Compared to the last asessment in january. Its big concern is about inflation the rate at which prices are rising. On the global measure the imf is using, it thinks it will be 2. 8 by the end of this year and warns that getting inflation back to their 2 target should be the priority for central banks. For many politcians thats been a key concern as they try to ease Cost Of Living pressures for people around the world. Heres the imf s chief economist. The Global Economy continues to display remarkable resilience with Growth Holding steady and inflation declining. But many challenges still lie ahead. Global growth was 3. 2 in 2023 and is expected to remain at that level both in 2024 and 2025. This represents a 0. 3 percentage point upgrade from our 0ctober projections for 2024, with stronger activity than expected in the us, china and other large emerging markets, but weaker activity in the euro area. 0ur correspondent Michelle Fleury is following this from new york. Lets begin by talkin
As india struggled under the second highest number of covid cases in the world, the number of daily deaths remains dangerously high wheat report from delhi. We report. The uk government is urging businesses to make their final preparations for brexit a month before the transition period ends. Growing fears for brazils amazon, as it emerges that more of the rainforest was destroyed last year than at any time in the past decade. New scientific analysis suggests the Global Climate change picture is looking more positive, with the goals of the paris accord within reach. Also coming up this hour, formula i World Champion Lewis Hamilton will miss this weekends grand prix in bahrain after testing positive for coronavirus. Hello and welcome if you are watching in the uk or around the world, stay with us for the latest news and analysis from here and across the globe. One of the uks Major Department store chains, debenhams, is to be liquidated after talks about a possible rescue have come to an
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