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Added on the 06/10/2022 16:57:01 - Copyright : AFPTV - First images
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
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
IMF chief Kristalina Georgieva warns that "global growth will turn sharply negative in 2020," with 170 of the International Monetary Fund's 180 members experiencing a decline in per capita income, due to the global coronavirus pandemic. SOUNDBITE
World finance leaders meeting in Washington pledge to take steps to ensure greater fairness in global trade, while warning a US rate hike could disrupt capital flows. David Pollard reports.
UN Secretary-General Antonio Guterres on Thursday paints a dark picture of the situation in the Middle East, warning that spiraling tensions over the war in Gaza and Iran's attack on Israel could devolve into a "full-scale regional conflict." SOUNDBITE
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