the imf.an credit it, provide financial assistance, and this election of this independent supervisory board of naftogaz is a big step towards the fact that we show that ukraine fulfills its obligations, that ukraine can be trusted , we signed up, we took the next step for you, mr. mykhailo and in which financial in general, naftogaz of ukraine is in good condition. i understand that these are difficult times for state-owned companies, that they are profitable and unprofitable. if we make a loss, how do we close this loss? of the naftogaz company it's not right now that the reform is starting, which has been going on for many years, and here it is, somehow in a spiral. last year, the company found itself in a situation when the supervisory board was no longer working, it was completely dismissed the cabinet of ministers performed its functions and the culmination of all this was the default of the naftogaz company in the summer of last year. now, in fact, a reboot is taking place. i could catch

the imf. that is , it can be credited and financial assistance can be provided, and the election of this independent supervisory board of naftogaz is a big step towards the fact that we show that ukraine fulfills its obligations, that ukraine can be trusted we signed up, we fulfilled it, the next step is for you, mr. mykhailo. what is the current financial state of naftogaz of ukraine? i understand that these are difficult times for state-owned companies, that it is profitable and unprofitable, if we make a loss, how do we close this loss? well, it is worth saying that this is the entire reform of corporate governance at naftogaz. it has not yet started. it is a reform that has been going on for many years . it is going in a spiral way. last year, the company found itself in a situation where the supervisory board was no longer working she was completely fired by the cabinet of ministers, she performed her functions, and the culmination of all this was the default of the naftogaz company in th

imf was also very clear about the _ report. imf was also very clear about the economic _ report.eport. imf was also very clear- about the economic damage caused by brexit in 2016i suppose they don't feel they need to labour the point. what we do see is the uk under performing, sadly, compared to other countries and you do have to look for some unique factors and i think, the combination of the loss of an element of the labour market, the uncertainty that we have seen, the damaged business investments, and the fact that it's not hard harder to trade with our biggest markets. that all, they are all negatives as far as the economy is concerned. it was widely predicted that the uk would grow more slowly than it would otherwise have done and the evidence seems to be emerging very strongly that that indeed, it's happening. there is a price to be paid for how we voted in 2016 and what we did three years today of leaving the european union in the way that we have. it european union in the way that we have. , ., ., , european union in the way that we have. , . ., , ., european union in th

so the imf gas employment.ast for the year, blaming tighter fiscal and monetary policies. that means the uk economy be behind both germany and russia. japan too. well, joining us now in studio is our business and economics editor liam halligan with on the money no music. i just thought i'd pause just in case i was going to have a fun, fair . maybe the euro case i was going to have a fun, fair. maybe the euro , case i was going to have a fun, fair . maybe the euro , who knows? fair. maybe the euro, who knows? now, jacob rees—mogg say look, imf has got these forecasts wrong before . however, they have wrong before. however, they have also reflected britain is on the right track and they observed that last uk had one of the strongest growth numbers in europe. they're pointing out quite a few clouds on the horizon, aren't they? yeah economic forecasts on destiny. i remember the imf three weeks before the brexit vote back june 2016. in the may they issued report saying that just voting to leave the european union wo

because the imf rule is a de facto forbid because.e financial system is a budgetary system. all our statistics are built according to the rules of the wvf, and this happened a long time ago. that is, people are already sitting there who studied in echelon only according to these methods, then the only way to ensure the investment process is a mobilization economy. we are poor. now the government is doing is trying to solve this problem in the defense industry, but the entire economy is not exhausted by the defense industry. it does not make up half of it and even does not make up a quarter, and in this sense it is not clear what to do. and by the way, the last one is the best. today i had a movie i won't tell. where there is no listener for me, as if the presenter asked me. e question. and what do we have, what is it called? economic justifications - an economically justified ruble exchange rate is stupider that asked a counter question to life, if you are the captain of a sailing ship, what is your economically justified wind, it is

