Transcripts for BBCNEWS World Business Report 20240604 04:30:15 archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.
Effectively what the government has had to do is use its resources not for developing the economy offer big infrastructure projects or the development plans they have talked about, it is now using the money available to kinder provide employment subsidy, to make social payments, to keep the country stable as well as of course fund the conflict in ukraine. so the real impact is more in terms of russia s future development. the economy is now stagnant, it will not fall into crisis but it is not going to grow or expand either. thank you, chris from macro advisory speaking to us from moscow. staying with russia, the french cosmetics chain l 0ccitane has announced it will be closing all of its russian shops and website, only days after saying it would keep its stores open. the firm decided to make a u turn, after some customers criticised the company for its decision, and called for a boycott of the brand. last week, l 0ccitane told the bbc last week it was keeping its shops open
China should try to open up a bit, of course they have to balance different priorities so it s difficult. it s difficult. mark, thank you very much- to sri lanka now, where regulators have suspended trade at the colombo stock exchange for the next five days, as the country grapples with its worst economic crisis in decades. the country is struggling to repay its huge foreign debt and its officials are due to meet with the international monetary fund later today. for more on this, monica miller joins us from our singapore bureau. sri lanka seems to be going from one crisis to another? these talks are crucial for sri lanka later today, they will have to convince the imf they do have a restructuring plan in place that they are in a place to actually implemented and we are projecting that plan might be three or $4 billion worth of help. however it won t be
Russian invasion. china eastern airlines has resumed commercial flights of its boeing aircraft less than a month after a 132 people were killed in a crash involving the aircraft. the airline says it has conducted all relevant tests and aircraft is safe to fly. stark warning from the international monetary fund. it says the global economy is likely to have a double hit from slower growth and higher inflation, it is having its spring meeting this week and its managing director said we are facing a crisis, on top of are facing a crisis, on top of a crisis. joining me now is scott sumnerfrom george a crisis. joining me now is scott sumner from george mason university. a very stark warning is there anything really that policymakers around the world can do about it?