico

The cloud business of Amazon.com has launched an infrastructure cloud region in Mexico and plans to invest $5 billion in the country over the next 15 years.
The Wall Street Journal - 4d
How Lagging Vaccination Could Lead to a Polio Resurgence

In its original form, the virus survives in just two countries. But a type linked to an oral vaccine used in other nations has already turned up in the West.
The New York Times - 5d
A stick-figure drawing in a North Korean soldier's diary showed how Pyongyang's troops wanted to use each other as drone 'bait'

Yahoo News - 5d
Russian forces advance towards Dnipro region

Troops bypass urban warfare in Donetsk and push towards highway leading to Dnipropetrovsk
Financial Times - 6d
Indonesia and Japan promise deeper defense and economic ties as regional tensions spike

Japan and Indonesia have pledged to deepen economic and defense ties during a visit by the Japanese prime minister amid heightened global geopolitical tensions
ABC News - Jan. 11
Threat of Trump tariffs adds to global economic uncertainty, IMF warns

Kristalina Georgieva says unpredictability of US trade policy is driving up borrowing costs around the world
Financial Times - Jan. 10
Labour’s economic reality check approaches

Rising cost of borrowing piles pressure on UK fiscal rules and government’s promises, but politics make cuts complicated
Financial Times - Jan. 10
Texas and Virginia region covered in snow and sleet

A mix of snow and sleet have covered a stretch of the U.S. from Texas to Virginia. Some 53 million Americans were under winter weather alerts on Thursday. CBS News' Jason Allen tracks the storm.
CBS News - Jan. 9
U.N. Raises Global Growth Forecast, but Warns of Potential Inflation Risks

An increase in trade barriers would likely reignite price pressures, the organization says ahead of Trump’s plan to impose new tariffs.
The Wall Street Journal - Jan. 9
The looming battles over US economic policy thinking

Both Republicans and Democrats are split between populist and oligarchic visions
Financial Times - Jan. 9
Trump Raises Using Military or Economic Force to Take Greenland and the Panama Canal

In an hourlong news conference at his Florida club, Mar-a-Lago, the president-elect delivered a hodgepodge of grievances, complaints and false claims.
The New York Times - Jan. 8
Trump says he would use "economic force" to acquire Canada, but does not specify how

One day after Congress certified the 2024 election, and less than two weeks from his inauguration, President-elect Donald Trump addressed reporters on Tuesday in a wide-ranging 75-minute news ...
CBS News - Jan. 7
Winter Storm Forecast to Bring Snow and Ice to Texas

Just after the season’s first major winter storm, snow and ice are set to sweep across Texas and into the Carolinas this week.
The New York Times - Jan. 7
‘A snowball’s chance in hell’: Trudeau rejects Trump threat to annex Canada

President-elect threatened to use ‘economic force’ to make northern neighbor part of US. Justin Trudeau has rejected threats from Donald Trump that the US could use “economic force” to annex its ...
The Guardian - Jan. 7
The latest forecast covering the UK

BBC weather presenter Darren Bett has the latest UK forecast for Tuesday.
BBC News - Jan. 7
Ukraine renews attack on Russia's Kursk region

It comes as Ukraine's president says only the US can provide security guarantees leading to an end to the war.
BBC News - Jan. 6
Moldova blames Russia for energy crisis in breakaway region

People of Transnistria forced to chop wood to heat homes after gas transit deal via Ukraine expires
Financial Times - Jan. 6
Trudeau resigns as inflation and other economic woes keep toppling leaders around the world

The move by Canadian Prime Minister Justin Trudeau is a fresh sign of how inflation and other economic headwinds have hammered incumbent parties around the world in the past 12 months.
MarketWatch - Jan. 6
See the latest forecast covering the UK

The BBC's Carol Kirkwood explains what the next few days will look like across the UK.
BBC News - Jan. 6
Ukraine presses attacks in Russia's Kursk region

Zelenskyy says he will urge allies to boost his country's air defenses this week
ABC News - Jan. 5
Ukraine Attacks Kursk Region of Russia Anew

Ukrainian forces’ assault was in the Russian region where they made a surprise incursion last summer.
The New York Times - Jan. 5
Ukraine launches counterattack in Russian border region

Ukrainian President Volodymyr Zelenskyy said he will again call on allies to boost his country's air defenses at a Ramstein group meeting in Germany this week.
CBS News - Jan. 5
Ukraine launches new offensive in Russia's Kursk region

Ukraine launched a surprise new offensive in Russia’s Kursk region on Sunday, aiming to strike back after months under pressure ahead of President-elect Donald Trump’s inauguration.
NBC News - Jan. 5
Ukraine launches surprise operation in Russia’s Kursk region

Footage purports to show Ukrainian armoured columns advancing towards village of Bolshoe Soldatskoe. Ukrainian armed forces began a surprise offensive in Russia’s Kursk region on Sunday, in an ...
The Guardian - Jan. 5
Only US leadership can stop China’s economic power in Latin America

The only way to stop China’s accelerated advance in Latin America continues to be democracy and the counterweight of greater leadership from Europe and the U.S.
The Hill - Jan. 4
What to expect in 2025 if economist forecasts are as bad as usual

Nobody has a crystal ball, and that’s demonstrated every year when Wall Street’s professionals hazard a guess on what to expect for the following year.
MarketWatch - Jan. 4
Recovery in US car sales eases fear of economic malaise settling in

Strong purchase data to end the year reverses downward trend as lower interest rates and better deals lure buyers
Financial Times - Jan. 3
Britain’s economic gloom is overdone

The government can tackle bad vibes with a positive vision for growth
Financial Times - Jan. 3
US Teenager Fighting for His Life After Father and 2 Others Killed in Mexico

Jason Peña, now 14, was shot in the head on a highway in the state of Durango, a family spokeswoman said. His father and uncle, both U.S. citizens, and a Mexican relative were also killed.
The New York Times - Jan. 2