. 33 the imf question about the imf report. 23 the imf said in its press conference today we think thatowth in the years to come, benefiting industry. the figures from the imf to confirm that we are not immune to the pressure setting nearly all advanced economies. we agree with the imf focus on the high level of inflation in our country which is why it is our top priority. inflation is the most insidious tax rise there is so the best cut we can do now is reduce inflation. as the chancellor has said, short—term challenges should not obscure or long—term forecast. if we stick to our plan to have inflation in the uk is still predicted to grow faster than germany and japan over the coming years, helping us to deliver a stronger economy and where people have the opportunities for better pay, goodjobs have the opportunities for better pay, good jobs and that is what we are working tirelessly to deliver. rachel reeves.— rachel reeves. britain has huge otential, rachel reeves. britain has huge potential, but _ rachel reeves. britain has huge potential, but 13 _ rachel reeves. britain has huge p

but even with - government following the imf's prescribed approach, the imf warns that there are manyar in ukraine to the covid pandemic that could yet derail the recovery of the world's economy. well we've got new data out of china today that shows its economy is rebounding more quickly than expected thanks to the easing of covid restrictions last month. factory activity expanded in january for the first time in four months. the official manufacturing sector purchasing managers' index came in at 50.1 forjanuary, up from 47 in december and just above the 50—point threshold that separates an expansion in activity from contraction. so that is a symbolic step in the right direction. lets talk this through with sunaina sinha haldea, global head, private capital at raymond james. let's talk about china to begin with, this is the encouraging news which is why the imf has revised upwards for most major economies. revised upwards for most ma'or economies. that's exactly ri . ht. economies. that's exactly right- the _ economies. that's exactly right. the china _ economies. that's exactly right

brexit, imf brexit, anniversaries, the imf forecast. to talk you forecast.ant to talk to you about children's content that let's face it, they really shouldn't online . how do you shouldn't be online. how do you stop that earth and strike taking teachers tomorrow ? they taking teachers tomorrow? they won't even tell their headmasters in some cases whether or not they're even going into work or not. how do you even plan for that as a parent or grandparent ? if parent or grandparent? if someone looks after a child and i do ponder this going beyond and the point where it should have done now, do teachers care about that pupils any more to the just care about their own back pockets have been harsh you tell gbviews@gbnews.uk is the tell me gbviews@gbnews.uk is the email you can tweet me out my usual at gb news or ask michelle jobs. lots of you getting in contact already, by the way, michael says michelle, i am showered, fed and watered. i've got a nice cup of coffee and i'm ready for a great show. happy days, mick. that is the kind of life insight i like . why ar

the imf estimate for november 29 it runs counter to the assessment of the majority.at the moment, therefore, say that there we predict a decrease in the average price of oil relative to the current values ​​there. and that would be wrong. yes, most likely, they oil will rise in the next quarter or the next half year, it is even worth noting that the ceiling on oil prices introduced with western countries, according to the imf, will have little effect on the volume of exports from russia. they are likely to remain, given the further reorientation of supplies from those countries that have joined the sanctions to those who are ready to buy russian oil. well, it's more like a new cycle weather. goes to the western borders of russia the ministry of emergency situations warns of worsening weather for residents of the kaliningrad region. let's talk more about this with meteorologist ekaterina grigorova hello ekaterina. what will the cyclones bring? how it will move far inland, you know, the south and west of russia will take the brunt of the bad weather in the kaliningrad

consultations with them, and i am sure that we will still be able to find arguments to convince the imf that there really should be a preferential tax system for reconstruction in our country, and in order to provide incentives and impulses, the second is about what we have unfortunately, the corruption in the tax system is so deep and pervasive that neither fiscal measures nor fiscal pressure nor tax increases will change anything. now they are complaining that there is a product for this in the process of this cutting. yes, it may be in some period. it is really scary that there will be some kind of failure. yes, there may be worries about how it will work, but unfortunately we do not have another exit and sooner or later we will come to this, there is simply no other solution. i hope that it will be faster. and what are the short-term prospects for solving the problem of tax pressure on business today ? this is due to the fact that potolkov simply blocks the tax invoices of businesses and collects money where she has no right to collect. but there is no way out in business and they s

your thoughts on the imf prediction.— on the imf prediction.g indictment of 13 years of conservative government. we have heard a lot of the different factors that are playing into this. some are global, but mostly at national, given that issues like the invasion of ukraine, the russian invasion of ukraine, the russian invasion in ukraine, when it comes to the pandemic others have suffered that as well, so i do think we need to look at some of the national issues that are going on. the one that i would add, which i think is the elephant in the room, is brexit. clearly it is not only as a result of brexit that we are seeing this damning report from the imf, but also clearly we know that brexit has led to labour shortages in the region of over 330,000 jobs. we know that trade is down around 15%, investment is probably around 25% less than it would have been if it had kept on p pandemic levels. there is real concern here about the self—harm that brexit has caused and from my side a real frustration that perhaps doesn't feature in this analysis. per

