that is creating a more supportive growth environment as opposed to some of these other economies and also india is not as dependent on export manufacturing in this point in time, which plays in its favour. a free trade deal between australia and uk comes into force today, the first the uk negotiated from scratch after it left the european union. westminster has said it will add almost $3 billion to british exports, describing the deal as fantastic . however, the government s own estimates say it will add only 0.08% to the uk economy. uk farmers are also warning they could be undercut by cheap imports, which could costjobs. a uk new zealand deal starts today as well. staying with australia, the parliament has begun a series of hearings to examine the leaking of confidential government tax plans by the accounting firm pricewaterhousecoopers. the country s treasury says it would be reviewing its contract
6%. so as we look away from the noisy quarters, there is a broader moderation going on. why are we seeing such strong growth out of india? other big economies are facing a recession. economies are facing a recession. and he is also benefiting recession. and he is also benefiting from - recession. and he is also benefiting from the - benefiting from the geopolitics. we are seeing more manufacturing interest in india coming through as companies more and more question their china operations with everything going on and we are seeing a massive pick up and spending on infrastructure side. that is creating a more supportive growth environment as opposed to some of these other economies and also india is not as depended on export manufacturing in this point in the springtime which plays in its favour. we the springtime which plays in its favour- the springtime which plays in its favour. ~ ., its favour. we were looking at a coule its favour. we were looking at a coume of its favour. we
grasp in the face of jobs that are still steady and growing. obviously, companies are laying off, i m not naive to that about 236,000 jobs in the latest period and we talk about the restaurants still jam packed and theaters that are packed, you know, travel plans that are the busiest we ve seen since pre-covid, airlines to an airline reporting some dicey first quarter numbers, but almost to an airline hinting of robust travel season. with a backdrop like that, how could you have a recession? it s not your typical recession, as we know over the years when everybody is predicting it and my mom calls and asks if we re having a recession yet, that means it s not going to happen boys and girls, this could be the most telegraphed recession in history that never comes. and the fed, despite what erin said, i don t think recession, but 1% or 2% growth
europe garlic much less allow that. frankly speaking china is in a slowdown we need to find other sources, other engines of growth. we know that asia and india are there as major higher growth environment for economies than china. i think that s where the growth is going to come for the next ten years. going to come for the next ten ears. going to come for the next ten ears, ,, , . years. the spanish vice president years. the spanish vice president and - years. the spanish vice president and ministerl years. the spanish vice i president and minister for economies president and ministerfor economies is the size of the chinese economy means it cannot be overlooked and that there s been a tectonic shift in the international world order. a north america business correspondent was speaking on the sidelines of the imf. you cannotjust the sidelines of the imf. you cannotjust ignore the sidelines of the imf. you cannot just ignore the - the sidelines of the imf. i m, cannotjust ignore th
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