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series of spring meetings with the world bank in washington this week stop it is also downgraded its overgrowth forecast for this year and exciting weaker performances in some leijer economies. our business reporter has been looking into this story for us and joins us now. always go to get you on the show. you have been sifting through the report, what are the projections?- report, what are the projections? they are predicting projections? they are predicting that - projections? they are i predicting that economic projections? they are predicting that economic growth this year maybe to next year 3%, that is a downgrade on what they had said injanuary about one tenth of a percentage point, in the medium term they have given the weakest forecast in more than 30 years. they say there is potentially a perilous combination of factors and that those far as could lead to economic crisis and they are calling there for for central bank around the world to keep tight monetary ....
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 ....
Hearing about regards to china to him as well. tojoin us for that. india is reporting inflation numbers for much later today. inflation numbers for much latertoday. prices inflation numbers for much later today. prices that are expected to have moderated after remaining elevated for several months. our india business correspondence sent us this report. business correspondence sent us this report- this report. inflation is exnected this report. inflation is expected to this report. inflation is expected to dip - this report. inflation is expected to dip below| this report. inflation is i expected to dip below the this report. inflation is - expected to dip below the upper tolerance level for the first time this year. the number is expected to come in at about 5.8% as opposed to 6.4 present in the last month according to a consensus estimate of economist polled by reuters. this is largely driven by moderation of food prices which are down for about half of all consumer level inflati ....
Opposed to 6.0% of the last month according to a consensus estimate of economists polled ijy estimate of economists polled by reuters. this is largely driving by accounting for half of all consumer level inflation for dip in vegetable prices is expected to brought down inflation but the cost of fuel has gone up recently and back of herjob overall inflation again accordingly to economists. last week the reserve bank of india gave reits a hold up to six consecutive heights, surprising markets which were expecting a quarter percent increase. the governor did say the central banksjob was not governor did say the central banks job was not finished and the war against inflation had to continue given that it had proven to be more sticky than expected. the reserve bank of india expects inflation to remain at about five in 2024, which began on april one. that brings us to the end of asia business report at this hour. thank you forjoining me. as ....