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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 ....
And politics above economics. on virtually every measure, from business investment to exports, to employment, britain is falling behind its peers. the think tank scholar john frankfort said if you imposed barriers to trade, with your biggest trading partner, then you re going to have quite a bill hit to trade volumes and to investment and gdp. everywhere you look, britain is feel the pinch. from a shortage of workers and small companies struggling and to reduce traffic on the train between britain and europe. bloomberg economic estimates that british gdp would be 4% higher had it stayed in the european union. britains know they were conned. according to one survey, a clear majority now believe that leaving the european union was a bad idea and almost two-thirds want a future referendum on ....
With its largest market. the european union takes in about 42% of british exports. british voters put nationalism and politics above economics. on virtually every measure, from business investment to exports, to employment, britain is falling behind its peers. the think tank scholar john frankfort said if you imposed barriers to trade, with your biggest trading partner, then you re going to have quite a bill hit to trade volumes and to investment and gdp. everywhere you look, britain is feeling the pinch. from a shortage of workers and small companies struggling and to reduce traffic on the train between britain and europe. bloomberg economic estimates that british gdp would be 4% ....