left the world economic outlook for the first time in a year the imf chief economist tells cnbc he is cautious about being optimistic >> the days going forward and at the same time inflation needs to be brought down to central bank levels if we don't do this, we are entering a period of instability and it will be that much harder to do it later >>> the energy complex is front and center at the baker hughes meeting as they announce a new partnership. the ceo tells cnbc the deal can help the industry out of the current crisis >> the energy dilemma coming with affordability and sustainability and security. the lack of investment in the last decade is us seen short of energy >>> now ubs and unicredit, two ma major lenders, reported results this morning geoff and joumanna have talked to the heads of the banks. 40% after posting fourth quarter net profit of 2.46 billion euro. twice the average forecast joumanna, you certainly had word from unicredit saying they hope to keep things going like this they have what seems to be a good fourth quarter as well. unexpect edly so >> yes, that is the

what is your take on the imf forecast? i - your take on the imf forecast?o return in the second half of the year. unless something changes that we are not aware of. so possibly it may be that their analysis is a little bit out of date because certainly in the second half of last year, the bank of england is being what we now know to be too pessimistic about its own growth forecast. it was expecting us to be in recession towards the end of last year and we know that is now probably unlikely from the way the data is coming in. so it may be that we look back on today's news and think that the imf was being a bit too sombre about the uk. having said that the underpinning analysis and the reasons behind the slowdown is certainly uncontroversial. the only thing that is not sure is how large and effective it is.— thing that is not sure is how large and effective it is. look to some of the reasons _ and effective it is. look to some of the reasons to _ and effective it is. look to some of the reasons to be optimistic - and effective it is. look to some of the reaso

well, the imf has got for 2023? well, the imf has got a long track . well, i used to a long track. well, i used to work, by the way. i know how these forecasts are construct supported the imf's got quite a long track record of underestimating eu growth before the brexit referendum , which the brexit referendum, which you'll remember well. nigel in june 2016, the imf said that just leaving voting to leave the european union would lead to a severe downturn in the economy . severe downturn in the economy. her majesty's treasury said the same thing, of course, which then chancellor george osborne cited as fact . none of it cited as fact. none of it happened. cited as fact. none of it happened . the uk economy happened. the uk economy actually soured on quite happily throughout 2016 and 2017, and since that brexit vote, of course, while argued about brexit for three years and then there was a transition period, and then pretty much when that ended, we went into a covid lockdown. since then, of course, we've had war in ukraine, but since that vote , the uk since that brexit vote, the uk

, this memorandum signed so far does not provide for any financing from the imf, unfortunately, thisan empty program from the point of view of money, the second memorandum was signed not for the year, the identification duration of this memorandum is 4 months, indicatively until march, where ukraine undertook not to carry out, not to introduce radical tax changes during this period and undertook to eliminate some tax benefits, for example, the introduction of a two percent sales tax, which was really probably well, as we can see, not quite the right decision is therefore to remove this benefit that was given, but there are no other obligations with the imf, we are currently in the process of intensive consultations with them, and i am sure that we will still be able to find arguments to convince the imf that it is really for the period of reconstruction in our the country should have some kind of preferential tax system, yes, in order to give incentives and impulses; the second is that, unfortunately, corruption in our tax system is so deep and pervasive that neither fiscal measures,

the imf report was studied by our economic observer dmitry moroka.actors did the authors of this study take into account? hello, the report specifically states that the ceiling on oil prices will not have a significant impact on russian export earnings and supply volumes to be maintained. the improvement in economic forecasts suggests that russia is successfully overcoming sanctions , as the ministry of economic development commented a new imf report that predicts the growth of russian gdp during the year, experts from the international monetary fund significantly increased their expectations, if earlier they predicted a reduction of more than two percent, now we are talking about positive dynamics plus 0.3, and the twenty -fourth year the russian economy can grow by two as much as 1/10% is believed. the russian economy, ah, was able to adapt and resist the western station in the second place of the actions of the economic authorities of the economic bloc, but ended up in their time, but efficient enough and lo, uh. as a matter of fact, these two uh

, ., ., ., 4' into account today's pro'ections by the imf? , ., ., the imf?ve - the imf? kept a look at the different productive days i the imf? kept a look at the | different productive days and the imf? kept a look at the - different productive days and you have norway, _ different productive days and you have norway, 6 _ different productive days and you have norway, a very— different productive days and you have norway, a very big - different productive days and you have norway, a very big oil- have norway, a very big oil revenue coming _ have norway, a very big oil revenue coming in _ have norway, a very big oil revenue coming in in — have norway, a very big oil revenue coming in in the _ have norway, a very big oil revenue coming in in the uk— have norway, a very big oil revenue coming in in the uk and _ have norway, a very big oil revenue coming in in the uk and a _ coming in in the uk and a different type of— coming in in the uk and a different type of relationship _ coming in in the uk and a different type of relationship with _ coming in in the uk a

