the oecd produced _ the problem becomes. indeed. the oecd produced a _ the problem becomes. indeed.the problem becomes. indeed. the oecd produced a recent forecast i the problem becomes. indeed. the i oecd produced a recent forecast that indicated that we have elevated shipping costs, even a doubling of shipping costs, even a doubling of shipping costs, even a doubling of shipping costs, from where they were last year. if that persists for a year that could increase cpi inflation across the globe by 0.4%. that are the sort of headwind is that businesses across the world is facing in terms of this continued disruption, that this becomes the new normal. disruption, that this becomes the new normal-— new normal. apart from the diplomatic _ new normal. apart from the diplomatic and _ new normal. apart from the diplomatic and military - new normal. apart from the - diplomatic and military response, i wonder what government can do to help make things a bit easier for business. in help make things a bit easier for business. ., , business. in the uk we have been advocating _ business. in th

both in the oecd produced _ the problem becomes? both in the oecd produced a _ the problem becomes?ecent _ the problem becomes? both in the oecd produced a recent forecast i oecd produced a recent forecast which indicated that if we have elevated shipping coasts or even a doubling of shipping coasts from where we were last year, that persists for a year, that could increase cpi inflation across the globe by 0.4% so that's the sort of headwind is that business across the world are facing in terms of this continued disruption if this becomes the new normal.— continued disruption if this becomes the new normal. yes, and quite aside from the diplomatic— the new normal. yes, and quite aside from the diplomatic and _ the new normal. yes, and quite aside from the diplomatic and military - from the diplomatic and military response, iwonder from the diplomatic and military response, i wonder what government can do to help make things a little easier for business?— can do to help make things a little easier for business? well, in the uk we've been — easier for business? well, in the uk we've

deed, and the oecd produced a recent forecast _ becomes.mes. deed, and the oecd produced a recent forecast that indicates - a recent forecast that indicates that if we have elevated shipping costs, so even a doubling of shipping costs from where they were last year, if that persists for a year, that could increase cpi inflation across the globe by 3.4%, so that is the sort of headwind is that business across the world is facing in terms of this continued disruption, if this becomes the new normal. , ., disruption, if this becomes the new normal. , . ., , ., normal. yes, and quite aside from the diplomatic _ normal. yes, and quite aside from the diplomatic and _ normal. yes, and quite aside from the diplomatic and military - the diplomatic and military response, iwonder the diplomatic and military response, i wonder what government can do to help it make things a easierfor business? in can do to help it make things a easier for business?— can do to help it make things a easier for business? in the uk we have been — easier for business? in th

we are part of the oecd. that means costa rica can join usmca. why not? usmc has pretty good high standards for costa rica can get to those standards so it prepared uss for that which is again that doesn't mean if we start with other trade agreements that doesn't mean we are going to leave one behind but it's going to, we can get more and we can have higher standards. if the country can do that, why not? >> ambassador let me ask you about singapore's agenda. while the u.s. has moved away from negotiating traditional trade agreements singapore has implemented 27 fta's within singapore. do you think of those as just part ofhi your economic agenda r do you also think about them as part of a foreign-policy? >> i think that trade is three times the gdp. i believe in intellectual trading system how it was forged by the u.s. coming of world war ii and over the decades it's had economics to believe economic growth and allowing efficiencies of scale in productivity and innovation. in our part of the world we have seen how trade has fueled domestic development but

the imf, the world bank, the wto, the oecd. and finally we are coming together in one task force to try to see if we can put all our energies together, develop a common methodology or framework. we know that not every country is going to have a carbon price or tax. the u.s. will never do it. they will approach it to regulation subsidies and other means but once we have a common framework we can all measure what were doing against that. more importantly we can transfer some of the resources raised to a finance the green transition period so thank you for raising that. >> dr. ngozi i know he have to leave in a couple minutes because an important meeting. why has it been so slow? is a because were distracted with of the crisis and are you confident that all of this is going in the right direction? >> well, it's social because i mean when to talk of raising taxes of price, it's never a popular. as someone said jeff so many former, present finance ministers on the panel. we know what this means. it's politically difficult to talk ab

my colleague was talking about the oecd, but there are standards with the wto and many more. if we look at the geopolitics, what is happening right now in the world, i think it is getting scarier. each day, the turbulence, the conflicts around the world actually have a huge implication on our economy. when you have reliable trading partners, if you have strong and resilient transatlantic relations, even during the most severe crisis, you actually see the trade growing. last year, we had 1.3 trillion euros between the eu and u.s. last year would be almost 5% higher. one of the reasons for growth was that in europe, we had to make a huge change because of european overreliance on russian energy sources had been an issue , and they underestimated how much it cost. on top of that, you have to find where to buy new resources. most of the growth of the trade is a do to the eu buys a lot of lng. if you need to change more than 60% of your energy resources, you have to pay the price and you have to rely on your allies. we can go sector by sector. if you want to find alternative or ha

