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BBCNEWS Asia Business Report July 6, 2024

series of spring meetings with the world bank in washington this week stop it is also downgraded its overgrowth forecast for this year and exciting weaker performances in some leijer economies. our business reporter has been looking into this story for us and joins us now. always go to get you on the show. you have been sifting through the report, what are the projections?- report, what are the projections? they are predicting projections? they are predicting that - projections? they are i predicting that economic projections? they are predicting that economic growth this year maybe to next year 3%, that is a downgrade on what they had said injanuary about one tenth of a percentage point, in the medium term they have given the weakest forecast in more than 30 years. they say there is potentially a perilous combination of factors and that those far as could lead to economic crisis and they are calling there for for central bank around the world to keep tight monetary ....

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BBCNEWS Asia Business Report June 4, 2024 00:32:00

Other things such as the war in ukraine, inflation, and how inflation continues to respond to interest rates and, finally, when it comes to the banking sector, that is another risk they pointed to, the recent collapse of credit suisse and other banks, fears of what this and others could mean. we heard from the chief economist of the imf and he said that nowadays the trade off isn t so much inflation versus economic growth, which has been in the past, it is financial stability board inflation and because banks around the world are raising interest rates that is putting the banking sector under pressure and he says actually what central banks need to do is to continue to prioritise price stability, thatis prioritise price stability, that is lower inflation, the financial stability and the potential weaknesses that could company banking sector. it all sounds pretty company banking sector. it all sounds pretty dire, company banking sector. it all sounds pretty dire, doesn t it, any sen ....

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