let s start with china, because it s currently holding its annual two day national people s congress and has set out its economic forecast for the year. premier li keqiang told a packed audience in beijing on sunday, that the government hoped to achieve economic growth of around 5% in 2023. the figure is in line with most analyst predictions. last year, successive strict lockdowns slowed china s growth. official figures show the world s second largest economy grew by 3% last year, which was way below the government target of five and a half % and its slowest for decades. lets discuss this with louise loo, senior economist at oxford economics. there s widely expected to be a big shakeup in the team handling the economy. around 5%, it probably implies that growth as low as 4.5% is probably acceptable to the government and we do think that means the policy matters that we see will be a little bit more than what we expect last year. more than what we expect last ear. , , , ye
and winds of change. cloud computing, augmented reality, and 100km/h yachts! how sailgp hopes to get the video game generation on board. this we start with the cost of borrowing because it is on the rise again. in the next few hours the bank of england and the european central bank are both expected to increase their main interest rates by half a percentage point to their highest in m years as they battle to bring inflation under control. good news for savers of course, but piling more pressure on businesses and many people with loans and mortgages. for the bank of england, it would be the tenth rise in a row and would take the cost of borrowing to 4% its highest since 2008. on wednesday the us federal reserve announced a quarter percent increase a much smaller rise than in recent months. but its chair, jerome powell, warned that it would not be the last. as samira hussain in new york reports after in new york reports a year of aggressive rate increases after a year o
too perturbed by the news from china about gdp target for this year. you are now up to date on all things business news and sport and i will see you soon. hello. after a grey weekend, more of you will see a little bit of sunshine in the days ahead, but it ll come at a price it s going to turn much colder out there and, for some, distinctly wintry. risk of some disruptive snowfall across north and east of scotland on monday and by tuesday, that extends into the north east of england, too. sudden reductions of visibility and the snow could be mounting up in areas. those at greatest risk marked here. up to 20cm of snow in the far north of scotland but there could be the odd flurry elsewhere. and it all begins now. this weather front is bringing about the change, opening the door to those arctic winds, pushing into northern scotland for the start of monday, frequent snow showers around. a dividing line is there across into northern ireland and northern parts of england first thing. rain
sport. you are up to date now on all things business news and sport. thank you for your company. have a lovely day. hello, there. there s a lot of settled and dry weather to come for many of us over the next few days and indeed even into the weekend. it s going to be very mild as well. certainly on friday it s going to be extremely mild for early february. and that area of high pressure will bring a lot of dry weather, too. these weather fronts will always be flirting with the north of the uk, bringing rain at times, particularly to the northern half of scotland. and it will be a little bit windier here as well. as you can see, more isobars on the charts. but we start thursday off on a mild, fairly cloudy note across the south, even into southern scotland, parts of northern ireland as well. a little bit cooler for the northeast of scotland. it s here where we ll start very wet, quite windy for the north and west of scotland. elsewhere, southern scotland, northern ireland, much of engla
see a similar picture on wall street. you are up to date on all things business news and sport. have a lovely day and we will see you soon. hello. this long spell of cold weather is not ending just yet. for the time being, we are still stuck in the deep but there are signs of a change in the outlook, through the weekend, and particularly into the start of next week. a south westerly wind starts to develop and that will bring something significantly milder. in fact, by monday, the southwest of england could see highs of 16 degrees. but with that, there will be some wind and rain at times. but in the short term, we stick with the cold and frosty feel to the weather. some icy stretches to start thursday morning, and a day of sunshine and wintry showers awaits. the icy stretches are where we ve had the showers over recent houi’s. parts of northern ireland,