G20 Summit in Bali: Apart from the Russia-Ukraine conflict and its impact on the global economy, another event being watched with interest is a meeting expected Monday between US President Joe Biden and Chinese President Xi Jinping.
between the two men at the beginning the 7, on today. between the two men at the beginning the 7 on today. so of the meeting earlier on today. so we ll be back there when we do have byjoe biden. the prime minister has told broadcasters at the g20 summit in bali that there are difficult choices ahead on the economy but that thursday s autumn statement would be fair and compassionate . i think actually, being here reminds everyone that the challenges that we face at home are global in nature. the global economy is recovering from covid and the after shock. there also russia s war in ukraine as a primary drive for energy prices and inflation. that is why the imf has made the point that actually, almost a third of the world s economy will be in recession. we are not alone in these challenges. i know a lot of leaders here will be talking about how wood can we make global economy resilient to rising inflation rates. we now need to take some difficult decisions but that is
of the g20 summit in bali. so let s talk to david sanger. david, good morning, and thank you for joining us. i wonder what you are watching ahead of this summit as this meeting between biden and xi is under way right now? reporter: good morning and great to be on the new show with all of you. i have to say that this meeting has a lot of high stakes to it. even if you don t hear a whole lot of specific deliverables at the end. the leaders of the world s two largest economies have never met as president. they ve talked on the phone, partly that was because of covid but partly that was because of the spiraling relationship spiraling downward between the u.s. and china. and we are at the point right now where the relationship is probably the worst it has been since nixon did the opening to china in the early 1970s. that s 50 years.