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Inflation hurts But White House economists find that it s even worse in every other G7 nation

The United States is recovering faster than its peers from the historic bout of inflation squeezing families and souring the mood of the nation, according to a new analysis from White House economists.

Inflation hurts But White House economists find that it s even worse in every other G7 nation | Business

BBCNEWS BBC News June 4, 2024 12:06:00

been opening up between the advanced economies and the global south since the russian invasion. and that really political and economic competition there is intensifying. and so much of this is all centred around the rivalry with china, where i think we saw some of the strongest and sharpest language that we ve had at a g7 so far. you mentioned china there. and when it comes to technology, you mentioned the word technology. that s where china comes into this as well. in terms of security, do you think that s a big aspect of this g7? well, i think one of the things that was striking about this g7, notjust the statement itself, we ve had a couple of g7 summits where you have relatively firm language on technology, economic relations with china, but then you have the leaders coming out of the meeting and then making a point of differentiating their own positions, saying china is still a partner. we don t want decoupling. i think what we thought this one was something that was a bit more

CNN CNN Newsroom June 4, 2024 14:04:00

i think there was a question of substance. of course, there was the loss of that some $60 billion submarine deal to france. but there was the way in which it had been announced since europeans learned about it, from the press conference that president biden held with his british and australian counterparts. i think that really ruffled their feathers. the ambassador recalled since they ve patched things up and both sides we re told have taken measures to try to restore trust. it really had become an issue of trust. and yet, things ahead of that bilateral meeting we re going to be following today, not as simple as you might think. after that submarine deal, all the events in ukraine brought these transatlantic allies together, various g7 summits at nato specifically. behind the unity, the question of the consequences of the war. we in europe are facing a very chilly winter with extremely high energy prices.

BBCNEWS BBC News June 4, 2024 08:38:00

and it wasn tjust any way. and people listened to her and it wasn t just a any way. and people listened to her and it wasn tjust a heads of any way. and people listened to her and it wasn t just a heads of the commonwealth, it is heads from countries across the world. so that experience that she had, that light touch, that abilityjust experience that she had, that light touch, that ability just to give experience that she had, that light touch, that abilityjust to give a little nudge was extraordinarily helpful for them little nudge was extraordinarily helpfulfor them but little nudge was extraordinarily helpful for them but also for us in terms of the relationship between britain and other countries. flan terms of the relationship between britain and other countries. can you cive us an britain and other countries. can you give us an example britain and other countries. can you give us an example of britain and other countries. can you give us an example of other- britain and other

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