This is GPS, the Global Public Square.

Welcome to all of you in the United States and around the world.

I'm Farid Zakarya, coming to you from New York.

Today on the program, we will bring you the latest on that suspected Chinese spy balloon.

Then, we'll move to the economy.

But for a change, it might not be bad news.

There are some very good news about the American economy.

The IMF's new global outlook is less gloomy than it was just a few months ago.

Then the Fed said it wasn't ready to declare victory on inflation yet,

but signaled optimism that inflation is cool.

I ask former Treasury Secretary Larry Summers if he agrees.

Also, Crimea.

Many powerful people have suggested Ukraine should be prepared to officially

see the peninsula to Russia as part of peace negotiations.

But I'll talk to General Ben Hodges who says no.

Kiev can and should take Crimea back.

But first, here's my take.

This week marked the third anniversary of Brexit,

and it coincided with a grim verdict from the IMF.

This year, the British economy will do worse than all of the world's major economies,

including Russia.

The 2016 vote to leave the European Union marked the symbolic start of the wave of populism

...