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Transcripts For BBCNEWS World Business Report 20240706

the international monetary fund has released it s latest economic outlook, and it s grim reading for the uk. forecasts for growth this year have been revised upwards slightly for most major economies, with even russia growing at a faster pace than the uk according to the imf. the stronger performance for most is down to the reopening of china and more resilient labour markets, household spending and business investment. michelle fleury spoke to their chief economist to national monetary fund is sounding a little less gloomy thanit sounding a little less gloomy than it did a view months ago stopping the global lender points to china s recently opening and strong spending by consumers as the reason for its improved global growth forecast at the imf said in its world economic outlook that the cost of living crisis was continuing to bite in most economies with the fund s chief economist telling me the priority now is on reducing inflation in the months to come. on reducing infla

Transcripts for BBCNEWS World Business Report 20240604 05:33:00

are certainly trying to carefully navigate these different challenges and we think that they are on the right track. right track. but even with government right track. but even with government following - right track. but even with | government following the right track. but even with - government following the imf s prescribed approach, the imf warns that there are many is from the war in ukraine to the covid pandemic that could yet derail the recovery of the world s economy. well we ve got new data out of china today that shows its economy is rebounding more quickly than expected thanks to the easing of covid restrictions last month. factory activity expanded in january for the first time in four months. the official manufacturing sector purchasing managers index came in at 50.1 forjanuary, up from 47 in december and just above the 50 point threshold that separates an expansion in activity from contraction. so that is a symbolic step in the right direction.

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