clare lombardelli of the oecd.ee how you could have an outlook for 2025 right now on inflation, on growth, without the clarity of what policy is going to look like in the white house. if we are seriously having a conversation between maintaining the current stance on china, which is tariffs but not increasing, that is option one. option two, going forward with a blanket 60% plus tariff on chinese imports. you will have a radically different outlook on both growth and inflation. annmarie: and not just 60% blanket tariffs on china. also a potential 10% tariff wall, invisible wall as they describe it, of all imports into the united states. that is very different than what we would see with another biden administration. jonathan: every outlook needs that asterisk. it needs that caveat. these are our basic assumptions, continuation of what we have seen coming out of the white house because when you start pulling -- putting in different alternatives, you get a very different outlook. lisa: what did lori say earlier? ever

this was the biggest contraction since the second world war in any oecd country. it is an opportunity to really change the country. and essentially, what i would like to do is make sure i release creative forces. greeks are incredibly talented and i want them to be able to prosper in the country rather than move abroad. francine: what is your biggest dream for greece? pm mitsotakis: to become a global protagonist in those areas where we can be a protagonist, and to be able to catch up in those areas where we are still laggards. and to address what i consider to be the three big challenges, which is the environment, the digital challenge, the opportunities and threats of ai. but, for me, the most important challenge is income inequality. at the end of the day, i want to look at the goals we delivered. i will be happy if i see less inequality rather than more. it's always a risk in rapidly-growing economies that you actually have more inequality. we have been able to lower inequality over the past four years, because we have actively supported those in need. at the

was the biggest contraction since -- people forget about it, but since the second world war in any oecdntry. but it is an opportunity to really change the country. and essentially, what i would like to do is make sure i release creative forces. greeks are incredibly talented and i want them to be able to prosper in the country rather than move abroad. francine: what is your biggest dream for greece? pm mitsotakis: to become a protagonist -- a global protagonist in those areas where we can be a protagonist, and to be able to catch up in those areas where we are still laggards. and to address what i consider to be the three big challenges, which is the environment, the digital challenge, the opportunities and threats of ai. pirate prime minister, do about giving opportunity to those who are less privileged. this is what really excites me and makes me work harder when i feel tired. francine: prime minister, do you think that is why people voted for you, or is it because they didn't have a real alternative? pm mitsotakis: i think that maybe in 2019, people voted for us because they were fed

if you look at the oecd , japan.f england and the obr, they all say that there will be growth and that is coming. we need to stick to the plan. but the final piece of the jigsaw you mentioned was firmly in my brief. that was the prime minister's plan is the prime minister's plan and is the prime minister's plan and is the prime minister's plan and is the prime minister's plan to stop the boats that something boats that that is something that's me. the that's been given to me. the prime has given that to prime minister has given that to me deal i was in france me to deal with. i was in france 48 hours that is our 48 hours ago. that is our mission. and i'm very clear that we absolutely must and will stop the okay, tomlinson, thank you >> okay, mr tomlinson, thank you very much indeed forjoining me this morning. joined now by this morning. i'm joined now by retired yard deputy retired scotland yard deputy assistant commissioner david murray gilbertson. he's the author of this book, the strange death constable george dix

i understand it, currently only has 2.5 doctors per 1000 people, that's the second lowest rate for oecdhere is clearly after mexico. there is clearly a need then, isn't there? how did you get so bad? figs a need then, isn't there? how did you get so bad? $5 i a need then, isn't there? how did you get so bad? as i noted, the number _ did you get so bad? as i noted, the number of _ did you get so bad? as i noted, the number of medical- the number of medical school and tourists quotas state a little bit over 3000 since 2006 so it remains the same for almost 20 years. and the president is saying that we are seeing quickly ageing population and there are even several cases in which patients die out because they failed to get copper treatment at the right time. and this is due to lack of doctors. but doctors are opposing to this because they are saying the problem is that not the number of doctors but the problem is that most number of doctors are concentrated in popularfields such as plastic surgery and dermatology. and what they are saying is if government is trying to solve the problem, the

