BBCNEWS BBC July 6, 2024
welcome. let me start with the situation — welcome. let me start with the situation as we see it on the outlook_ situation as we see it on the outlook for the economy. the outlook for growth _ outlook for the economy. the outlook for growth and unemployment has improved~ — for growth and unemployment has improved. six months ago we expected a shallow_ improved. six months ago we expected a shallow but long recession. since then energy prices have fallen substantially and economic activity is holding — substantially and economic activity is holding up better—than—expected. s...