Kenyans grappling with high cost of living

STORY: Kenyans grappling with high cost of living SHOOTING TIME: April 4, 2024 DATELINE: April 6, 2024 LENGTH: 00:04:21 LOCATION: Nairobi CATEGORY: SOCIETY SHOTLIST: 1. SOUNDBITE 1 (English): RUTH WANGARA, Xinhua correspondent 2. various street shots 3. shot of Xn Iraki 4. SOUNDBITE 2 (English): XN IRAKI, Economics analyst 5. various of Kibera food market 6. various of supermarket shoppers, slum and vegetable vendors 7. SOUNDBITE 3 (Kiswahili): MARTIN MASANGA, Vegetable vendor 8. various of motorists 9. various of petrol station 10. SOUNDBITE 4 (English): DAPHNE TOO, Local resident 11. various of people on street 12. SOUNDBITE 5 (English): XN IRAKI, Economics analyst STORYLINE: SOUNDBITE 1 (English): RUTH WANGARA, Xinhua correspondent "Kenya, alongside other African countries, has been in a state of high inflation rate resulting to high cost of living. This has led to a majority of the population being in financial distress or struggling to make ends meet. This high economic status has impacted the people

Spanish economist warns of Eurozone's sluggish economy in 2024

STORY: Spanish economist warns of Eurozone's sluggish economy in 2024 SHOOTING TIME: Dec. 20, 2023 DATELINE: Dec. 21, 2023 LENGTH: 00:02:05 LOCATION: BARCELONA, Spain CATEGORY: ECONOMY SHOTLIST: 1. SOUNDBITE 1 (Catalan): SERGI BASCO, Associate professor of economics at Barcelona University 2. SOUNDBITE 2 (Catalan): SERGI BASCO, Associate professor of economics at Barcelona University 3. various of street views of Spain STORYLINE: A Barcelona-based Spanish economist has recently warned that the Eurozone will see sluggish economic growth in 2024 as the continuing efforts to curb inflation may lead to unemployment. SOUNDBITE 1 (Catalan): SERGI BASCO, Associate professor of economics at Barcelona University "The European authorities are only concerned about inflation and in that sense, they're doing a good job because inflation is coming down, but the risk is that they overdo it and put interest rates up too much and we'll see an excessive slowdown in growth in 2024 and 2025" The forecast for the Eurozone is

Eurozone inflation eased, but months from 2 pct target: Spanish economist

STORY: Eurozone inflation eased, but months from 2 pct target: Spanish economist DATELINE: Aug. 5, 2023 LENGTH: 00:02:42 LOCATION: BARCELONA, Spain CATEGORY: ECONOMY SHOTLIST: 1. various of the European Central Bank 2. SOUNDBITE 1 (Spanish): JAVIER DIAZ-GIMENEZ, Professor of Economics at IESE Business School 3. various of pedestrians in Spain 4. SOUNDBITE 2 (Spanish): JAVIER DIAZ-GIMENEZ, Professor of Economics at IESE Business School 5. various of pedestrian in Spain 6. various of shopping malls in Frankfurt, Germany 7. SOUNDBITE 3 (Spanish): JAVIER DIAZ-GIMENEZ, Professor of Economics at IESE Business School 8. various of shopping malls in Frankfurt, Germany 9. SOUNDBITE 4 (Spanish): JAVIER DIAZ-GIMENEZ, Professor of Economics at IESE Business School STORYLINE: Eurozone inflation dipped in July to 5.3 percent, the lowest level registered since February 2022, data published by the EU's official statistics agency showed Monday. The drop of Eurozone inflation to pre-Ukraine crisis level is "good news," a S

