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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 to grow by much more, by 1.6% this year and a further i.i% by much more, by 1.6% this year and a furtheri.i% in by much more, by 1.6% this year and a further 1.1% in 202a. the imf s director of research painted a mixed economy. the director of research painted a mixed econom . ., , ., y director of research painted a mixed econom . ., ., , ., , economy. the global economy remains on track ....
No great surprise, we know the economy is struggling to gain momentum. we know central banks around the world are responding by raising interest rates. but what strikes you most about these numbers? it is quite a mixed picture opening up. it numbers? it is quite a mixed picture opening lip- opening up. it certainly does show uuite a opening up. it certainly does show quite a mixed opening up. it certainly does show quite a mixed picture. opening up. it certainly does show quite a mixed picture. if opening up. it certainly does show quite a mixed picture. if you - opening up. it certainly does show quite a mixed picture. if you lookl quite a mixed picture. if you look at the united states and compare their growth rates to the uk for example, you see two very different pictures. of course, the uk is feeling a lot more pressure when it comes to energy and food prices, given its proximity to ukraine and dependence on energy from there. the united states is able to do somewhat better, ....