the black sea and tackling the globalfood crisis. if you have justjoined us you are welcome and we begin in the uk with a brace to replace borisjohnson as conservative party leader is gathering momentum. on wednesday evening the shortlist of eight came sex, as former foreign secretaryjeremy hunt and the current chancellor nadhim zahawi were eliminated from the first round. by the end of next week, the list will be narrowed down to two names which will then go to the party boat with 60,000 members around the country for a final decision. the former chancellor rishi sunak got the most votes from conservative mps, he has criticised other contenders for offering fairytales on tax, saying cutting taxes now would stoke inflation. it is saying cutting taxes now would stoke inflation. stoke inflation. it is not credible stoke inflation. it is not credible to stoke inflation. it is not credible to promise - stoke inflation. it is noti credible to promise lots stoke inflation. it
hello and welcome to audiences in the uk and around the world. i m victoria fritz. we start here in the uk, with warnings that the country is set for the slowest growth of the g7 nations next year. for context, the uk is not alone, the imf says the global economy will shrink for the first time since 2020, why? partly the pandemic, partly the warn in ukraine, but the risk of recession is rising, and the uk is vulnerable. here are the numbers. the imf has revised down its growth for next year, from 1.2% to just 0.5%. significantly behind the us and europe at over i%, and the globalfigure of 2.9% growth in 2023. so why would the uk fare comparatively worse? well part of the problem is the uk s reliance on fossil fuels, making up 76% of our energy mix, compared tojust under 60% across the eu. let s listen to the imf s chief economist. the one thing that worries me more about the uk economy is that their inflation numbers seem to quite high, there are quite high gas prices and wat
away. experts believe it could fall to the lowest level since last february, the white house down plays fears of a recession. my hope is we go from this rapid growth to a steady growth. so we ll see some coming down. but i don t think we re going to god willing, i don t think we ll see a recession. let s hope he s right. today s report is the first of many marking the state of the economy, especially this week. tomorrow, the fed will make its announcement on interest rates and will likely hike that interest rate. so let s begin with the economy this hour with cnn reporter matt egan and jeremy diamond. matt, we ll let you look at the numbers just coming in. but jeremy, what is the strategy for the white house as they prepare for so many consequential reports on the economy this week? reporter: we have seen from the white house a week of prebuttals ahead of all of these economic numbers this week. in particular, those gdp numbers that we are expecting on thursday. the w
ship. look at your screen, biden earlier today in israel as tucker just showed you, literally appearing to not even know where to sit down here and where do i sit down, what do i do? let me say hello, let me shake the hand of the air. hello, error it s not the first time we see this. and once again appearing totally disoriented thank goodness, the israeli prime minister helping him, dazed and confused. these latest struggles come as biden s agenda is imploding here at home because, yes, it was yet another day with another bad, horrific batch of bad economic news for the biden economy. this is on top of yesterday s you know, for biden this was his 41 plus year record high inflation, 9.1%. today we learned that wholesale inflation, just the measure of inflation before it gets to you at the retail level, consumers, is surging even more, a whopping 11.3%. that is nearly the highest number ever. yet another painful reminder of the failures of this far left disastrous, destruct