lets talk this through with sunaina sinha haldea, global head, private capital at raymond james. let s talk about china to begin with, this is the encouraging news which is why the imf has revised upwards for most major economies. revised upwards for most ma or economies. that s exactly ri . ht. economies. that s exactly right- the economies. that s exactly right. the china economies. that s exactly right. the china reboundl economies. that s exactly - right. the china rebound story from its reopening means that it is going into a period of all that pent up savings being spent on consumption, much like it happened in europe and the us. that is good news for the world economy. it has obviously put some pressure on inflation for the rest of the year but it is good to see china back on the forward step with the pmi number above 50 again for the first time in many years. fiend first time in many years. and that is great first time in many years. and that is great news first time i
the international monetary fund has released it s latest economic outlook, and it s grim reading for the uk. forecasts for growth this year have been revised upwards slightly for most major economies, with even russia growing at a faster pace than the uk according to the imf. the stronger performance for most is down to the reopening of china and more resilient labour markets, household spending and business investment. michelle fleury spoke to their chief economist to national monetary fund is sounding a little less gloomy thanit sounding a little less gloomy than it did a view months ago stopping the global lender points to china s recently opening and strong spending by consumers as the reason for its improved global growth forecast
soon. everyone has traded less during pandemic but other rich nations, and grey, saw their trade balance back more quickly than the uk s, the redline. so at least for now global trade has become a smaller part of our economy. then there is investment. this line here is where it could be if it had continued growing at the same rate as before the referendum. that is according to academics at king s college in london. but in reality installed. some economists such as those at the international monetary fund say except related uncertainty is deterring spending on things such as factories, training and equipment. other analysts claimed the uk has simply resumed a longer term pattern of under investing. ultimately it all reduces our chances of being a more efficient, higher earning country. as forjobs, the end of free movement equals 330,000 fewer workers in the uk, just 1% of the workforce,
at the imf said in its world economic outlook that the cost of living crisis was continuing to bite in most economies with the fund s chief economist telling me the priority now is on reducing inflation in the months to come. on reducing inflation in the months to come. . , , , , months to come. our assessment is that the months to come. our assessment is that the battle months to come. our assessment is that the battle against - is that the battle against inflation has not yet been won, it would be premature to declare victory and it would risk losing a lot of the gains that have been accomplished in recent months in trying to control inflation and keeping inflation expectations and could. . ., , ., could. on country where growth has been revised could. on country where growth has been revised down - could. on country where growth has been revised down as - could. on country where growth has been revised down as the i has been revised down as the united kingdom stopping the imf