And events costs are set to climb higher through the remainder of 2023 and into 2024, due to inflationary pressures. Joining me now is suzanne neufang, whos the ceo of the Global Business travel association. Welcome, good morning. Is this a surprise . Its been awhile since pandemic now. I a surprise . Its been awhile since pandemic now. A surprise . Its been awhile since pandemic now. I wish it were. Since pandemic now. I wish it were but since pandemic now. I wish it were. But in since pandemic now. I wish it were. But in shortterm since pandemic now. I wish it were. But in shortterm memory, were. But in short term memory, just a year ago we were still really from omicron variant s. So we did expect last year that it would be a slower recovery so we were delighted at this time time last a great deal of this you will show another 32 . We added last year at about a trillion us dollars and we should get about 1. 4 trillion as you say by the end of 2024. Are there any areas in particular
Part of an overall Unemployment Rate of 5. 3 injuly. All of which has had people taking to social media. Kerry allen works for Bbc Monitoring and has been observing Social Media Activity in china discussing this move. What are people saying in china about this move to stop counting Youth Unemployment . This has been a major Talking Point on social media and state media have reported this is not something young people should worry about and that things are projected to improve from august onwards but on social media a lot of comments that i have seen are very cynical, showing that statistically unemployment has been rising since the beginning of the year, and they are commenting things like, everything is stable, everything is improving, and the idea that if you do not see the data, it is not a problem. Sarcasm is clearly not data, it is not a problem. Sarcasm is clearly not dead data, it is not a problem. Sarcasm is clearly not dead over data, it is not a problem. Sarcasm is clearly no
A further rise in business investment. Private consumption fell on the quarter as consumers struggle with rising living costs and falling real wages. How do you think investors are going to respond to this news . The japanese economy is performing quite well. I dont think it will be a big market reaction. Simply because the indications for Monetary Policy are not clear cut. The bank ofjapan is already quite optimistic about the gdp growth, and what really matters for Monetary Policy is how global inflation is. Strong gdp growth, the margin, Rising Inflationary pressures. As we have seen in the past, it can turn around things injapan, so the wage growth really matters, how much it will ease Household Burden on the cost of living. In terms of the bank ofjapan, looking at whether they are actually going to raise Interest Rates after quite some time, what do you project . We time, what do you proect . We dont time, what do you proect . We dont thinkļ¬ time, what do you project . Dont thin
Downgrade is forthcoming and what are the reasons behind it . Are the reasons behind it . This is a warnin are the reasons behind it . This is a Warning Signal are the reasons behind it . This is a Warning Signal and are the reasons behind it . This is a Warning Signal and i are the reasons behind it . This is a Warning Signal and i think are the reasons behind it . This is a Warning Signal and i think the Warning Signal and i think the message they are trying to send is that you have to take this seriously. We have seen what happened recently, it issued a warning saying it would downgrade the us governments Credit Rating and then it followed through on the threat so that is the situation the banks are in. There are concerns circling and we saw higher Interest Rates and the problems caused from regional banks but on top of that there are other concerns looming, notably from the commercial real estate sector, worries that high Interest Rates are causing real problems and the trend of re
The uk, unemployment rose to 4. 2 in the uk, unemployment rose to 4. 2 in the three months tojune, up from 3. 9 in the previous three months. Average wages, not including bonuses, grew at a record rate of 7. 8 during that same period, which is almost the same as the latest uk Inflation Measure of 7. 9 , which was recorded injune. It means average pay has almost caught up with price rises. Lets discuss that now with jane foley, who is head of strategy at a bank. It sounds good that wage growth has caught up with inflation, but is there something more complicated at play here . There is alwa s a complicated at play here . There is always a sting complicated at play here . There is always a sting in complicated at play here . There is always a sting in the complicated at play here . There is always a sting in the tail complicated at play here . There is always a sting in the tail with always a sting in the tail with economic data. What it does mean is that it economic data. What it does m