Spanish economist on latest heavy drop in inflation

STORY: Spanish economist on latest heavy drop in inflation DATELINE: June 13, 2023 LENGTH: 0:00:51 LOCATION: BARCELONA, Spain CATEGORY: ECONOMY SHOTLIST: 1. SOUNDBITE 1-3 (Catalan): MONTSERRAT GUILLEN, Professor of Economics at Barcelona University STORYLINE: The most recent figures from Spain's National Institute of Statistics showed that Spain's inflation fell to 3.2 percent in May from 4.1 percent in April, the lowest for two years. "Right now there's a lot of uncertainty but we have come to accept this uncertainty as natural," Montserrat Guillen, professor of economics at Barcelona University, made the remarks during an interview with Xinhua. SOUNDBITE 1 (Catalan): MONTSERRAT GUILLEN, Professor of economics at Barcelona University "Right now there's a lot of uncertainty but we have come to accept this uncertainty as natural. The Ukraine conflict no longer surprises anyone. In society, there's a feeling that we're in a crisis but because we know about it, it's an uncertainty that we have come to accep

UK expected to avoid recession in 2023: chancellor

STORY: UK expected to avoid recession in 2023: chancellor DATELINE: March 16, 2023 LENGTH: 00:03:35 LOCATION: London CATEGORY: ECONOMY SHOTLIST: 1. STANDUP (English): ZHAO XIUZHI, Xinhua correspondent 2. various of streets in London 3. SOUNDBITE 1 (English): JEREMY HUNT, Chancellor of the Exchequer 4. SOUNDBITE 2 (English): STEVE NOLAN, Lecturer in Economics at Liverpool Business School STORYLINE: STANDUP (English): ZHAO XIUZHI, Xinhua correspondent "The UK government on Wednesday unveiled its Spring Budget, trying to speed up its struggling economy. New policies include childcare reforms, tax cuts for businesses, and measures to ease the cost-of-living burden for households." The United Kingdom (UK) will avoid a technical recession this year and the inflation will fall to 2.9 percent by the end of 2023, Chancellor of the Exchequer Jeremy Hunt said on Wednesday. SOUNDBITE 1 (English): JEREMY HUNT, Chancellor of the Exchequer "Today the Office for Budget Responsibility (OBR) forecast that because of chang

Spotlight on "two sessions": Maintaining low inflation

STORY: Spotlight on "two sessions": Maintaining low inflation DATELINE: March 11, 2023 LENGTH: 00:03:25 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of "two sessions" 2. various of China 3. STANDUP 1 (English): HUANG AIPING, Xinhua correspondent 4. SOUNDBITE 1 (Chinese): TIAN XUAN, NPC Deputy, Vice-president of Tsinghua University PBC School of Finance 5. various of China 6. SOUNDBITE 2 (English): SELCUK COLAKOGLU, Director of the Ankara-based Turkish Center for Asia-Pacific Studies 7. SOUNDBITE 3 (English): FAHEEM SARDAR, Senior Policy Specialist at Strategic Policy Planning Cell, National Security Division of Prime Minister's Office of Government of Pakistan 8. SOUNDBITE 4 (English): CHARLES ONUNAIJU, Director, center for China studies, Nigeria 9. STANDUP 2 (English): HUANG AIPING, Xinhua correspondent 10. various of China 11. SOUNDBITE 5 (English): X.N. IRAKI, Professor of Economics at the University of Nairobi 12. SOUNDBITE 6 (English): HUDA AL-MALLAH, Director of the International Center for

Spanish gov't seeks "optimal strategy" to curb food price rises: economist

STORY: Spanish gov't seeks "optimal strategy" to curb food price rises: economist DATELINE: Dec. 30, 2022 LENGTH: 0:02:07 LOCATION: BARCELONA, Spain CATEGORY: ECONOMY SHOTLIST: 1. various of Spanish Prime Minister Pedro Sanchez at a press conference 2. SOUNDBITE 1 (Spanish): MONTSERRAT GUILLEN, Professor of Economics at Barcelona University 3. various of Barcelona streets 4. SOUNDBITE 2 (Spanish): MONTSERRAT GUILLEN, Professor of Economics at Barcelona University 5. various of Barcelona streets 6. SOUNDBITE 3 (Spanish): MONTSERRAT GUILLEN, Professor of Economics at Barcelona University STORYLINE: The latest announcement of the Spanish government on a 10-billion-euro anti-inflation measure shows that the government is seeking "the optimal strategy" to curb food price rises, a Spanish expert said. SOUNDBITE 1 (Spanish): MONTSERRAT GUILLEN, Professor of Economics at Barcelona University "They are looking for the optimal strategy so that the price rises do not have repercussions on the salaries of public work

