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Added on the 23/03/2018 07:15:06 - Copyright : Wochit
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
UN chief Antonio Guterres warns that he fears the likelihood of further escalation in the Russia-Ukraine conflict means the world is heading towards a "wider war." "The prospects for peace keep diminishing. The chances of further escalation and bloodshed keep growing," he added as explained his 2023 priorities plan to the UN General Assembly. SOUNDBITE
The World Trade Organization on Wednesday dramatically lowered its global trade forecast for 2023, as Russia's war in Ukraine and other shocks take their toll on the world economy. 'Today the global economy faces multi-prong crises. Monetary tightening is weighing on growth across much of the world,' WTO Director-General Ngozi Okonjo-Iweala told reporters in Geneva. 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
US Secretary of State Antony Blinken and Russian Foreign Minister Sergei Lavrov meet in Geneva in an urgent bid for a solution over Ukraine, with the United States increasingly worried that Russia will invade despite warnings of severe reprisals. IMAGES
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