the warning from mark -- michael burry from the imf.ave an interview with the bank of israel governor in the next hour. this is bloomberg. hi, i'm lauren, i lost 67 pounds in 12 months on golo. golo and the release has been phenomenal in my life. it's all natural. it's not something that gives you the jitters. it makes you go through your days with energy, and you're not tired anymore, and your anxiety, everything is gone. it's definitely worth trying. it is an amazing product. >> good morning welcome to bloomberg markets europe. i am anna edwards live in london. mark edwards join

we were told by the imf that _ quarters for sure.hat even _ quarters for sure. we were told by the imf that even countries - quarters for sure. we were told by the imf that even countries that l quarters for sure. we were told by i the imf that even countries that are not in recession, it would feel like a recession for hundreds of millions of people on the big worry here is the knock—on impact on the developing world because when the european union, when the us, when china have economic difficulties it is the developing world often suffers the most positive reliance on those big economies.- on those big economies. yeah, definitely- _ on those big economies. yeah, definitely. and _ on those big economies. yeah, definitely. and i _ on those big economies. yeah, definitely. and i think- on those big economies. yeah, definitely. and i think the - definitely. and i think the developing world has definitely been suffering also from the global food crisis, the rise in food prices so i do think that, yeah, the biggest challenge is in the de

at least fill the budget like this, but once again this bill directly violates the program with the imfll, it's just black and white, that's why we can heroically create such a problem now in the first reading, we can continue to the second reading with the whole hall, the whole government, the whole country , we will also be heroic to her decide and tell the imf why we did not mean that at all, but go ahead, thank you please nina petrovna yushanina european solidarity faction dear mr. chairman of the verkhovna rada, i am actually shocked by the indifference of how we are currently considering this block of laws and this law and the next one, because the populist words about supporting industry, about the need to support mr. oleksandr, i respect you very much, but look at what is written here . it seems to me that not knowing that there are already invested industrial parks in our country action city mining town installments of vat benefits for scientific institutions if they purchase equipment for their scientific developments there is a procedure within the customs visa-free mechanism

hannah: if we look at the imf the predictions we saw, the u.k. was the only economy where they predicted it is likely to go into recession. and the cost of brexit as well as the tight labor market is a concern for the u.k. economy. but as you mentioned, for the other economies, it seems more positive, particularly china was a sweet spot given the reopening, or the move away from the zero covered policy. mixed, but cautiously optimistic, i would say. francine: markets today are kind of on tenterhooks. it is very difficult to see how to price in what jay powell could do, is this the biggest unknown? orchid the ecb surprise -- for could the ecb come up with surprises? hannah: the market is predicting a 25 basis point hike. but the focus is going to be on the wording around that. what we're anticipating is it is likely he will indicate ongoing increases, or leave the door open for ongoing increases. that is key in terms of the market not getting carried away, and there is still a focus on central banks. francine: is the market getting carried away? t

the imf forecasts the u.k.l be the only g-7 economy to shrink this year, with growth remaining sluggish in 2024. the u.s. is considering cutting huawei off from all american suppliers, including intel and qualcomm. sources tell bloomberg, there are suspected ties to beijing and the chinese military. under the trump administration, business was restricted but not entirely banned. the international monetary fund has raised its global economic growth outlook for the first time in a year. it now sees gdp expanding 2.9% in 2023, 0.2 percentage points more than in its october forecast. the imf says resilient u.s. spending and china's reopening will help buttress demand. a bomb attack on a mosque has killed more than 70 in northwest pakistan, leaving 150 others wounded. the blast happened during afternoon players close to peschel are -- peshawar's police headquarters. it is the worst such attack in seven months. global news, 24 hours a day, on air, and on bloomberg quicktake. powered by more than 2700 journalists and

but here's the official imf forecast this year.icting inflation to rise by six and a half percent. that's a bit lower than last year and it should fall to around 4% in 202a. so while that growth in prices is slowing, it's still a lot higher than the targets that central banks have to meet. and so they're likely to use higher interest rates as their key tool to get inflation back down to their target. so what can be done? well, as the world's power brokers get ready for their annual meeting at the world economic forum in davos in switzerland? one voice they all listen to is the managing director of the international monetary fund, kristalina georgieva. a real pleasure, my friend, having you on the show. and kristalina, let's start with this, because you've recently said a third of the world is heading into recession this year. how deep do you think the recession could be? and importantly, kristalina, where are we talking about? what we are looking into is a tough 2023. where we would lend is to be seen. our expectation is that the n