High European inflation symptom of deeper economic shift: economist

STORY: High European inflation symptom of deeper economic shift: economist DATELINE: Dec. 7, 2022 LENGTH: 00:02:36 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. SOUNDBITE 1 (English): Carlo Altomonte, Professor of political economics at Bocconi University in Milan 2. various of the factory 3. various of supermarket 4. various of good in shop STORYLINE: An Italian economist has said that record rates of inflation that have hit European Union (EU) member states this year are a symptom of a wider economic paradigm shift. Inflation in the 19-nation eurozone was 10 percent in November, following a record-high of 10.6 percent the month before, and the highest year-on-year price increases since the creation of the euro currency have all taken place in the last nine months. Carlo Altomonte, professor of political economics at Bocconi University in Milan, said the record price increases are part of a broad economic shift for European countries. This shift is even more extreme than that of the 2008-2009 fina

Ethiopian households bear brunt of rising inflation

STORY: Ethiopian households bear brunt of rising inflation DATELINE: Nov. 29, 2022 LENGTH: 00:02:43 LOCATION: Addis Ababa CATEGORY: ECONOMY SHOTLIST: 1. various of streets and markets in Addis Ababa 2. SOUNDBITE 1 (Amharic): TEMECHEW AKLILU, Addis Ababa resident 3. various of streets in Addis Ababa 4. SOUNDBITE 2 (Amharic): SAMUEL GEBREMARIAM, Addis Ababa resident 5. various of streets in Addis Ababa 6. SOUNDBITE 3 (English): ADEM FETO, Researcher at Ethiopian Economics Association STORYLINE: Some residents in Ethiopia's capital Addis Ababa are undergoing economic hardship due to the rising prices of basic commodities, especially food items. Temechew Aklilu said the purchasing power of his limited monthly income has turned out to be very weak to cope with increasing prices of commodities on a daily basis. SOUNDBITE 1 (Amharic): TEMECHEW AKLILU, Addis Ababa resident "With regard to the high cost of living, it is unspeakable considering the rising inflation. I can not afford foods that are vital to my fami

Spain's food banks in difficult situation: expert

STORY: Spain's food banks in difficult situation: expert DATELINE: Nov. 26, 2022 LENGTH: 00:01:39 LOCATION: Madrid CATEGORY: ECONOMY SHOTLIST: 1. various of people at food bank in Madrid 2. SOUNDBITE 1 (Spanish): JUAN IGNACIO CACERES, Professor of Economics, CEU San Pablo University 3. various of food bank and supermarket 4. SOUNDBITE 2 (Spanish): JUAN IGNACIO CACERES, Professor of Economics, CEU San Pablo University STORYLINE: Juan Ignacio Caceres, Professor of Economics at CEU San Pablo, said that inflation in Spain is causing many families to turn to help centers to make ends meet, and that is putting food banks in an extremely difficult situation. SOUNDBITE 1 (Spanish): JUAN IGNACIO CACERES, Professor of Economics, CEU San Pablo University "What is worrying is that what has risen the most in recent times has been the prices of basic products such as fruits, vegetables, legumes, milk, clothing and footwear, products that families cannot stop buying." According to the latest data from the National Stat

GLOBALink | Thai economist frets over Fed rate hikes' spillover effect on developing economies

STORY: Thai economist frets over Fed rate hikes' spillover effect on developing economies DATELINE: Oct. 4, 2022 LENGTH: 0:02:00 LOCATION: Bangkok CATEGORY: POLITICS/ECONOMY SHOTLIST: 1. SOUNDBITE (English): KIRIDA BHAOPICHITR, Research director for int'l economics and development policy, Thailand Development Research Institute STORYLINE: Since March, the U.S. Federal Reserve has lifted interest rates five times, boosting the U.S. central bank's benchmark interest rate to a range of 3-3.25 percent. In its fight against domestic inflation, the United States has once again used the U.S. dollar's overwhelming might to transfer the crisis to the rest of the world. A Thai economist warns that developing countries and emerging markets will bear the brunt in particular. SOUNDBITE (English): KIRIDA BHAOPICHITR, Research director for int'l economics and development policy, Thailand Development Research Institute "When the U.S. starts hiking their policy rate or the Fed funds rate as aggressively as they did, i

