let s turn our attentions to china now, and a situation that is beginning to worry the financial world. a post covid recovery in the world s number two economy is fizzling out, and rather than the soaring cost of living that s affecting much of the world, it s deflation that is now the big concern for china. people are seeing their wages cut. the cost of goods as they leave the factory that s something called the producer price index has been dropping for months because of lack of demand, and that slide is accelerating. may saw the steepest fall in producer prices in seven years 4.6%. let s speak now to david woo, former imf economist and wall street investment strategist who now blogs on the world of finance. welcome to the programme. does the data more generally support this that there is a deflationary wave spreading around the world?
forget inflation, it appears deflation is now threatening china s economy. a post covid recovery in the world s number two economy is fizzling out. people are seeing their wages cut and the cost of goods as they leave the factory, the producer price index , has been dropping for months because of lack of demand, and that slide is accelerating. may saw the steepest fall in producer prices in seven years at 4.6%. live now to janet mui, head of market analysis at rbc brewin dolphin. janet, lovely to see you. explain this for us. people might be think we have been facing prices going up for so long, prices coming down is not a bad thing, but it can be. 50.
negotiations. alternate music from both sides have been, no, we need to look at an alliance that reflects modern interests. thinking about what has happened in the last few years, the pandemic, the rising tensions with china, the war in ukraine, what we have on the table now is about tackling some of the fallout and concerns that have arisen from that, and also furthering some of the ambitions when it comes to net zero. in terms of what it means an absolute economic terms, it is a very minor gained. it is really about building up gained. it is really about building up that protection against the various challenges and concerns that trades are facing in the modern age. let s turn our attentions to china now and a situation that is beginning to worry the financial world. a post covid recovery in the world s number two economy is fizzling out and, rather than the soaring cost of living that s affecting much of the world, it s deflation that is now the big
scotland and northern ireland. set the scene then for sunday, still that high pressure setting of the uk. that weather frontjust that high pressure setting of the uk. that weather front just sort of fizzling out, if you like. and we ve gotten used to the breeze coming in, and that is going to bring in some of this cloud but is there in the north sea and to some eastern coast and more cloud across the southeast during the afternoon. sunshine elsewhere for england and for wales, and a warm day as well, but still that cloud for scotland and northern ireland, but not much rain coming from it in the afternoon and we may be more cloud across the southeast during the afternoon. sunshine elsewhere for england and for wales, and a warm day as well, but still that cloud for scotland and northern ireland, but not much rain coming from it in the afternoon and we make it a bit of sunshine in in the afternoon and we make it a bit of sunshine in the northwest of scotland. not going to do much for the