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meetings with a washington this week. it also downgraded its global growth this year and deciding weaker than some academies for the pages been looking to this for the great to see you on this show. what have we heard to see you on this show. what have we heard from to see you on this show. what have we heard from the - to see you on this show. what have we heard from the irs i to see you on this show. “grief have we heard from the irs goes back they said their apparel is buying abilities that is for economic growth. it said it could lead to economic crisis as a result their calling on central banks around the world to keep tight monetary policy and that means you maintain high interest rates they say they ve actually given their they“ve actually given their forecast for the year and next. they loaded by about one tenth of a percentage point so about 2.8% global growth this year, 3% next year. that is determined on a number of factors and they say if things go s ....
Confident about the future. that“s dragging down both housing purchases, which are still very stagnant. and of course anything that is consumer durable such as a car. that is dragging down consumption more than anything, competence. consumption more than anything, competence- competence. often when i speak with the economists competence. often when i speak with the economists who - competence. often when i speak with the economists who are - with the economists who are perhaps a bit more bullish on china they talk about the fact that there s a huge savings pool there, people have been stalking money away because of the pandemic and they are just waiting to spend it because now the time is right. is that what you are seeing in the data? hat you are seeing in the data? not et. for you are seeing in the data? iirrt yet. for consumers to splash their extra savings they need to be confident about what they are seeing in the future. that is what we are lacking. more than that, i think t ....
Have affordable homes for rent which is 80% of private rents which in some parts of the country is not very affordable and social renting which is capped at a lower level and mean somebody working on a job can afford to pay their rent and have independence around housing and then you have shared ownership where people buy a percentage of the home and pay rent, usually to a housing association and that is what is meant by affordable housing in the round but it s clear from the government s own figures there is a better cost benefit ratio for social housing because overall you save money in the long run. xyour money in the long run. your committee money in the long run. your committee is money in the long run. your committee is talking - money in the long run. your committee is talking about i money in the long run. your| committee is talking about a national housing crisis. if these affordable homes are not built, what is the impact going to be? itjufit is the impact going to be? i ....
We will commit to this, we will take this forward. for the most developed nations that is really existential. there are a lot of people who live in the wealthier countries whose families come from some of those countries most vulnerable, like in the caribbean, and the speech from the caribbean, and the speech from the prime minister of barbados, saying to the wealthier parts of the world, how dare you, having got wealthy off our backs, and then the industrialisation process which has made you wealthier, we are dealing with the consequences, and then you say, we are not sure we can find the money to help you out? money to help you out? yes, this is a key issue money to help you out? yes, this is a key issue but money to help you out? yes, this is a key issue but we money to help you out? yes, this is a key issue but we were money to help you out? yes, this is a key issue but we were talking - money to help you out? yes, this is a key issue but we were talking to l a key issue b ....