Kenyan president calls for measures to curb high inflation

STORY: Kenyan president calls for measures to curb high inflation DATELINE: Sept. 29, 2022 LENGTH: 0:02:07 LOCATION: Nairobi CATEGORY: ECONOMICS SHOTLIST: 1. various of street shots in Nairobi 2. various of Kenya president at press conference 3. various of Telcos and banks executives 4. SOUNDBITE 1 (English) WILLIAM RUTO, Kenya's President 5. various of street shots 6. SOUNDBITE 2 (English) PATRICK NJOROGE, Central bank governor, Kenya 7. various of street shots STORYLINE: Kenya's President William Ruto on Wednesday asked financial institutions to come up with a credit model that will allow small businesses to access affordable loans to cushion them from the harsh effects of high inflation. During a meeting with financial institutions, Ruto said lowering the cost of credit is part of multiple interventions to lower the cost of living. SOUNDBITE 1(English): WILLIAM RUTO, Kenya's President "I'm very confident that if we give shiku (common Kenyan) and her team and many of them in Kenya the opportunity to bo

U.S. Fed's rate hikes lead to currency devaluation, inflation worldwide

STORY: U.S. Fed's rate hikes lead to currency devaluation, inflation worldwide DATELINE: Sept. 23, 2022 LENGTH: 00:02:06 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of the U.S. Federal Reserve and U.S. dollar related footage 2. SOUNDBITE 1 (English): JAMES MORRISON, Associate professor, London School of Economics and Political Science 3. SOUNDBITE 2 (English): MIR MOHAMMAD ALI KHAN, Former investment banker at Wall Street 4. SOUNDBITE 3 (Turkish): MURAT TUFAN, Analyst with Turkish broadcaster Ekoturk STORYLINE: The U.S. Federal Reserve on Wednesday enacted the third consecutive three-quarter-point rate hike as it continued to ramp up its fight against surging inflation. Experts have warned of various negative impacts of the rate hikes on the global economy, including currency devaluation and high inflation. SOUNDBITE 1 (English): JAMES MORRISON, Associate professor, London School of Economics and Political Science "Will there be negative effects in the global economy by these rises in intere

Scholars warn negative effects of U.S. interest rate hikes on global economy

STORY: Scholars warn negative effects of U.S. interest rate hikes on global economy DATELINE: Sept. 22, 2022 LENGTH: 0:01:24 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of the U.S. 2. SOUNDBITE 1 (English): JAMES MORRISON, Associate professor, London School of Economics and Political Science 3. SOUNDBITE 2 (Turkish): ENVER ERKAN, Chief economist at Istanbul's Tera Securities 4. various of Türkiye 5. SOUNDBITE 3 (Turkish): KAYA ARDIC, Scholar, Piri Reis University, Türkiye STORYLINE: The U.S. Federal Reserve on Wednesday enacted the third consecutive three-quarter-point rate hike, as it continues to ramp up its fight against surging inflation. The Federal Open Market Committee (FOMC), the Fed's policy-setting body, decided to raise the target range for the federal funds rate to 3 to 3.25 percent. The Fed's latest action came after it raised the benchmark interest rate by three-quarters of a point (75 basis points) at both its June and July meetings, marking the boldest move in d

Interest rate rise in Eurozone "the first of more to come": Spanish economist

STORY: Interest rate rise in Eurozone "the first of more to come": Spanish economist DATELINE: Sept. 20, 2022 LENGTH: 00:01:31 LOCATION: Madrid CATEGORY: ECONOMY SHOTLIST: 1. various of Europe countries 2. SOUNDBITE (Catalan): MONTSERRAT GUILLEN, Professor of Economics at Barcelona University STORYLINE: The European Central Bank (ECB) abandoned its customary caution last week and raised interest rates by 75 basis points. With inflation in the euro area reaching a record rate of 9.1 percent in August, the boldness of the ECB's record interest rate rise caused concerns. However, some experts say that this might be the first of more to come. SOUNDBITE (Catalan): MONTSERRAT GUILLEN, Professor of Economics at Barcelona University "It was no surprise at all that the European Central Bank raised interest rates and it will raise interest rates again in the future. There is even talk of reaching a rate of three or four percent." Inflation in the euro area has been hovering at alarmingly high levels for a length

