[Bug]: 'React' has no exported member named 'ReactElement'

[iabu94]

Describe the bug

I am getting this error while initialize and run the storybook. If I remove React. from the index.d.ts it works fine.

To Reproduce

System

System:
    OS: Windows 10 10.0.22621
    CPU: (16) x64 13th Gen Intel(R) Core(TM) i7-1360P
  Binaries:
    Node: 18.17.0 - C:\Program Files\nodejs\node.EXE
    npm: 9.8.1 - C:\Program Files\nodejs\npm.CMD
  Browsers:
    Edge: Spartan (44.22621.2134.0), Chromium (116.0.1938.54)
  npmPackages:
    @storybook/addon-docs: ^7.3.2 => 7.3.2 
    @storybook/addon-essentials: ^7.3.2 => 7.3.2 
    @storybook/addon-interactions: ^7.3.2 => 7.3.2 
    @storybook/addon-links: ^7.3.2 => 7.3.2 
    @storybook/angular: ^7.3.2 => 7.3.2 
    @storybook/blocks: ^7.3.2 => 7.3.2 
    @storybook/testing-library: ^0.2.0 => 0.2.0 
  npmGlobalPackages:
    @storybook/cli: 7.3.2

Additional context

Using the angular version 16.0.1