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meaningful, i think then certainly we will have a huge reaction in the market. but for now, i don t really see anything more meaningful coming into the market. so anything more meaningful coming into the market. into the market. so we have reached the into the market. so we have reached the halfway - into the market. so we have reached the halfway point i into the market. so we have reached the halfway point of 2023. how would you describe the health of the global economy? the health of the global econom ? . v . economy? that s an intriguing question- economy? that s an intriguing question- i economy? that s an intriguing question. ithink economy? that s an intriguing question. i think throughout l question. i think throughout this year, central banks and lawmakers and policymakers have been very much focused on taming inflation, bringing inflation under control. and a lot of these banks have failed to bring inflation to the target level, which is still running ....
i don t really see anything more meaningful coming into the market. we have reached now the halfway point of 2023. how would you describe the health of the global economy? that s a really intriguing question. i think throughout this year, central banks and lawmakers and policy makers have been focused on containing inflation, bringing inflation under control, and a lot of these banks have failed to bring the inflation to the target level, which is still running quite high, so especially in the uk, the cost of living crisis is a huge issue, and inflation data last week has already shown that there is no easiness or ease off in the data for the time being. but, having said all those pessimistic things and pointed to those factors, i think i am a bit more optimistic going into h2 of this year because i think inflation is going to come closer to the central bank s target, whether we are talking about the federal reserve, whether we re talking the ecb, and, of course, inflat ....
Whether we are talking about the federal reserve, whether we re talking the ecb, and, of course, inflation is not that much of an issue when it comes to pboc over in china. and over to china where the latest data showed travel spending during the dragon boat festival last week fell short of pre covid levels. domestic tourism revenue was about 95% of the amount recorded in 2019, even though more trips were made. we have been seeing signs of a slowdown in the chinese economy, and not just over consumer levels. earlier, i spoke to julian evans pritchard of capital economics who gave us his outlook for china for 2023. well, i think sentiment has swung from sort of extreme optimism to the point where we are now entering a period of extreme pessimism. you look at many of the consensus forecasts for chinese growth of around 5% this year. ....
Page two of this year because i think inflation is going to come closer to central banks target whether we are talking about the federal reserve were talking about the ecb. 0f talking about the ecb. of course, inflation isn t that much of an issue when it comes to the pbo see over in china. speaking of china the latest data showed travel spending during the dragon boat festival holiday last week, fell short of pre covid levels. domestic tourism revenue was about 95% of the amount recorded in 2019, even though more trips were made. we ve been seeing signs of a slowdown in the chinese economy and notjust on the consumer level. earlier, i spoke with julian evans pritchard of capital economics, and he explained the biggest challenges beijing is facing. imean, i mean, essentially china s reopening recovery has fizzled out much earlier than people hoped, and that reflects on the one hand a very difficult external environment, experts ....