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welcome to world business report. i m ben thompson. in the last few minutes, the international monetary fund have released their outlook for the global economy. they have revealed it has reached a highly uncertain moment so let me run you through the numbers in the latest economic outlook. the imf expect it to grow a paltry 3% over the next five years. 2.8% this year. the uk is on track to be the worst performing advanced economy this year. expected to shrink by 0.3% in 2023, much worse than many other g7 countries. they say will grow by i% in 202a. the us in contrast, it is forecast to grow by much more, by 1.6% this year and a further i.i% by much more, by 1.6% this year and a furtheri.i% in by much more, by 1.6% this year and a further 1.1% in 202a. the imf s director of research painted a mixed economy. the director of research painted a mixed econom . ., , ., y director of research painted a mixed econom . ., ., , ., , economy. the global economy remains on track ....
departments, and to make inroads into the backlog of care that built up into the backlog of care that built up and was building up before covid and built up a lot more during covid. that balancing act, meeting demand and making inroads into the backlog, is a tough thing to do it the best of times, it is impossible to do when you are losing around half your medical staff. so there is no question that the targets we have set for ourselves, the aims we have got to reduce those waiting lists are going to be dented by this and thatis are going to be dented by this and that is a real pity. because we had been making progress, we had got to the stage at the end of march where we massively reduced almost to zero the number of people waiting more than 18 months for example for a procedure. so it is kind of heartbreaking if you have been a leader in the health service, anyone in the health service, and you have got those waiting this down, you have got, achieve the balancing act ....
Had been cancelled already so people know about that if you are a patient and you haven t been told your appointment or operation has been cancelled, then please assume it is going to go ahead. i think the system is coping. i would want to make one point, though. which is that the reason we are managing reasonably effective today is because of the extra work being put in by nhs managers, so i would invite people next time they hear a politician or someone else attack managers in the health service recognise people i represent, they have abandoned their holidays, they have abandoned their holidays, they have been working tirelessly for several weeks to make sure we are able to manage the situation. but nevertheless, it will still have a major impact. nevertheless, it will still have a major impact- nevertheless, it will still have a major impact. nevertheless, it will still have a ma orimact. ~ ., major impact. and the knock-on could last for months major impact. and the knock-on c ....
A patient know about that if you are a patient and you haven t been told your appointment or operation has been cancelled, then please assume it is going to go ahead. i think the system is coping. i would want to make one point, though. which is that the reason we are managing reasonably effective today is because of the extra work being put in by nhs managers, so i would invite people next time they hear a politician or someone else attack managers in the health service recognise people i represent, they have abandoned their holidays, they have abandoned their holidays, they have been working tirelessly for several weeks to make sure we are able to manage the situation. but nevertheless, it will still have a major impact. nevertheless, it will still have a major impact- nevertheless, it will still have a major impact. nevertheless, it will still have a ma orimact. ~ ., major impact. and the knock-on could last for months major impact. and the knock-on could last for months and ....