. >> last year we beat the oecd average which was 1.7 for the year.in 22 was 6.5 select a tiger kind of economy. they are projecting next year would be 2% which is for israel sort of sledging. the projection for 25 is already at 4.5%. the economy is clearly already in the middle of a rebound the bad numbers for the fourth quarter were largely because the major impact of the war was in october and november when the full brunt of the call up of the workers who had to go to reserves 300,000 of them are now coming back. the economy is coming back. the three sectors hit the worst are tourism, agriculture and construction. all of these are starting to see mitigation. in the tourism area, channels are opening up. in construction and agriculture foreign workers are coming back there are discussions about how to bring palestinians back from the west bank in. all of this is coming back and everyone is watching the tech sector to see what's can happen there. >> we talked to you with relish. that's the economic situation overall. what about the business climate a

the uk is now 14th in the internationally respected test run by the oecd or we just cut the tail endside for us. night. we can go to dan johnson who was outside for us.— night. we can go to dan johnson who was outside for us. what happened in court today? — was outside for us. what happened in court today? yes, _ was outside for us. what happened in court today? yes, a _ was outside for us. what happened in court today? yes, a short _ was outside for us. what happened in court today? yes, a short hearing - court today? yes, a short hearing were 44—year—old anthony was brought in front of the magistrates�* court after being charged with the murders of max dixon and mason yesterday. he was only asked to confirm his name and address and date of birth and he was brought into the surrounded enclosed glass dark by an officer who he was handcuffed to and he was wearing a greyjumper and tracksuit bottoms and he was told the magistrate court has no power in this case to grant him bail so he will be remanded in prison until he appears at bristol crown court tomorrow. one of us in person or by

middle of the across the g7 , across the pack across the g7, across the pack across the g7, across the oecdconomies in terms of growth since both 2016 and since 2020, when the withdraw agreement came into effect . but the whole western effect. but the whole western world has really been stagnating . you know, germany's been in recession, europe's biggest economy, since , you know, for economy, since, you know, for most of 2023. germany was in recession. >> our gdp is doing better than france, and germany's is cold comfort farm, given where we are because because all western economies are stagnating, all western economies are going through crisis productive through a crisis of productive city, particularly europe . city, particularly in europe. >> the standout , uh, economy, >> the standout, uh, economy, probably in the world, even compared to the chinese economy at the moment, is the us economy, which is seeing growth of 2 to 3. and that's because or it's partly not just the sort of drive and dynamism and huge capital markets of the us . it's capital markets of the us. it's also because the

the programme for international student assessment just came out with a report out, um, across 39 oecd the rates in reading and science and math relatively steady . between 2000 and 2012 steady. between 2000 and 2012 and then things started to plummet. um, and this was way before, um, the covid pandemic even began. um, and the number one leading theory about what is driving these changes is the mass migration of adolescents onto smartphones and social media, right? in the years . of media, right? in the years. of 2010 to 2015. >> but it's always difficult to prove causality, isn't it, that there are other things going on that society seems to be becoming more competitive. children be up children seem to be growing up quite quickly in in the modern age, with pressures on them to pass exams, particularly being strong and stronger than they were with almost everybody now going on to university . and i going on to university. and i just wonder how confident you are that this is about mobile telephony rather than the other pressures on young people . pressures on young people. >> it's a gre

if we'd the kind of growth that we'd had the kind of growth that say, have had , i mean, say, the oecdrachel reeves was talking about an extra £50 billion in tax that that would that would have delivered when she was speaking earlier delivered when she was speaking ear so , so the thing is >> so, so the whole thing is that the, the, the growth bit and i think that catherine is absolutely the really absolutely right. the really worrying figure nearly two worrying figure is nearly two years gdp per person going years of gdp per person going down. so that's what 12,500 poundsis down. so that's what 12,500 pounds is costing people. >> but in that period we've had 1.4 million people extra come into the country who come in inevitably with a lower gdp. so mass migration is finally being exposed as an economic weight rather than an economic boost. >> not quite, because a lot of the of the 700,000 that are coming in, about two thirds of them were students, and those students are not technically an export, but they are on average paying export, but they are on average paying £25,000 per year in

we are pretty much the pack for the much middle of the pack for the oecd and the g7 since 2016.0, actually left late 2020, when we actually left it. um, and there are some good signs now. there are survey indices. they called the pmi surveys . martin, you indices. they called the pmi surveys. martin, you and i've talked about them in the past, purchasing manager index surveys. are surveys surveys. these are surveys of business businesses , business leaders big businesses, small businesses where they think the economy is going. they're bellwethers. they're kind forecast . what the kind of they forecast. what the official numbers are going to say when the official numbers come out months later and the pmi the uk, pmi indices for the uk, particularly service sector, particularly the service sector, there know, 18 month there are, you know, 18 month highs moment , the highs at the moment, the manufacturing they're manufacturing sector, they're pmi surveys are certainly on the up better order books. up amidst better order books. it's not out it's certainly not rosy out there in the e

