Will the cost-of-living crisis get worse or better during 2024?

Will the cost-of-living crisis get worse or better during 2024? That’s the question CGTN asked guests at the World Economic Forum.   #Davos2024 #wef

Transcript

00:00 We have had a number of countries defaulting on their debt.

00:03 They are in a financial sense in free fall right now.

00:07 We have a world that is in danger of diverging again.

00:10 Inflation is easy and people are projecting that we are likely to see some rate cuts.

00:19 Living standards, we see them improving because we are creating more jobs.

00:26 But food prices are still continuing to rise.

00:29 Fuel prices are beginning to ease.

00:32 So there are positive and negatives.

00:35 This is what we target to be the main source of improving people's livelihoods

00:40 because certain prices will not just go down.

00:43 There are many countries in our spend more on paying interest on their loans

00:47 than on their health sector or education sector.

00:50 This is a recipe for real reversals in development progress.