hello and welcome to audiences in the uk and around the world. i m victoria fritz. we start here in the uk, with warnings that the country is set for the slowest growth of the g7 nations next year. for context, the uk is not alone, the imf says the global economy will shrink for the first time since 2020, why? partly the pandemic, partly the warn in ukraine, but the risk of recession is rising, and the uk is vulnerable. here are the numbers. the imf has revised down its growth for next year, from 1.2% to just 0.5%. significantly behind the us and europe at over i%, and the globalfigure of 2.9% growth in 2023. so why would the uk fare comparatively worse? well part of the problem is the uk s reliance on fossil fuels, making up 76% of our energy mix, compared tojust under 60% across the eu. let s listen to the imf s chief economist. the one thing that worries me more about the uk economy is that their inflation numbers seem to quite high, there are quite high gas prices and wat
afford items, that equation will balance and really no one knows the magic number, of course the federal reserve is going to do its best to guess what that magic number is but we not there yet and the federal reserve will continue raising rates in order to find that balance of where the american consumer pulls back a bit and start to get their prices under control. fik bit and start to get their prices under control. 0k chris, thanks very prices under control. 0k chris, thanks very much. prices under control. 0k chris, thanks very much. chris - prices under control. 0k chris, | thanks very much. chris kimball there. rates arent the only thing on investors minds. its earnings season for big tech, and the latest to post is google s parent company alphabet. who, although showing a slip in revenue, came close enough to expectations to send share prices up. and this is where size matters, the world s biggest retailer of online advertising is likely to withstand the global economic head
i ve heard that rand paul is supposed to be where casick lives, the state of ohio, the effort to get out both sides of the vote which my sources tell me is very very close. k chris, the jeep ad that governor romney ran and there is s been some hammering about it quietly, has that been a decisive thing, are we going to look back at this and say romney came up short in ohio because of the jeep ad? you know, chuck. i think it s going to be fascinating. when you think of one of the earliest decisions that the president made was that auto bailout that that may be the defining issue. and my democrat sources say that it just showed desperation, it smacked of desperation and even some republicans have told me that he needed to take on the auto bailout sooner rather than what happened in this last week with this ad in toledo.
k chris, the jeep ad that governor romney ran and there is s been some hammering about it quietly, has that been a decisive thing, are we going to look back at this and say romney came up short in ohio because of the jeep ad? you know, chuck. i think it s going to be fascinating. when you think of one of the earliest decisions that the president made was that auto bailout that that may be the defining issue. and my democrat sources say that it just showed desperation, it smacked of desperation and even some republicans have told me that he needed to take on the auto bailout sooner rather than what happened in this last week with this ad in toledo. larry, if you could have only one county to watch, what county would you pick? probably lauden county. president obama doesn t have to win it.