tonight with the context. from edinburgh, alex massie scotland editor of the spectator. bill browder, the ceo of hermitage capital management and long time critic of vladimir putin. and joel rubin, who served in the obama administration as assistant to the secretary of state. welcome to the programme. whenjoe biden spoke to vladimir zelensky on this day last year, there wasn t much confidence in washington he would be president for much longer, nor indeed that kyiv could be defended. yet here we are, a year on and not only is zelensky still there, but the us president was today standing alongside him, in kyiv. plans that involved extraordinary subterfuge and secrecy. on sunday night, as is usual, the white house issued the president s public schedule for monday, on which we were told he was leaving for warsaw at 7pm tonight. in fact, he was already in poland. air force one took off at 4:15 sunday morning, the press pool was left behind. and by late evening, the president was
But not sprinting. He is also concerned about Economic Uncertainty triggered from the conflict between israel and hamas as the death toll continues to rise. The bbc s economics editor Faisal Islam Sat down with him and asked if the Global Economy was heading in the right direction. In the right direction. Well, thins in the right direction. Well, things are in the right direction. Well, things are going in the right direction. Well, things are going in in the right direction. Well, things are going in the in the right direction. Well, | things are going in the right direction. What we are seeing is despite these large shocks that you describe, the World Economy is still standing. No global recession, you know, no massive slowdown that would put us into huge unemployment rates. We havent seen that. We have seen a surge in inflation, but inflation is sort of coming down now, both Headline Inflation and core inflation, so thats the good news, things are improving, the Global Economy has b
About the Economic Uncertainty that will come from the conflict between israel and hamas as the death toll continues to rise. The bbc s economics editor faisal islam sat down Pierre Olivier gourinchas and asked if the Global Economy is heading in the right direction. Well, things are going in the right direction. What were seeing is despite these large shocks that you describe, the World Economy is still standing. No global recession, no massive slowdown that would put us into, you know, huge unemployment rates. We havent seen that. Weve seen a surge in inflation. But inflation is sort of coming down now, both Headline Inflation and core inflation. So thats the good news. Things are improving. The Global Economy has been resilient. At the same time, the Growth Numbers we have around 3 for this year, 2. 9 for next year this is way below historical average. So the Global Economy is limping along. Its not sprinting, but its been resilient. Right. Do you from this point see. There are area
Many customers across the globe will subdue white house has chosen to turn a blind eye, especially over the last year or two years, because it has been trying to smooth relations between iran and the western world, but now if the white house decides to enforce those sanctions, that would mean that the supply from iran would be cut off and this would come at a time when oil supplies have been tightening because saudi arabia and russia, the two largest exporters of oil in the world, also part of opec plus can have collectively been producing Oil Production by 1. 3 Million Barrels by day since july and will continue doing it until the end of year. There is a good chance it may continue into the next year as well for so this happens, there will be a scenario where there will be lesser oil supply, a scenario where there will be lesser oilsupply, more a scenario where there will be lesser oil supply, more demand and that would lead to higher prices. And that would lead to higher rices. . ,.
Human tragedy there likely will be significant economic disruption and it is the policy makers ability to respond complicated by this world were living in with high inflation. In the past with conflict between israel and gaza are the central bank is often lowered Interest Rates but they havent been able to do that at they havent been able to do that at the moment because inflation is high so they have instead been focused on supporting their currency. Not beyond that there are broader global obligations i think the real concern is that the conflict missing now could escalate into stack to include iran which many have been reporting has been providing support and sympathy for the attacks. If iran gets dragged into a race this could have much more serious impacts on the Global Markets and pushed oil prices up even higher. Yes. The Global Markets and pushed oil prices up even higher. Prices up even higher. Yes, it is that contagion prices up even higher. Yes, it is that Contagion Effect p