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this is gps , the global public square. welcome to all of you in the its and around the world. i m fareed zakaria coming to you from new york. today the on the program, we ll bring you the latest on the suspected chinese spy balloon. then, we ll move to the economy. but for a change, it might not be bad news. we have some very good news about the american economy. the imf global outlook is less gloomy than it was a few months ago. and then the fed said it wasn t ready to declare victory on inflation, but it is cooling. i will ask larry summers if he agrees. also, crimea, many powerful people have suggested ukraine should be prepared to officially cede the peninsula to russia as part of peace negotiations. but i ll talk to general ben hodges who said no, kyiv can and should take crimea back. but, here is my take. this week mark theed third anniversary of brexit and it coincided with a grim verdict from the imf. this year the british economy will do worse t ....
this is gps , the global public square. welcome to all of you around the world. i m fareed zakaria coming to you from new york. today on the program, we ll bring you the latest on the suspected chinese spy balloon. then, we ll move to the economy. but for a change, it might not be bad news. we have some very good news about the american economy. the imf global outlook is less gloomy than it was a few months ago. and then the fed said it wasn t ready to declare victory on inflation, but it is cooling. i will ask larry summers if he agrees. also, crimea, many powerful people have suggested ukraine should be prepared to officially cede the peninsula to russia as part of peace negotiations. but i ll talk to general ben hodges who said no, he can and should take crimea back. but, here is my take. this week marked the third anniversary of brexit and it coincided with a grim verdict from the imf. this year the british economy will do worse than all of the world ....
let s now get down to business and starting in the uk. how attractive is the uk as a place to do business? later today we ll find out when the ons releases its latest data on the level of foreign direct investment into the uk in 2021. a recent survey conducted by the accountancy firm pwc suggests britain was the third most important place in the world for businesses to invest, behind the us and china. but the head of the cbi is not so optimistic. in a speech today tony danker will call on the government to not shy away from hard decisions that can reverse the uk s trajectory of falling investment. he will urge the government to seize green growth opportunities. lets get the view of chris southworth, secretary general of international chamber of commerce uk. good to see you. obviously we are talking about investment in the uk from overseas, that is one thing and tony danker calling on the government to invest more, that is another thing. if we talk about the uk at the mo ....
The world. with the flee biggest economies, it enjoyed special status thanks to the u.n. veto and close relations with washington and impressive armed forces and a long tradition of generating ideas on global issues rooted in the legacy as a liberal country with deep historical ties around the world. it was a voice that was heard everywhere and listened to seriously. but over the last decade, defense spending has stagnating while funds for the bbc have been cut in real terms. with brexit, even the rhetoric about a larger role collapsed as politicians ran away from anything that seems too global. now british prime ministers rarely speak to the international press and when they do, they have nothing to say. britain has become a middling island nation, isolated off the coast of europe without the heft to matter on its own or to set ....