is the outlook a little brighter? that s the talk in davos as business leaders and top government officials discuss the recent changes in the global economy. china s move to drop strict covid controls is seen as a boost and now the international monetary fund may soon upgrade its economic forecasts. today, we ll get a sense of how challenging the economic environment is across europe. in a few hours time, we ll get the latest inflation numbers in the uk and eurozone. joining me now is katharine neiss, chief european economist at pgim fixed income. good to see you. let s start with the inflation figures. the
world now costs less than one third of what it did in 2021. that is one reason why the bank of england expects double digit inflation to drop back to single digits in spring. for now, however, it is all about those price shocks. those price shocks. milk, butter, dairy those price shocks. milk, butter, dairy foods. - those price shocks. milk, i butter, dairy foods. bread. havin: butter, dairy foods. bread. having been butter, dairy foods. bread. having been filling - butter, dairy foods. bread. having been filling up - butter, dairy foods. bread. having been filling up the i butter, dairy foods. bread. i having been filling up the car. fruit having been filling up the car. fruit tea having been filling up the car. fruit tea seems to have gone from fruit tea seems to have gone from £1 fruit tea seems to have gone from ii to fruit tea seems to have gone from ii to £2 fruit tea seems to have gone from £1 to £2 25. fruit tea seems to have gone from £1 to £2 25. you -