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
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
prices will stay high for longer. and we take a look at the biggest deal in golf, ahead of a us senate hearing into the pga liv merger. welcome to world business report. let s start here in the uk where the government is facing another big setback in its battle against inflation. new data show that average wages have risen at a record annual pace of 7.3% in the march to may period, compared with the same period last year. british headline inflation is running at 8.7%, staying higher for longer than many had forecast. and there are concerns that after 13 consecutive interest rate rises, that the bank of england could need to raise it even further to bring price rises under control. let s hear now from janet mui, head of market analysis at rbc brewin dolphin. thank you for being with us. inflation has not been coming down at the expected pace. what does this data signal about how things could pan out? good afternoon. thank you for having me. which group is still pretty strong,