to fall into recession this year and will maintain positive growth this year. news welcomed by the uk finance minister as a big upgrade in the uk outlook. but for many right now, it might not feel like things are looking up with double digit inflation pushing up the cost of living, and pushing living standards down. here s the chancellorjeremy hunt reacting to the news. today the imf s assessment shows we are on the right track. the report forecast growth of 0.4% in 2023 and 0.7 percentage point upgrade since the aprilforecast. 0.7 percentage point upgrade since the april forecast. that s even higher than the bank of england forecast published last week for 0.25% growth in 23. the imf says we have acted decisively to fight inflation which will substantially reduce to around 5% by the end of the year. in the imf say our approach to fiscal policy will help to significantly reduce the deficit over the forecast by 3% of gdp between 20 to 23 and 2728. so together these forecasts
this latest ceasefire $245 million in aid to help support people fleeing the violence. i m ben thompson. let s start in the uk where the cost of living crisis is showing some tentative signs that it is starting to ease slightly. the latest rate of inflation for the month of april has fallen to 8.7% now that s still very high and above the 8.2% rate that many economists forecast, but still a significant drop compared to the over 10.1% rate we saw last month. double digit inflation that had been in place since august last year all well above the bank of england 2% target hitting a peak at 10.4% in february, before slowly coming down. this latest figure is the sharpest drop since the cost of living crisis began. but growing cost of food still remains very high. as you can see here, food prices increased by 19% in april and havent yet come down from their peak. making it difficult for people to feel better off right now. joining us now is simon french, chief economist at p
Concerns about Rising Interest Rates and some nitpicking about selected corporate profit reports. The Dow Jones Industrial average plunged 665 points to 25,520 or about 2. 5 . The nasdaq dropped 145. And the s p 500 dipped 59. All 30 of the dow components were lower. A day of rumrs. And of all the 500 stocks in the s p 500, only a handful were in the green and higher. Today concluded the worst week for the major afternoons since 2016nd selling starting with the release of the january jobs report. Employers added 200,000 jobs last month, which was more than expected. E remainedoyment r steady at 4. 1 . And wage growth accelerated. Average Hourly Earnings jumped 2. 9 from a year earlier, the y strongestr over year gain since 2009. Investors are concerned veho that that could trigger higher inflation, and so bond yields a rose stocks fell. Bob pisani has more on the selloff from the new york stock exchange. Reporter stocks gave up about one third of januarys strong gains. The dow and the
When i signed up for the super green plan, i just had to say that the satisfaction that i had knowing that this little act of resistance and fighting back and knowing that 100 percent of my energy is coming from Renewable Energy, felt really great. So for anyone watching in the public, this is a wonderful way to contribute to fighting back against the defamation of all the protections that we have in place with the federal level. And a way to actual locally, that really makes a difference and feel good sxts really easy. I just wanted to put in my personal plug for that. It is yees to sign up, about two minutes is all that it takes. Yeah. I just have one question also for mr. Sheean. I wanted to know when you are going the out reach activities in the marketing materials, do you offer them in different language snz yes. Yes, we do. All of our enrollment notices are translated into chinese, spanish and filipino, and most of our materials are also translated into chinese, spanish as well.
Yes, be sure to silence devices, speakers to be included part of the file should be submitted to the clerk. Madam clerk, could you call item number two. Item two, approval of the lafco minutes from the december 9, 2016, regular meeting. Do any of the commissioner vz any changes to the december 9, 2016, regular Meeting Minutes . E seeing no comments, i would like to call public speakers. Does any member of the public have any changes to the Meeting Minutes . No . Seeing no public speakers, Public Comment is closed. Can i have a motion to approve the minutes . So moved, by commissioner rohnen and a second . By commissioner fewer. And these minutes are approved. Madam clerk, could you please call item three. Election of the chair person and vice chair person for 2017. Great. Do any of the commissioners before taking nomination foz the chair and vice chair, lets open this up for public xhenlt, are there any members of the public that wish to comment o iment it em three. No. Seeing no publi