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Added on the 19/02/2015 14:49:23 - Copyright : Reuters EN
"Global growth in 2020 will dip below its last year's levels," says International Monetary Fund chief Kristalina Georgieva, "but how far it will fall and how long the impact will be, is still difficult to predict." Georgieva was speaking after all 189 members of the IMF said they were united in addressing the challenges posed by COVID-19. SOUNDBITE
Euro zone business activity expanded at its weakest rate since the start of 2015 this month as growth paths diverged. But on the plus side, there was an unexpected surge from France. David Pollard reports.
China's been reassuring the world it can handle a slowdown in its economy but doubts remain. As Sonia Legg reports, the worry about the slowdown is causing almost as much harm as the slowdown itself.
Manufacturing activity deteriorated across much of Asia in November, while European factories struggled to gather momentum. The data comes as markets brace for an expected imminent rise in U.S. interest rates that could jolt the global economy. David Pollard reports.
Britain will gradually boost its defence spending to 2.5 percent of GDP by 2030, Prime Minister Rishi Sunak announces during a visit to Poland. "Over the next six years, we'll invest an additional 75 billion pounds in our defence," Sunak says alongside Jens Stoltenberg, NATO chief. SOUNDBITE
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