American public pays high price for rising inflation

STORY: American public pays high price for rising inflation DATELINE: Sept. 15, 2022 LENGTH: 00:03:33 LOCATION: CHICAGO, U.S. CATEGORY: SOCIETY/ECONOMY SHOTLIST: 1. SOUNDBITE 1 (English): STEVEN ALEKNA, Grocery store worker in Chicago 2. SOUNDBITE 2 (English): CASE WENER, Support engineer in Chicago 3. SOUNDBITE 3 (English): DANIEL MCGUE, Part-time student in Chicago 4. SOUNDBITE 4 (English): KHAIRY TOURK, Professor of economics at Illinois Institute of Technology in Chicago 5. SOUNDBITE 5 (English): KHAIRY TOURK, Professor of economics at Illinois Institute of Technology in Chicago 6. SOUNDBITE 6 (English): KHAIRY TOURK, Professor of economics at Illinois Institute of Technology in Chicago STORYLINE: Many Americans are feeling the squeeze from rising costs of living. SOUNDBITE 1 (English): STEVEN ALEKNA, Grocery store worker in Chicago "The required everyday essentials, your grocery items, the cost of dairy, meat, proteins, have gone up anywhere from 15 percent, 18 percent up to over 30 percent or 40 per

Economists say U.S. interest rate hikes to cloud outlook for emerging markets

STORY: Economists say U.S. interest rate hikes to cloud outlook for emerging markets DATELINE: July 28, 2022 LENGTH: 0:02:02 LOCATION: Washington, D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of the U.S. Federal Reserve 2. SOUNDBITE (Spanish): MARIO CORREA, Mexican economist 3. SOUNDBITE (English): KIRIDA BHAOPICHITR, Research director for int'l economics and development policy, Thailand Development Research Institute STORYLINE: The U.S. Federal Reserve on Wednesday raised its benchmark interest rate by 75 basis points, the second in a row of that magnitude, as elevated inflation showed no clear sign of easing. The Federal Open Market Committee, the Fed's policy-making body, decided to raise the target range for the federal funds rate to 2.25 to 2.5 percent and "anticipates that ongoing increases in the target range will be appropriate." However, many economists around the world have voiced the concern that the U.S. interest rate hikes will cloud the outlook for emerging markets and will put countries wit

Chilean economist warns of complex situation due to increasing inflation

STORY: Chilean economist warns of complex situation due to increasing inflation DATELINE: July 21, 2022 LENGTH: 00:02:08 LOCATION: Santiago CATEGORY: ECONOMY SHOTLIST: 1. various of street views and money exchanges in Santiago 2. SOUNDBITE 1 (Spanish): LISARDO GOMEZ, Director of Engineering School at International Business Department at University of Valparaiso in Chile 3. SOUNDBITE 2 (Spanish): LISARDO GOMEZ, Director of Engineering School at International Business Department at University of Valparaiso in Chile STORYLINE: A Chilean economist has warned of the complex situation facing the country as inflation is going high. SOUNDBITE 2 (Spanish): LISARDO GOMEZ, Director of Engineering School at International Business Department at University of Valparaiso in Chile "We have gone from moderate inflation levels to significant ones, and this means that we are in a complex situation in which the majority of the impact will be felt by the people". Due to the unstable international economics, in addition to lo

Turkey's economic woes amplified by Fed's rate hikes

STORY: Turkey's economic woes amplified by Fed's rate hikes DATELINE: June 25, 2022 LENGTH: 00:04:31 LOCATION: Ankara CATEGORY: ECONOMY/SOCIETY SHOTLIST: 1. STANDUP (English): BURAK AKINCI, Xinhua correspondent 2. various of people at shopping in Turkey (courtesy of Ihlas News Agency) 3. various of Turkish lira 4. various of Turkish President Recep Tayyip Erdogan 5. various of Turkish Finance and Treasury Minister Nureddin Nebati (courtesy of Ihlas News Agency) 6. various of US dollar 7. various of people at shopping in Turkey (courtesy of Ihlas News Agency) 8. SOUNDBITE 1 (Turkish): ENVER ERKAN, Chief economist at Istanbul's Tera Securities 9. SOUNDBITE 2 (Turkish): BAKI DEMIREL, Associate professor of economics at Yalova University STORYLINE: STANDUP (English): BURAK AKINCI, Xinhua correspondent "I'm Burak Akinci with Xinhua News Agency. I'm now in Turkey's capital city Ankara. The U.S. Federal Reserve's consecutive rate hikes to rein in rising inflation are to deal new blows to the struggling Turkish ec

