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Added on the 05/05/2022 16:11:44 - Copyright : France 24 EN
The world's economic outlook is "much more pessimistic" as a result of the war in Ukraine, warns Secretary-General Mathias Cormann, as the OECD slashes its 2022 growth forecast and projects higher inflation. SOUNDBITE
The OECD warned Wednesday that the world economy will pay a "hefty price" for Russia's invasion of Ukraine as it slashed its 2022 growth forecast and projected higher inflation. The Paris-based organisation, which represents 38 mostly developed countries, is the latest institution to predict lower GDP growth due to the conflict, which has sent food and energy prices soaring.
Skyrocketing energy and food prices driven by Russia's invasion of Ukraine risk sending the global economy into a recession, according to the president of the World Bank. We take a look at how economic growth has already slowed in Germany. Also, stock markets try to break out of bear market territory. Finally, US pop star Justin Timberlake sells his song catalogue for $100 million.
The World Bank said on May 18 it will make $30 billion available to help stem a food security crisis threatened by Russia's war in Ukraine, which has cut off most grain exports from the two countries.
The fallout from the war in Ukraine is "will put additional upward pressure on near-term inflation here at home," Federal Reserve Chair Jerome Powell says in a press conference following a two-day Monetary Policy Committee meeting. SOUNDBITE
Plus de 2.000 personnes ont participé dimanche à une marche blanche pour exprimer leur "solidarité" aux victimes de l'incendie meurtrier qui a dévasté le 14 février trois immeubles à Saint-Laurent-de-la-Salanque, près de Perpignan, tuant huit personnes.
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