the imf's predictions right?t's look at the predictions, let's look at the predictions, let's look at the facts of what's in terms of uk growth. the average growth for the uk economy has been just two thirds under the conservatives that it was under the last labour government and the last labour government and the uk is now the only major economy to be smaller today than it was before the covid pandemic hit . that isn't predictions hit. that isn't predictions about what is to come. that is the state of the uk economy. after 13 years of conservative government government now tens of thousands teachers have joined the uk's largest education union to take part in strikes tomorrow. the national education union says , 40,000 education union says, 40,000 school staff signed up a fortnight. tomorrow is the first of seven days of strikes by. the union during february and march amid a pay dispute. union during february and march amid a pay dispute . the amid a pay dispute. the education minister, nick gift described the s

, are predicted to do better than the uk. i imf, are predicted to do better than the uk. 4' imf, aremf, are predicted to do better than theuk. ~ ., , the uk. i think that it's absolutely true and certainly _ the uk. i think that it's absolutely true and certainly an _ the uk. i think that it's absolutely true and certainly an argument. the uk. i think that it's absolutely l true and certainly an argument you can accept from opposition parties, this is notjust about the impact of the pandemic, notjust about some of the pandemic, notjust about some of the economic challenges with inflation, it is also, labour would argue for example, about the conservative party's management of the economy. there is a big debate about how best to make sure the uk gets back on its economic feature, i think it will be a defining debate of the next 18 months in the run—up to a general election probably late next year but the eminent challenge i thinkjeremy hunt faces from his own party is that one of what you do about tax cuts —— at the eminent challenge. he is appearing at a 1922 committee meeting this a

what do you think about the imf predictions? t think about the imf predictions? slow down in the three major pillars of global growth, china, europe and the us, and the reason i'm confident is because it is partly by design. we had inflation last year which was inflation that people began to feel for the first time in many decades, and central banks have been addressing that by raising interest rates. when you raise interest rates, you inevitably slow growth. there is a balancing act to be struck this year. you can't raise rates so much that you cause so much lack of growth that you end up with major recessions and a spike in unemployment. so for that balancing act is going well. we are steering inflation down. we are also stealing growth down but we haven't had a spike in unemployment, so there was a bit of wait and see what will happen in the middle or later in the year. there could be higher unemployment and that slow growth could come through. it is unemployment and that slow growth could come through.— could come through. it is important to tell viewers _ co

even though in october , same body the imf had october, same body the imf had expected a growth pattern of 0.3. however chancellor jeremy hunt says britain outperformed many other forecasts despite higher interest rates and tighter government budgets. the shadow chancellor rachel reeves, says the stance is because of 13 years of conservative economic policy . and yet the government policy. and yet the government is failing to seize the initiative . and we see today initiative. and we see today with these from the imf , with with these from the imf, with the uk now at the bottom of the league table for growth both year and next, the government needs to be doing so much more to fulfil the potential the uk economy . it's been revealed economy. it's been revealed tonight the actor alec baldwin has been officially charged with involuntary manslaughter . the involuntary manslaughter. the fatal shooting on the set , the fatal shooting on the set, the film rust. cinema telegraph's helena hutchins was killed dunng helena hutchins was killed during rehearsals in the us state of , mexico in 2021,

apparently the imf idiots okay, imf are idiots. okay, very confused. we've become imf are idiots., very corvery d. we've become imf are idiots. okay, very corvery reliant we've become imf are idiots. okay, very corvery reliant on we've become imf are idiots. okay, very corvery reliant on spending:ome imf are idiots. okay, very corvery reliant on spending and; so very reliant on spending and printing out fake money, haven't we. and got we. and yeah. and we've got massive inflation. although i also other that also heard the other day that falling going falling inflation is not going to i'm very, very to be problem. so i'm very, very confused. jonathan, confused. but jonathan, i hope you clear up well, you can clear it up for. well, you can clear it up for. well, you know, i've it 25 seconds so i think bring liz truss is probably the most practical thing we can do well so printing money is bad and not printing money is bad and not printing money is bad but are we just generally in trouble .7 yeah, we generally in trouble? yeah, we need to cut and the tory party need to cut and the to

we've seen the imf statistics.ying these are tied to fiscal and monetary policy and financial conditions and high energy retail prices are still causing this. we're going to our plan. they can't do it well. wow what we expect of our politicians is that they're going to act in the best interest of this country . and if interest of this country. and if that means backpedalling and doing what is in the best of this country and, despite the fact that it says mounting , the fact that it says mounting, the pm and chancellor have held back on calls to slash taxes if that is acting in the best interest of the country, then fair? but i would suggest that if it means looking relooking again at what is in the best interest of our economy to get our economy working so that we're not ahead of the g7 . we are the slowest of the g7. we are the slowest economy to get working . we need economy to get working. we need to get our economy working . how to get our economy working. how can they? because spin this any way ? you know, how

