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Transcripts For BBCNEWS Verified 20240703

compared to the last asessment in january. it s big concern is about inflation the rate at which prices are rising. on the global measure the imf is using, it thinks it will be 2.8% by the end of this year and warns that getting inflation back to their 2% target should be the priority for central banks. for many politcians that s been a key concern as they try to ease cost of living pressures for people around the world. here s the imf s chief economist. the global economy continues to display remarkable resilience with growth holding steady and inflation declining. but many challenges still lie ahead. global growth was 3.2% in 2023 and is expected to remain at that level both in 2024 and 2025. this represents a 0.3 percentage point upgrade from our 0ctober projections for 2024, with stronger activity than expected in the us, china and other large emerging markets, but weaker activity in the euro area. 0ur correspondent michelle fleury is following this from new york. let

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Transcripts For BBCNEWS BBC 20240703

however, it s worth noting that there is no mention of an israeli military response, even though israeli officials have promised to retaliate against iran, after it launched a wave of missiles against israeli targets late on saturday. only a handful of more than 300 missiles and drones got through the israeli air defences. iran says it was responding to an air strike at the start of this month on the iranian consulate in the syrian capital, damascus which it blamed on israel, although israel has not acknowledged being behind it. iran is calling for restraint, saying it doesn t want this to escalate into a wider war. we are going to look at the peril in this moment butjust to remind you that this tension takes place in the midst of the ongoing israel gaza war, is the i93rd day of war. today there are reports of fighting in the gaza strip and particularly in the north east. there are also reports that more aid is now getting into gaza from the north. we are getting reports on

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Transcripts For BBCNEWS BBC 20240703

against attempting any retaliation following those drone and missile attacks, which iran says were a response to an israeli attack on its diplomatic mission in syria. our chief international correspondent, lyse doucet, has been sending us updates from jerusalem. israel says it is now launching a diplomatic offensive. the israeli foreign minister has written, he says, to 32 countries around the world, urging them to impose even more sanctions against the islamic republic of iran. the foreign minister, israel katz, posted this on x, formerly twitter, saying that iran has to be stopped now before it is too late. and that is the message that s also been sounded by leading senior military officials here in israel, including the chief of staff, lieutenant general herzi halevi. he said that israel would have to respond. he made the comments while visiting the nevatim airbase in southern israel, where some of iran s missiles did actually hit in the early hours of sunday morning, alth

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