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Transcripts For BBCNEWS Asia 20240704

figures injust report its latest growth figures in just about an hour. for the second quarter, we will also get the reading injune, reading for unemployment as well as retail sales and all eyes are on the yet to be seen post pandemic rebound. earlier, i spoke to the chief asia pacific economist. she told me the had planned growth figures due to be released later today is to be put into context. i later today is to be put into context. ~ . context. i think the headline gdp growth context. i think the headline gdp growth number - context. i think the headline gdp growth number could i context. i think the headline| gdp growth number could be context. i think the headline i gdp growth number could be a little bit misleading because, for the second quarter, beyond your growth could be around 7%, which is much higher than the 4.5% you just mentioned. this is all because of a low base last year. we all remember the shanghai lockdown last april and may. from a sequential price mom

Transcripts For BBCNEWS Asia 20240704

for the second quarter, we will also get the reading injune, reading for unemployment as well as retail sales and all eyes are on the yet to be seen post pandemic rebound. earlier, i spoke to the chief asia pacific economist. she told me the headline growth figures due to be released later today needs to be put into context. i think the headline gdp growth number could be a little bit misleading because, for the second quarter, year on year growth could be around 7%, which is much higher than the 4.5% you just mentioned. this is all because of a low base last year. we all remember the shanghai lockdown last april and may. from a sequential growth momentum, we actually see the economic growth has slowed quite notably in the second quarter as the pent up demand is fading. domestic demand is still weak, confidence is low and yet the government, it is somewhat reluctant to come up with any meaningful policy stimulus. in terms of unemployment, what do you expect? overall, the labo

Transcripts For BBCNEWS Asia 20240705

and it has fallen pretty sharply from its peak of more than 9% injune of last year. it is a sign that the federal reserve s moves to raise interest rates to slow down inflation seems to be working. but analysts still think america s central bank will raise interest rates one more time at their next meeting. now, the cooler inflation is good news for consumers but it is also good news for us presidentjoe biden, who touted the administration s efforts to bring prices down. now, he s facing re rlection next year and being able to control inflation without pushing the economy into a recession will be key if he want another four years in the white house. william lee is the milken institute chief economist and he says everyone is wondering whether this is a turning point. that is the ultimate question at the fomc and all the central banks around about asking themselves, has it peaked? a lot of the inflation decreases have come about because supply chain to become restored around th

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