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Added on the 17/03/2022 13:18:18 - Copyright : France 24 EN
During the concluding G20 Finance ministers' press conference in Bangaluru, the secretary in charge of the Indian Department of Economic affairs, Ajay Seth, says that "all 18 countries felt that the war has got implications on the global economy" and needed to be mentioned. Only China and Russia did not want to sign up to the wording on Ukraine. G20 host India has also refused to condemn Russia, which is New Delhi's biggest arms supplier and has become a major source of oil for India since the invasion. SOUNDBITE
The impact of the war in Ukraine is spreading worldwide, causing the IMF to sharply downgrade its 2022 global growth forecast to 3.6 percent, IMF chief economist Pierre-Olivier Gourinchas says as he presents the latest World Economic Outlook. SOUNDBITE
EU foreign policy chief Josep Borrell warns Moscow not to use the alleged drone attack that it said targeted the Kremlin to escalate its war in Ukraine. "We call on Russia not to use this alleged attack as an excuse to continue the escalation of the war," Borrell tells journalists in Brussels as he attends an EU ministers meeting. SOUNDBITE
European Council President Charles Michel warns that the coming weeks could decide the course of Russia's invasion of Ukraine. He makes the statement following a meeting between European leaders and Ukrainian President Volodymyr Zelensky. "The next few weeks and months will probably be decisive. This is not the time to tremble, this is the time to be lucid and this is the time to deploy maximum support," Michel says. SOUNDBITE
A perfect storm of doom has been pummeling the global economy in recent months, undermining global growth expectations, but the IMF warns the worst-case scenario is plausible, which would cut growth to one of the lowest levels in the past five decades. SOUNDBITE
The EU's foreign policy chief Joseph Borrell says Russia's blockade of Ukrainian ports is "an issue of life and death" as it threatens grain supplies to tens of thousands of people vulnerable to starvation. SOUNDBITE
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