An economic obstruction. So youre not seeing such impact as were here for them any impact for us in more broadly in the region . Very broadly economic impact. We continue to believe that the growth of the apac region excluding china and japan will be 4. 3 up from 4. 0 , so an acceleration of growth in 202a. If you read the report of our Economics Team there is virtually no mention of the red sea as having an economic impact. Certainly it has a Supply Chain Impact in the sense that orders have to be placed earlier and transit times are longer. Its harder to forecast if the time between when you order and when you sell your goods is longer by two to four weeks. In general were not seeing a huge economic disruption in this region. How have they managed to accommodate this or navigate whats been happening over there and being able to mitigate it for the end consumer . The simple answer is capacity. During the pandemic, the ocean carriers ordered a lot of ships. They had a lot of cash on ha
Seem to be in economic obstruction. Seem to be in economic obstruction. So youre not seeinu obstruction. So youre not seeing such obstruction. So youre not seeing such impact obstruction. So youre not seeing such impact as obstruction. So youre not l seeing such impact as were here for them are using any impact for us in more broadly in the region . In the region . Very broadly economic in the region . Very broadly economic impact. In the region . Very broadly economic impact. We in the region . Very broadly i economic impact. We continue in the region . Very broadly economic impact. We continue to believe that the growth of the region excluding china and japan will be four or 3 are from four point know so an acceleration of growth in 202a. If you read the report of our Economics Team there is virtually no mention of the red sea as having an economic impact. Certainly it has a Supply Chain Impact in the sense that orders have to put in place early and transit times are longer. Its hard
inflation trending down. data due out later on friday from us economist department is likely to confirm prices are cooling. but with inflation still stubbornly high, policymakers here, as in many other developed economies, aren t done raising interest rates. michelle fleury reporting. let s quickly show you how markets reacted. all major major intersystem 0k all major major intersystem ok but japanese nikkei all major major intersystem 0k butjapanese nikkei opening but japanese nikkei opening slightly lower, butjapanese nikkei opening slightly lower, down by about i%. in other news, sporting goods giant nike has reported its latest earnings for the fourth quarter and revenue coming in at $12.8 billion. that s slightly higher than expected and it also means they have beaten revenue estimates for seven straight quartrs, with sales jumping in both its modest market, north america, and in china following the easing of covid 19 restrictions. chinese authorities have released data
This came through in the early hours, a release for forward, not signed and sealed but it would seem tough negotiations have ended in an agreement. Good morning. Thank you for having me. This is good for the workers, this deal, because it is a 25 Wage Increase for workers, a Reference Point for the other Car Companies that are still striking and i think there is a lot of pressure to negotiate with workers and come up negotiate with workers and come up with a deal because the financial cost to the company to simply huge. We originally had the Third Quarter results from General Motors and they say the strikes so far have cost 800 million, a big hit in their profitability and the overall estimate for the strikes so far is nearly 2 billion. It is costing. Absolutely, they had to try to come to some agreement quickly. As you say, it was costing these car makers huge sums of money. Also installing production, impacting supply of new cars, at a time when the us economy is really trying to get
Was weaker than we expected in the Fourth Quarter of last year but we think the First Quarter of this year has been a bit stronger, which will lead the level of Economic Activity broadly when we thought it would be. 12 months Consumer Price inflation fell from 4 in december to 3. 2 in march, its lowest rate since december 2021. March, its lowest rate since december2021. 0. I march, its lowest rate since december 2021. 0. 1 higher than we expected in february. The decline was spread across food, core goods and services. Energy prices have also continued to contribute negatively to the Headline Inflation rate. As a lower 0fgem cap on Household Energy prices come into effect in april, we expect Headline Inflation to drop further to a level very close to target in the next few months. But we then expected to edge up months. But we then expected to edge up a again. This absence of data surprises is an indication that we are now getting back to more normal times, at least compared to the hig