if you look at the oecd, if you look at the bank of england and the obr, they all say that there willo the plan. but the final piece of the jigsaw, you mentioned was firmly in my brief. the prime brief. that was the prime minister's plan and is the prime minister's plan and is the prime minister's plan and is the prime minister's plan the minister's plan to stop the boats that that is something that's been given me. the that's been given to me. the prime minister has given that to me to deal with. was in france me to deal with. i was in france 48 hours that our 48 hours ago. that is our mission and very clear that mission and i'm very clear that we must. will we absolutely must. and will stop boats. we absolutely must. and will st0|okay boats. we absolutely must. and will st0|okay .oats. we absolutely must. and will st0|okay . mrs. we absolutely must. and will st0|okay . mr tomlinson, thank you >> okay. mr tomlinson, thank you very for joining >> okay. mr tomlinson, thank you very forjoining me very much indeed forjoining me this . coming up next, this morning. coming up next, we're g

the right direction with predictions that they will be growth in the future, from the obr, from the oecdt and they are judging direction. voters have clocked that and they arejudging him harshly. laura, the task he set me is the fifth, the final one of those pledges, stopping the boats. that has been a challenge he sent me, thatis has been a challenge he sent me, that is myjob title, if you like. look at last year, we saw boats crossing is down by over a third, 16,000 fewer people. the job crossing is down by over a third, 16,000 fewer people. thejob is not yet done, we still have the deterrent effect that we need to put in, there are wanda bill, we will see that tomorrow coming back to the house of lords in committee stage. —— wanda. when it comes back to the house of commons and we make the law, as i believe we will, that is when we can ratify the treaty and make sure we can get planes off the ground. the deterrent effect can and will work. ., ., , , ., will work. you hope, there is no firm evidence _ will work. you hope, there is no firm evidence it _ will work. you hope, there is no

let's stay with the global economy as the oecd that covers 38 major market economies says the blockshree months of last year showing a modest 3.4% uptick but crucially avoiding recession. despite falling numbers from major economies from the g7 with germany, japan and the uk all contracting. so what does this say about the state of the global economy? joining is now is jackie bowley, head of financial —— chatham financial. why did growth, g7 growth, dip slightly quarter to quarter at the end of last year? quarter to quarter at the end of last ear? ., quarter to quarter at the end of last year?— quarter to quarter at the end of last ear? ., ~ ., ., , last year? you know, we have been in this monetary — last year? you know, we have been in this monetary tightening _ last year? you know, we have been in this monetary tightening scenario - this monetary tightening scenario for over 18 months and those high interest rates coming from those central banks are really starting to hit in the real economy. outside of that, there are some more specific factors country to country, and you highlig

that's why if you ever see something from oecd, they have the united states at like 144% debt to g.d.p. it's because they put back in the borrowing from trust funds. it turns out treasury, a few hours ago, did one of their monthly updates. and i have to apologize to everyone that interest, gross interest for the year, wasn't $1 trillion, i got it wrong. it turns out it's going to be $1.67 trillion. and we think this number is off. because we've been looking at the treasury receipt, the growth of the spend, growth of health care, growth of interest. my math now is just interest, just interest, this year, will be $1.1 trillion. excuse me. one trillion, one hundred billion dollars. no one know what is 12 zeros are. when i speak about a trillion dollars with my brothers and sisters, my members of congress, our staff, they just stare at you. what you need to understand is, this is a disaster. it's an absolute disaster. trillion. thousand billion. but yet we're going to sit here and knife each other for months and months and months over a fraction of a fraction of a fraction of this because

if the uk economy had grown at the average rate of other oecd economies over the past decade, it wouldalso to £5,000 per household every year. that would also mean an additional £50 billion in tax revenues to invest in our crumbling public services . crumbling public services. today, the average . british today, the average. british family is 20% worse off than their german counterparts . 1 in their german counterparts. 1 in 3 working age families have less than £1,000 in savings and the typical family renewing their mortgage this year will find themselves paying an additional £240 every month . £240 every month. >> that was shadow chancellor rachel reeves, with what you would probably expect was a pretty withering assessment of the government and the economy , the government and the economy, and she was reacting to britain being in a technical recession. well, let's get some reaction to this. >> yeah, we're going to talk to the chief economic adviser at the chief economic adviser at the economic the centre for economic and business pryce. business research, vicky pryce. vicky expect t

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