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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 ....
a global recession is all but inevitable. and, the first woman to win the booker prize twice, have condemned the referendums being held in parts of ukraine to decide whether they want to join russia. it added the votes, which are being organised by moscow backed officials, are a breach of the united nations charter. these are the four areas where voting is being held. they include occupied parts of luhansk and donetsk in the east, and zaporizhzhia and kherson, in the south, and cover around fifteen% of ukraine s territory. voting is expected to run until tuesday, and the result seems almost certain to go in moscow s favour. these pictures, filmed in russian occupied donetsk, show representatives taking polling cards to people in their own homes. here, at least, it is not a secret ballot. meanwhile russia is continuing to mobilise its reserve troops, which isn t going entirely smoothly. with the latest, here s our russia editor, steve rosenberg. it was the moment the kre ....
going to feel when president biden signs it next week. and author salman rushdie, attacked on stage and air lifted to the hospital. we ll tell you what we know about his condition this morning. and inflation is cooling, gas prices are dropping, but the cost of other items remains painfully high. what the new numbers say about the current state of the economy. welcome to your weekend. it s saturday, august 13th. we are grateful to be with you. good morning, amara. good morning, boris. so good to be with you. feel like i ve been missing boris in my life. nice to be here. pleasure to be with you, as always. thanks, boris. we begin with new details this morning on what led the fbi to execute and unprecedented search warrant on former president trump s home, according to court documents unsealed friday, investigators removed 11 sets of classified documents from mar-a-lago, including some material that were marked as top secret, sci, which stands for sensitive ....
From new york, heres the bbc s north America Business correspondent, michelle fleury. Stubborn inflation pushes back the timing of the first rate cut. The Us Federal Reserve voted to keep its Benchmark Lending Rate at a 23 year high on wednesday. Officials have said they want more certainty that inflation is under control before they Lower Borrowing costs. They do not have that yet. Here is chair, jerome powell, during his press conference. The economy has made considerable progress towards our dual mandate objectives. Inflation has eased substantially over the past year, while the Labour Market has remained strong. And that is very good news. But inflation is still too high, further progress in b ....
Here is chair, jerome powell, during his press conference. The economy has made considerable progress toward our dual mandate objectives. Inflation has eased substantially over the past year, while the Labour Market has remained strong. And that is very good news. But inflation is still too high, further progress in bringing it down is not assured and the path forward is uncertain. We are fully committed to returning inflation to our 2 goal. While the prices of many goods have fallen, from cars to furniture, an increase in housing and Petrol Prices have contributed to a recent rise in consumer inflation. With progress on inflation taking longer than expected, hopes for lower rates have dimmed. One scenario that could change that calculation . Chair powell said if the Labour Market unexpectedly weakened, that could spur rate ....