hello there. we start here in the uk, where we are about to find out if the economy has fallen into recession that s defined as two quarters in a row of negative economic growth. we already know the uk s entire economic output, or gross domestic product, shrank in the three months to september by 0.3%. injust over an hour, we get gdp figures for october to december. anotherfall would mean the uk is officially in recession. let s talk to melanie baker, senior uk economist at royal london asset management. her group managing funds worth over £150 billion. melanie, what is your prediction? for what we will hear today? fellow consensus is for a flat figure today so the economy having stagnated and i ve pencilled in the small increase but lost the forecasters expect a small fall in output and i think either way, it s not the healthiest place for the uk economy to be. ideally, you want an economy to be growing brusquely quarter on quarter and that isjust brusquely quarter on qua
This is bbc news with the latest business headlines for viewers in the uk and around the world. recession or just stagnation? gdp figures could show the uk economy managed to grow in the last quarter, but there s still a tough year ahead. also coming up turkey gets a billion dollar pledge from the world bank as the earthquake piles pressure on its already desperate finances. plus, from sickness back to health: china s continues its covid recovery. but is that good news or bad news for global inflation? and all set for the brits. but with an all male shortlist for best artist, does the uk music business have an equality problem?
Airways. companies like that, carnival. whereas the retail sector has been slightly more mixed. having said that, jd sports is one of the best performers this year. as are some of the airlines and travel and leisure. there is, there was increased pessimism at the end of last year. we are now starting to see some of it bounce back, but is being reflected in certain sectors that were very depressed because of the penny pandemic. michael, thank you. pandemic. to our top global story now, the earthquakes in turkey and syria. the world bank has pledged funds totalling $1.78 billion to turkey to help finance relief and recovery operations. even before the disaster, turkey s economy has been facing a worsening crisis with soaring inflation and a collapse in the value of its currency. joao da silva in our singapore bureau has the details. any assistance is very much welcome right now. while the
Significant impact on living standards across the country. this $1.78 billion package won t be made available in full all the same time. 780 million will be made available by the world bank initially and $1 billion will be made available at a later stage. regardless of their timeline, the situation on the ground is of course very desperate and those funds will make a big difference. to china now, where growth last year was at its weakest in almost half a century as strict covid lockdowns and regulations brought much business activity to a standstill. with the end of the zero covid policy, the world s number two economy is taking off again. but will a resurgent china add to global inflation at a time when the rest of the world is hoping it will come down? duncan wrigley is chief china economist at the consultancy pantheon macroeconomics.
More than £17 a month. that is almost £210 annually and that is depending on the provider. ofcom, as mentioned is concerned at the degree of uncertainty that customers are facing as a result it is launching an investigation. 50 launching an investigation. so all of this, the inflation and stuff, this is the small print in the contract. is there any way you can wiggle out of these contracts or are you stuck with what you have? unfortunately, let s start what you have? unfortunately, let s start with what you have? unfortunately, let s start with the what you have? unfortunately, let s start with the lucky, - let s start with the lucky, customers who are not tied to a contract or who have come to the end of the contract could walk out if prices went up. customers are mid contract were struggling to pay a higher bill are left with no easy way out. so there are a lot of things that customers have to look into there. look into there. thank you so much for look into there. thank