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welcome to world business report. i'm ben thompson. in the last few minutes, the international monetary fund have released their outlook for the global economy. they have revealed it has reached a highly uncertain moment so let me run you through the numbers in the latest economic outlook. the imf expect it to grow a paltry 3% over the next five years. 2.8% this year. the uk is on track to be the worst performing advanced economy this year. expected to shrink by 0.3% in 2023, much worse than many other g7 countries. they say will grow by i% in 202a. the us in contrast, it is forecast...

good morning and a very warm welcome to our viewers watching around the world and here at home. pippa, you and i have done a lot of these conferences, big get—togethers. this is pretty unusual, isn't it, to start against this backdrop? in unusual, isn't it, to start against this backdrop?— this backdrop? in 20 years of coverin: this backdrop? in 20 years of covering politics _ this backdrop? in 20 years of covering politics and - this backdrop? in 20 years of covering politics and coming| this backdrop? in 20 years of. covering politics and coming to these annual events i've neve...

At an annual rate of 3. 4 in april, down from 3. 5 in march. It doesnt sound much of a drop, but it was the first time this year that inflation has fallen as expected, suggesting the fed could finally be winning the battle against soaring prices. Heres erin delmore in new york. A banner day on wall street with all three major indexes closing at record highs. Thats right the dow, the s p 500 and the nasdaq all hit their highest levels ever. The catalyst wednesdays Consumer Price index report which showed inflation rising less rapidly in april than wed seen in the first three months of the year....