apparently the imf idiots okay, imf are idiots. okay, very confused. we've become imf are idiots., very corvery d. we've become imf are idiots. okay, very corvery reliant we've become imf are idiots. okay, very corvery reliant on we've become imf are idiots. okay, very corvery reliant on spending:ome imf are idiots. okay, very corvery reliant on spending and; so very reliant on spending and printing out fake money, haven't we. and got we. and yeah. and we've got massive inflation. although i also other that also heard the other day that falling going falling inflation is not going to i'm very, very to be problem. so i'm very, very confused. jonathan, confused. but jonathan, i hope you clear up well, you can clear it up for. well, you can clear it up for. well, you know, i've it 25 seconds so i think bring liz truss is probably the most practical thing we can do well so printing money is bad and not printing money is bad and not printing money is bad but are we just generally in trouble .7 yeah, we generally in trouble? yeah, we need to cut and the tory party need to cut and the to

the imf do not mention the word brexit at all.talk about government policy, bank of england policy for fighting inflation with increasingly increasing interest rates. they will go up again later this week in the u.k. and the continued high energy prices. imf saying those will continue to weigh down on household income which will depress the economy. they don't say the brexit word specifically, but quite a few of those factors have brexit related implications. for example, food price inflation in the u.k. is quite high at the moment. double digits for some foodstuffs and quite high. it is hard to disentangle the brexit impact, but the cost of importing food from the eu has gone up as a result. more bureaucracy for the importers. ok, brexit is not responsible for all of that projected economic activity in the u.k. but it is for some of it. because it is difficult to entangle, journalists like me, politicians from different parties, think tankers, individual citizens will still try to untangle it in their minds for years to come. lau

rishaad: one subject to another, imf, it is rare for them to be critical.ng their voice to the chorus adding -- asking for some kind of change in the 10 year gdp. kathleen: they are used to the international monetary fund telling countries what to do. japan is still the third largest economy in the world. it is anything but a developing country. it is a leading force in economic power in the world. for them to tell the bank of japan that they have to get more flexibility, that would help avoid abrupt changes later. we know that the last meeting, it did not do that in january. this is creating a lot of uncertainty as time when inflation has gone up again. the think here is that there is one more meeting in the second turn and's april 8. they need to either increase the 10 year yield target or widen the band. shorten the yield curve target, target five-year bonds instead of tenure or pivot back to a quantitative tightening being reset a limit for purchases. this goes to show how concerned many investors are that this is untenable now and the banking trend is

now economic news masha , the head of the imf, made her forecast for the growth of the world economy.s no different from the october institution of economic growth , in her opinion, it is not worth waiting. although there are many reasons for this. i'll tell you more about this a little later, but for now, here's what. the cargo turnover of russian seaports last year, contrary to gloomy forecasts, did not decrease, on the contrary, it increased by more than half a percent and amounted to 841.5 million tons. this was published by the federal agency for maritime and river transport, if we consider the general statistics, then in general the volume of dry cargo transshipment decreased slightly compared to tonnage cargo increased growth, in all respects showed the port of the arctic and azov in the black sea basin. but the dynamics of the cargo structure in the baltic caspian and far eastern basins clearly demonstrates that prompt measures were taken to reorient traffic to the east. well, and then to the south they noted the speech of the fleet in the rosmor. they added in relation to the

i asked her how worrying the imf�*s comments are for china. worried in that for her to come out and say this, she must have access to some non—public information, because based on public information that many economists around the world have been relying on, predictions that china is going to grow between 4.5 and 5.5% and for her to say that it could be a drag and potentially be below global growth is actually very extreme. so the only thing i can think of that would warrant such a forecast would warrant such a forecast would be if she thinks that there is a very high likelihood of some kind of geopolitical shock that involves china, which is not unheard of given that has been lots of conversations about taiwan being a potential theatre. absolutely. and often when these sorts of predictions are made by institutions like the imf and world bank they are sort of warning signals to the rest of the world, aren't they, a way for us to sort of interpret what the next few months might hold in terms of global growth. what impact are using their tours w