Economists fear U.S. recession after historic rate hike

STORY: Economists fear U.S. recession after historic rate hike DATELINE: June 17, 2022 LENGTH: 00:02:09 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of U.S. Federal Reserve 2. various of the Wall Street 3. various of Nasdaq Market Site at Times Square 4. SOUNDBITE 1 (Spanish): JORGE MARCHINI, Professor of Economics at the University of Buenos Aires 5. SOUNDBITE 2 (English): MICHAEL HUDSON, Professor of Economics at the University of Missouri-Kansas City STORYLINE: The U.S. Federal Reserve has announced the biggest rate hike in 28 years, and some economists fear a recession lies ahead for the country. The Fed raised the target for the fed funds rate by three-quarters of a percentage point on Wednesday, in an effort to tamp down the worst inflation in 40 years. The rate increase was the biggest since 1994, and was implemented after data showed the central bank has failed in its efforts to fight inflation. Sam Bullard, senior economist at Wells Fargo, a major U.S. bank, said "we believe that a

U.S. Fed rolls out largest rate hike since 1994, weighing on global economy

STORY: U.S. Fed rolls out largest rate hike since 1994, weighing on global economy DATELINE: June 16, 2022 LENGTH: 00:02:11 LOCATION: Beijing CATEGORY: POLITICS/ECONOMY SHOTLIST: 1. exterior of U.S. Federal Reserve 2. various of New York Stock Exchange 3. SOUNDBITE 1 (English): MICHAEL HUDSON, Professor of economics at the University of Missouri-Kansas City 4. SOUNDBITE 2 (Spanish): JORGE MARCHINI, Professor of Economy, University of Buenos Aires 5. SOUNDBITE 3 (English): HSIA HUA SHENG, Associate professor of international finance with Getulio Vargas Foundation STORYLINE: The U.S. Federal Reserve on Wednesday raised its benchmark interest rate by 75 basis points, marking the sharpest rate hike since 1994, as reports in recent days indicated inflation showed no clear sign of easing. Experts say the biggest rate hike in 28 years will weigh on global economy and bankrupt third world countries. SOUNDBITE 1 (English): MICHAEL HUDSON, Professor of economics at the University of Missouri-Kansas City "Suppose y

U.S. interest rate hike severely harms economy in developing countries: experts

STORY: U.S. interest rate hike severely harms economy in developing countries: experts DATELINE: May 11, 2022 LENGTH: 00:02:33 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of street views in the U.S. 2. SOUNDBITE 1 (English): RONNIE LINS, Director of China-Brazil Center for Research and Business, Brazil 3. SOUNDBITE 2 (Spanish): JORGE MARCHINI, Professor of Economy, University of Buenos Aires, Argentina 4. SOUNDBITE 3 (Spanish): JORGE MARCHINI, Professor of Economy, University of Buenos Aires, Argentina 5. SOUNDBITE 4 (English): MICHAEL HUDSON, Professor of economics at the University of Missouri-Kansas City, U.S. STORYLINE: The U.S. Fed recently raised its benchmark interest rate by half a percentage point, in response to the highest inflation in the U.S. in 40 years. Experts say that the interest rate hike, the biggest in two decades, could benefit the U.S., but deal a blow to low-income countries and developing economies. SOUNDBITE 1 (English): RONNIE LINS, Director of China-Brazil Center

British Conservatives suffer losses in local elections amid "Partygate," inflation

