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AI could dwarf Industrial Revolution’s impact on ‘all elements of life,’ senior UK official says
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Biden admits Inflation Reduction Act had ‘less to do with inflation’ than he originally sold to Americans
President Biden admitted Thursday that Democrats’ signature Inflation Reduction Act wasn’t as much about actually reducing the then-record-high inflation facing the nation as he originally touted to the American people. “I wish I hadn’t called it that. It has less to do with inflation than it does providing alternatives to economic growth,” Biden said during […]
Brazil’s Central Bank Raises 2024 GDP Forecast to 3.2%
Brazil’s Central Bank has increased its 2024 economic growth forecast to 3.2%, matching the expectations of the Finance Ministry. The bank’s previous estimate in June stood at 2.3%. Despite this positive outlook, the Central Bank anticipates a slowdown in economic growth for 2025. The upward revision stems from an unexpectedly strong performance in the second […]