imf says more flexibility in controlling long-term yields would help better manage risks.bt the fund said moves must be growth-friendly and credible. >>> now, japan's suzuki motors is embarking a new growth strategy. rolling out electric vehicles in domestic market and abroad. suzuki's first ev will be used for commercial use. the plan is to expand the domestic lineup by fiscal 2030 with more models including passenger mini-vehicles and compact suvs. in europe, they'll focus on medium-size passenger vehicles. as well as suvs. it hopes to offers its first ev there in fiscal year 2024 and have five models by fiscal 2030. india, the goal of having six electric models on sale by fiscal 2030. the largest share of india's passenger vehicle market. suzuki announced its investment plans through 2030. with a total of $34 billion. the company will spend about $50 billion on research and development. >>> a transportation company in japan is working on a vehicle that operates both as a bus and a street car. as the first step in the development a safety test was conducted this week in

the imf warning one third of the world will fall into recession this year. struggle, xi jinping warns tough challenges remain in china's battle against the virus . signs emerge infections may have peaked in some major cities. test us quarterly deliveries miss expectations despite offering rare incentives in the u.s. and china. we will check in on the markets, european equities building on the gains from yesterday. u.k. reopening with a bang, propelled by the oil space. shell and bp driving the ftse higher. for the context, last year was a relative outperformer. aberdeen saying there is more upside for u.k. equities in this environment. the dax in germany gaining 0.8%. markets are pricing in 150 basis points from the ecb by the middle of the year. we are looking forward to the fomc at of the u.s. let's switch over and see how things are playing out across sectors. travel and leisure doing well. 2.3%, that will feed into the ftse 100. retail sector, 1.6%. energy, 1.6%. every sector gaining at the start of the year, building on the 1% upside across yesterday's

all the kind of stuff we expect in the imf -- and the imf play catch up.been priced in? we have seen this over the past three months. we have seen a rally gain steam in certain areas tied to the reopening trade. happy priced in mormon -- have we priced in more momentum? what is the fed funds rate we are talking about? what is the new normal when it comes to inflation to expect where we expect valuations. jonathan: they are saying five. some people saying tomorrow the hike might be the last one. tom: i'm sorry. it is dated ex post. mcdonald's is trading 3% under a record high. 3% up and they had a record high. they have done 12.7% over the last 10 years. your. -- per year. just terrible. jonathan: he is not being sarcastic. i will share the numbers with the audience. sales for the fourth quarter of 12.6%. the estimate plus 8%. lisa: came in much better than expected. sales came in better than expected but so did earnings. sales revenue much more -- much better than expected where earnings-per-share not as much but still beating. margin compression on the ma

we'll be looking at the details of the imf�*s prediction and asking how worried we should be.on the programme... police apologise to the families of the 97 victims of the hillsborough disaster — promising cultural change a suicide bomb attack on a mosque in peshawar in pakistan — has claimed more than 90 lives a plan to allow everyone to live within 15 minutes of a green space or water is unveiled by the government and united by music — liverpool's new slogan as it prepares to host this year's eurovision song contest coming up in sport on the bbc news channel, the latest on football transfer deadline day as arsenal agree a £12 million deal with chelsea to sign italian midfielderjorginho. good afternoon and welcome to the bbc news at one. there's a gloomy prediction about the state of the uk economy this year from the international monetary fund — which says it will perform worse than all other major advanced nations. and that is including russia. their assessment suggests the economy will shrink by 0.6% — that's a sharp downgrade from an earlier prediction, although they do sa

that's the stern warning coming through from the imf and budget policy proposal which follows annual consultations with japan. saying the intervention to help lower volatility, but effects are likely to be temporary only be used in disorderly market conditions. that's the policy proposal coming from the international monetary fund on the bank of japan. allowing bond yields to move mor defensively. >>> and these are the numbers from germany and the u.s. offering to send more tanks to ukraine. rheinmetall trading to the upside to the defense counters right now. the u.s. has confirmed it will send 31 abraham tanks to ukraine hours after germany announced it will deliver 14 leopard ii tanks. olof scholz says his government would also approve european allies request to shiptanks to ukraining paving the way for countries like poland to supply ammunitions. ukraine welcomed the decision as it prepares for a spring counter offensive. the kremlin called it a dangerous escalation u.s. president joe biden says the tanks will help ukraine defend its territory and pose no offensive threat to russi

markets eye early gains despite the wall street worst year as the imf director warns of a tough 12 monthshead. >>> and travel stocks rally as china continues to reopen, but beijing hits out on restrictions on chinese travelers hinting at retaliation as covid casts a shadow over the economy. >> translator: it has not been an easy journey. we have tough challenges. >>> and nbc news learns sam bankman-fried will plead not guilty to the fraud charges over the crypto exchange ftx when he appears before a new york court today. >>> well, good morning happy new year welcome to 2023. what a start to the year already. lots of green on the board we are starting off in good fashion despite the negative news overnight from china. imf managing director warning of the outlook for 2023 so far the markets are shrugging that up 1.5%. for the year, 2022, the stoxx 600 was down 13% s&p in the u.s. down 18% perhaps a year to forget for many investors so far in 2023, early days and hours of the year and starting off positive 1.5% in the early minutes of trading. let's get to the individual index. the uk index

