IMF: Global economic storm just beginning
The IMF has downgraded global growth from 3.2 per cent in 2022 to 2.7 per cent next year. That's the lowest for the year ahead that since 2001.
Sam Fenwick is joined by Shuli Ren, a journalist with Bloomberg in Hong Kong and Mitchell Hartman, a Senior Reporter for US radio show, Marketplace in Portland, Oregon.
The International Monetary Fund has warned that, for many people, next year will feel like a recession. Daniel Leigh heads the World Economic Studies division in the funds Research Department at the IMF. He explains how the war in Ukraine and rising prices worldwide are making an impact.
Chinese carmakers are heading into Europe to showcase their latest models. The move comes after years of just supplying models to a domestic market in China. Professor Peter Wells, Director of the Centre for Automotive Industry Research at Cardiff University explains why they're doing this.
(Picture: The graph representing the Stock is seen on a TV screen at the New York Stock Exchange (NYSE) on August 14, 2019 in New York City. Picture Credit: Getty Images).
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Business Matters
Global business and finance news and discussion from the Βι¶ΉΤΌΕΔ
