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Added on the 13/10/2022 15:05:07 - Copyright : AFPTV - First images
IMF chief Kristalina Georgieva warns the global recession risks are rising and urges policy action "to regroup and to rethink how can we adopt a more proactive precautionary mindset that we had in the past." SOUNDBITE
The world is facing its worst food crisis in history. Millions of tonnes of wheat are stuck in Ukraine, worsening an already precarious situation for many countries that depend on exports from the region. IMF Managing Director Kristalina Georgieva tells FRANCE 24 Business Editor Kate Moody that only "very strong international mobilisation" will save the lives of millions of people. Also in our update from Davos: EU member states move towards an embargo on Russian oil, but with no consensus on the timeline.
Britain's tepid growth can improve along with other advanced economies should a positive trade deal over Brexit be agreed with the European Union, IMF chief Christine Lagarde says, but refutes suggestions that the IMF's forecasts were "too gloomy", saying the predicted 1.6% growth this year is a "bit of a disappointment".
Nurses and ambulances staff stepped up their demands for better pay Monday to combat the UK's cost of living crisis with their biggest round of health service strikes. British Prime Minister Rishi Sunak has called for pay rises to be "reasonable" and affordable", warning that big pay awards will jeopardise attempts to tame inflation. FRANCE 24's Chief Foreign Editor Robert Parsons tells us more.
The head of the IMF warns that Western subsidies to combat climate change and encourage the transition to clean energy sources risk hitting developing and emerging markets. "My biggest concern is that something that in principle is very good to accelerate the transition to the green economy by using public money to step up private investment... may not serve well the emerging markets and the developing world," Kristalina Georgieva says at the World Economic Forum in Davos. SOUNDBITE
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