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Good morning from the Financial Times.

Today is Tuesday, January 31, and this is your FT News Briefing.

Renault and Nissan have reached a deal to save their alliance.

The International Monetary Fund says most countries will avoid a recession this year

and Washington has taken another step to prevent U.S. companies from dealing with Huawei.

Plus in South Africa, rolling blackouts are just a part of life.

We'll look at what's been going on with the country's dysfunctional state energy monopoly.

I'm Mark Filipino and here's the news you need to start your day.

The International Monetary Fund came out with an optimistic forecast for 2023.

It says most countries will avoid a recession and the IMF expects the global economy to grow 3.2%

between the final quarter of last year and the final quarter of this year.

It's an upgrade from its last forecast.

The FT's Colby Smith says a big factor is China's decision to scrap its restrictive

zero-COVID policies.

And what the IMF expects that to lead to is a pretty sharp rebound in growth there,

which is just going to mean that the economy and global growth more broadly is just going to be

a little bit more resilient in the face of significantly hiring foreign costs.

And at the same time across Europe, one of the big concerns was that the energy crisis there

linked to the war in Ukraine was going to be quite severe.

But we've had a more mild winter and that's just meant that the situation hasn't really been

...