Geopolitical tensions and how it could drive up prices for all, especially poorer countries. Weve cut our forecast down from 1. 7 in april, cut it down to 0. 8 . We have already said risks were the downside when we made this earlierforecast, so down by almost one percentage point. There are number of factors, the continuing crisis in the world that we see and now of course we have the crisis in The Middle East. We have the slowdown in growth in china, we also have high Interest Rates that have continued. We see weak demand across the board in most sectors and most geographies. Thats why we cut the forecast. How much of this is actual policy . Were hearing from the west this idea of nearshoring, friendshoring, Rebuilding Supply Chains away from east asia. How much of this is here to stay and how much of a problem is that . We saw there is more trade ongoing now within politically similar blocks number than between blocks that are dissimilar. That is some indication. We look at certain s
Of duty, candy crush and World Of Warcraft is the biggest in gaming history. The takeover was blocked in april this year by the uks Competition Regulator over concerns the us Computing Giant would secure too strong a foothold in the nations cloud gaming market. The delay has been a setback for microsoft, which at the time called the british decision bad for britain and the companys darkest day in its four decades of working in the uk. Well, i think for gamers theres going to be very little thats going to become apparent immediately. And one of the reasons for that is that because of the delay in getting this deal done, microsoft and activision have ended up missing the christmas and holiday promotional season. Therell be no joint promotions. Therell be no joint initiatives. It will really be 2024 before we see activision games on microsofts Subscription Service game pass. And then it be 2025 before we see call of duty, which is the one game that everyone is really looking forward to.
Weve got our forecast down from 1. 7 in april, down to zero point a present. We have already said risks were the downside when we made this forecast was up is down by almost one percentage point. There are number of factors, the continuing crisis in the world that we see and now of course we have the crisis in The Middle East. We have the slowdown in growth in china, we also have high Interest Rates that have continued. We see weak demand across the board for them in most sectors in most geographies. Thats why we cut the forecast. Cut the forecast. How much of this is actual cut the forecast. How much of this is actual policy . Cut the forecast. How much of this is actual policy . Were. This is actual policy . Were hearing from the west this idea of nearshore income of french or income of Rebuilding Supply Chain away from east asia for the friend sharing. How much of this is here to stay and how much of a problem is that . We saw there much of a problem is that . We saw there is much o
but is that now unravelling, and how much damage could it do to the global economy? amid growing hostilities, politicians, they ve been putting up more barriers to trade, in particular when it comes to the technology of the future. in may, the us slapped a range of new tariffs or import taxes on china, hitting products including electric vehicles, their batteries and solar panels. and the european union, it s announced new tariffs of up to 38% on chinese electric cars, which are set to come into force onjuly 4th. now, if talks fail to solve the differences, china, it s reportedly looking at tariffs on europe s farmers, including the pork industry, as well as french cognac and luxury cars. so, why is all of this happening? well, the world s two biggest economies want control of the technology of the future, and in the west, at least, politicians want to protect jobs in the hopes of winning votes. china heavily subsidised all of these products, pushing chinese companies to prod