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Added on the 19/01/2016 18:30:40 - Copyright : Reuters EN
The World Economic Forum's annual meeting is in full swing, with journalists and participants alike descending on the glitzy Swiss alpine ski resort of Davos for the yearly gathering of global elites. IMAGES
Gita Gopinath, IMF chief economist, says the World Economic Outlook cut the global GDP forecast for this year to 3.5 percent from the 3.7 percent projected in October. And for 2020 the estimate was trimmed to 3.6 percent. SOUNDBITE of Gita Gopinath at the World Economic Forum in Davos
A small bounce in European shares and tentative stabilization in oil prices helped calm investors on Thursday, after a torrid few days that has wiped trillions of dollars off global markets. Laura Frykberg reports.
World stocks fall for the fifth straight day as China fuels fears about its economy by allowing the yuan to weaken further. As Grace Pascoe reports a nuclear test by North Korea added to a growing list of geopolitical worries.
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