. >>> imf managing director tells cnbc fragmentation risk is a major blow to the economy. >> 76% will translate into $7 trillion wiped out the size of germany and japan gone clearly this is not a desirable path to follow. >>> the decline for the month of december for germany and hamers says the inflation is sticky more in the u.s. >> it is on the way back in the u.s. as in europe. we feel there is going to be an issue here in europe earlier than the u.s >>> i'm julianna tatelbaum also coming up on the program, global recession fears weigh on markets with euro trading in the red and wall street also looking to open lower. >>> a big welcome to "street signs" for myself in davos we are here for the world economic forum there is so much to look forward to this week and we will kickoff the snow edition of "street signs" with a stacked lineup starting with the interview with bill winters and the ceos of onv and the chairman of the property developer dammak we will be joined by unilever ceo and bank of portugal governor central bank is topical this week the focus on the bank of japan the two

the imf expects growth of almost 3% this year.sian stock market is in positive territory these minutes, but before the meeting of the us federal reserve. the players, of course, are unlikely to make any very active movements. the ruble tried to rise in price today after yesterday's fall, but did not achieve much success in this and now the dollar is still above 70, and the euro is worth more than 76 rubles. in russia , clinical trials of drugs have been reduced in the past year, the ministry of health issued 740 permits. this is 18.5% less. than a year earlier, the calculation of the analytical center wada. mecom leads to newspapers such dynamics appeared due to the fact that foreign manufacturers more than halved the number of studies. and although many companies did not fall under the sanctions, for example, gsk on vartz phizer stopped new research in russia, so now, according to bodemicum , the ratio is 71% of studies are carried out by russian companies 29% foreign, but the problem adds analytics, also in the fact that most of

richard holden says the uk can beat the imf negative forecast . beat the imf negative forecast. well look, i think over the last couple years we have a we have to see difficult times and we are we seen some stability brought in by rishi and jeremy. what we're seeing now is constantly policy changes , but constantly policy changes, but is the government concentrating on top priorities? first of all, deaung on top priorities? first of all, dealing with the boats , dealing dealing with the boats, dealing with backlog. but we've got with the backlog. but we've got to that under control. we've to get that under control. we've got inflation control got to inflation under control and growth going. but and we've got growth going. but i that can really buck i think that we can really buck the trend with beating in the forecast and the forecast from. the imf and the oecd over the last couple of years. i think we can years. and i think we can certainly do again . years. and i think we can certainly do again. nhs certainly do it again. nhs consultant in england will hold an indicative ballo

he expects $20 billion in the imf. is he going to get it?> we're working on providing support for ukraine. we have assessed the needs of ukraine to range somewhere between $3 and $5 billion a month. what putting with destroying critical infrastructure in ukraine, this is horrific. and it means that in the next months, the country would be more on the high end of this range because it is put in an awful position to have to restore access to electricity, to heat, to water. ukraine has proven to be remarkably resilient. ukrainian economy's functioning, pensions are being paid. when there is bombardment, restoration of energy, water, h heat, is done very quickly. we see revenues collected in ukraine in a very disciplined manner to support -- >> so the government is not going to collapse? >> the government is very well functioning under incredibly difficult circumstances. no, they're not going to collapse. and another thing that is so remarkable is, actually, the world has proven to be more resilient than we feared a year -- in the beginning of t

analysts suggest that the deficit is likely to rise again this year as well. the imf is still expectsorld economy to grow by 2.7% this year and is not going to revise its forecast, said the director of the crystallin fund. georgiev, according to the results of last year, the imf expects growth by 3.2%, that is, on 23 the world is waiting for a slowdown in positive dynamics, at least by half a percentage point, while further pulling made a statement that can be called contradictory, on the one hand, the mv believes that a recession can be avoided . on the other hand, it emphasizes that the impact of a tough monetary policy largest central banks. still to be felt. at the same time, inflation remains stubborn, which means that the work of these regulators has not been completed; most experts believe that the leading central banks are deliberately driving the world economy into recession, because otherwise there is no way to get rid of the consequences of exorbitant anti-covid injections against the backdrop of all these contradictions. the managing director of the western institute ackno