i don t really see anything more meaningful coming into the market. we have reached now the halfway point of 2023. how would you describe the health of the global economy? that s a really intriguing question. i think throughout this year, central banks and lawmakers and policy makers have been focused on containing inflation, bringing inflation under control, and a lot of these banks have failed to bring the inflation to the target level, which is still running quite high, so especially in the uk, the cost of living crisis is a huge issue, and inflation data last week has already shown that there is no easiness or ease off in the data for the time being. but, having said all those pessimistic things and pointed to those factors, i think i am a bit more optimistic going into h2 of this year because i think inflation is going to come closer to the central bank s target, whether we are talking about the federal reserve, whether we re talking the ecb, and, of course, inflation is
is these tensions, if they escalate and change into something more meaningful, i think that certainly we will have a huge reaction in the market, but for now i don t really see anything more meaningful coming into the market. ~ . market. we have reached the halfway point market. we have reached the halfway point of market. we have reached the halfway point of 2023. - market. we have reached the halfway point of 2023. how. halfway point of 2023. how would you describe the health of the global economy? that was a really intriguing of the global economy? that was a really intriguing question. - a really intriguing question. throughout this year, central banks and lawmakers have been focused on containing inflation, bringing inflation under control, and a lot of these banks have failed to bring the inflation to the target level, which is still running quite high, so especially in the uk the cost of living crisis is a huge issue, and inflation data last week has already show
whether we are talking about the federal reserve, whether we re talking the ecb, and, of course, inflation is not that much of an issue when it comes to pboc over in china. and over to china where the latest data showed travel spending during the dragon boat festival last week fell short of pre covid levels. domestic tourism revenue was about 95% of the amount recorded in 2019, even though more trips were made. we have been seeing signs of a slowdown in the chinese economy, and not just over consumer levels. earlier, i spoke to julian evans pritchard of capital economics who gave us his outlook for china for 2023. well, i think sentiment has swung from sort of extreme optimism to the point where we are now entering a period of extreme pessimism. you look at many of the consensus forecasts for chinese growth of around 5% this year.
pointed to those factors, i think i am being more optimistic going into h2 of this year because i think inflation will come closer to the central bank s target, whether we are talking about the federal reserve, whether we re talking the ecb, and, of course, inflation is not that much of an issue when it comes to pboc over in china. fire to pboc over in china. are auoin to pboc over in china. are going to to pboc over in china. are going to try to pboc over in china. are going to try to to pboc over in china. are going to try to buy - to pboc over in china. are going to try to buy the latest data showed travel spending during the dragon boat festival fell short of tourism levels. it was about 90% of what was recorded in 2019 even though more chips were made. we were seeing signs of a slowdown in the chinese economy is notjust over consumer levels. earlier i spoke tojulia evans pritchard who gave us his outlook for china for 2023. who gave us his outlook for china for 2023. well,
modestly lower. i would call that unchanged here. and on wall street stock index futures are also barely moving here. look, stocks closed lower friday. that december job gains less than expected. both the s&p 500 and the dow ended the week just basically flat. the u.s. added just 199,000 jobs in december. that s the weakest job growth of the year. still, the economy added a record 6.4 million jobs for the entire year and the unemployment rate fell to 3.9%. that is the lowest of the pandemic. wages up 4.7% over the past year. the key here is inflation. in some cases inflation is up bigger than wages. we ll get more inflation news this week. reports on consumer levels say it rose the fastest in 39 years. something we know you will be on top of. nfl playoff picture is set after a thrilling last weekend of the regular season.