its lowest level for nearly two years. consumer prices rose by 5% of the year to march, a far cry from the 9% it was that in june. but there are warnings of a possible recession in the pipeline. our business reporter is katie silver, she s been looking through the dater and joins me now on the programme. great to have you on the show. this looks pretty optimistic, doesn t it was back it s good news it isn t it? it’s doesn t it was back it s good news it isn t it? news it isn t it? it s good news it isn t it? it s good news but it news it isn t it? it s good news but it needs - news it isn t it? it s good news but it needs to - news it isn t it? it s good news but it needs to be i news but it needs to be analysed further and taken with analysed further and taken with a grain of salt. inflation is down and there are warnings every session but still we are hearing the fed may hike rates for the three things that don t normally go together. in terms of the inflation figure w
the global economy is expected to grow a paltry 3% over the next five years, according to the head of the international monetary fund. her comments were made ahead of the imf and world bank s spring meetings, which kick off today in washington. our north america business correspondent samira hussain is there. high inflation continues to plague countries around the world. central bankers are raising interest rates to try and slow down those price increases. as a result, however, is we have some of the weakest growth projections by the international monetary fund since the 1990s. now, with the world s finance ministers and central bankers all meeting in washington this week, the increasingly fragile global economy will certainly be the focus, along with ways for countries to try and mitigate some of the negative impacts of those interest rate rises. now the high inflation, however, is already having an impact on poorer countries, pushing them further into financial distress. gi
Water slamming against the windows, debris flying everywhere. Uhoh. Norah the Cbs Evening News starts now. Oh norah good evening. Im norah odonnell, and thank you for being with us. We are coming on the air tonight with more than 25 million americans in the path of severe and dangerous storms across the south and the ohio river valley. Thunderstorms, torrential rains, lifethreatening flooding, and tornadoes are impacting states across the gulf coast. An ef2 tornado hit the city of port arthur, texas, Destroying Homes and a church. There is catastrophic damage in louisiana after a suspected tornado ripped the roof off an Apartment Building outside new orleans. And in mississippi, dozens of homes were hit and one person was killed when storms slammed the magnolia state. Tonight, Tornado Watches are in effect across the region. Cbss Mark Strassmann will start us off tonight from a new orleans suburb that took a direct hit. Wow reporter as many as three tornadoes may have touched down in a
Reported, with damaging winds leaving thousands without power. Water slam against the window, debris flying everywhere. Norah the Cbs Evening News starts now. good evening. Im norah odonnell, and thank you for being with us. We are coming on the air tonight with more than 25 million americans in the path of severe and dangerous storms across the south and the ohio river valley. Thunderstorms, torrential rains, lifethreatening flooding, and tornadoes are impacting states across the gulf coast. And ef2 tornado hit the city of port arthur, texas, Destroying Homes and a church. There is catastrophic damage in louisiana after suspected tornado ripped the roof of an Apartment Building outside new orleans. And in mississippi, dozens of homes were hit and one person was killed when storms slammed the magnolia state. Tonight, Tornado Watches are in effect across the region. Cbss Mark Strassmann will start us off tonight from a new orleans suburb that took a direct hit. Wow reporter as many as t