STORY: British Conservatives suffer losses in local elections amid "Partygate," inflation DATELINE: May 7, 2022 LENGTH: 00:02:53 LOCATION: London CATEGORY: POLITICS SHOTLIST: 1. STANDUP (English): DU JUAN, Xinhua correspondent 2. SOUNDBITE 1 (English): EMMA, Local resident 3. SOUNDBITE 2 (English): Local Resident 4. SOUNDBITE 3 (English): OLIVER COOPER, Leader of Camden Conservatives 5. SOUNDBITE 4 (English): STUART WILKS-HEEG, Political Expert at the University of Liverpool 6. SOUNDBITE 5 (English): LAIN BEGG, Expert at the London School of Economics and Political Science STORYLINE: STANDUP (English): DU JUAN, Xinhua correspondent "British ruling Conservative Party has lost some traditional strongholds in local government elections. It is seen as a litmus test for the popularity of Prime Minister Boris Johnson amid the 'Partygate' scandal and surging inflation, but experts say no opposition parties have made sufficient gains to change the tide of British politics." The elections held on Thursday decided

Fed rate hikes, high inflation could bankrupt third world countries: U.S. economist

STORY: Fed rate hikes, high inflation could bankrupt third world countries: U.S. economist DATELINE: May 6, 2022 LENGTH: 00:02:32 LOCATION: NEW YORK, U.S. CATEGORY: ECONOMY SHOTLIST: 1. SOUNDBITE 1 (English): MICHAEL HUDSON, Professor of economics at the University of Missouri-Kansas City 2. various of New York STORYLINE: A renowned U.S. economist and author says the ongoing monetary tightening by the U.S. Federal Reserve, as well as increasing oil and food prices, could plunge third world countries into bankruptcy and push them to sell public assets to American investors. SOUNDBITE 1(English) MICHAEL HUDSON, Professor of economics at the University of Missouri-Kansas City: "Suppose you're an African or Latin American country, your balance of payments is going to run into deficit for higher oil prices, higher food prices, and much higher prices on your foreign debt. And now, the International Monetary Fund is going to say, well, we will lend you money, but if we lend you money, you'll have to sell off to

Indonesia braces for higher inflation, slowdown in economic recovery

STORY: Indonesia braces for higher inflation, slowdown in economic recovery DATELINE: April 14, 2022 LENGTH: 00:01:56 LOCATION: Jakarta CATEGORY: ECONOMY SHOTLIST: various of street view in IndonesiaSTANDUP (English): SUN LEI, Xinhua correspondent in Jakartavarious of petro stationsSOUNDBITE 1 (English): MOHAMMAD FAISAL, Executive director of Center of Reform on Economics IndonesiaSOUNDBITE 2 (English): MOHAMMAD FAISAL, Executive director of Center of Reform on Economics Indonesiavarious of oil STORYLINE: STANDUP (English): SUN LEI, Xinhua correspondent in Jakarta "The Indonesian government said the nation is preparing to face a spike in inflation in the coming months caused by high global commodity prices, which may lead to a slowdown in the post-pandemic economic recovery. The Indonesian finance minister said that the surge in global prices was believed to happen as an impact of the ongoing conflict between Russia and Ukraine. According to the country's statistics department, Indonesia's Consumer Price I

Mongolia's economic growth to stay muted for 2022: ADB

STORY: Mongolia's economic growth to stay muted for 2022: ADB DATELINE: April 6, 2022 LENGTH: 00:01:26 LOCATION: Ulan Bator CATEGORY: ECONOMY SHOTLIST: 1. various of street view in Mongolia 2. SOUNDBITE (Mongolian): SANDAGDORJ BOLD, Senior economics officer of ADB 3. various of street view in Mongolia STORYLINE: Mongolia's economic growth is expected to stay muted in 2022, constrained by high inflation, persistent trade disruptions, tighter external financing conditions and complex geopolitical risks in 2022, said an Asian Development Bank (ADB) report released on Wednesday. The Asian country's economic growth is projected to expand 2.3 percent in 2022 before climbing to 5.6 percent in 2023, supported by domestic demand, investment, and recovery in industry, agriculture and services, the ADB said in its flagship annual economic report, Asian Development Outlook 2022. SOUNDBITE (Mongolian): SANDAGDORJ BOLD, Senior economics officer of ADB "Previously, the ADB forecast that Mongolia's economy would grow