Main content

US economy contracts unexpectedly

Economic activity in the US contracted unexpectedly in the first three months of 2022.

Economic activity in the US contracted unexpectedly in the first three months of 2022. The Harvard economist Professor Ken Rogoff tells us whether it signals a possible recession. Indonesia is the world's biggest producer of palm oil and it's a staple of cooking there but prices there have soared and that has led to street protests so the government has reacted by banning exports of palm oil so there's plenty for the domestic market. We hear from the Βι¶ΉΤΌΕΔ's Asia Editor, Rebecca Henscke. Also in the programme, a mass strike in Sri Lanka has forced the closure of many schools, shops and services. The Βι¶ΉΤΌΕΔ's Archana Shukla reports from Colombo. The United Nations Secretary General Antonio Guterres has been visiting Ukraine today. We catch up with Ukrainian businessman Oleg Chernyak, of CHI Software, to hear how he and his staff are doing, now that they have moved from Kharkiv in the east, to the relative safety of Lviv in the west. Plus, the Βι¶ΉΤΌΕΔ's Vivienne Nunis explores why sales of brooches have been soaring, and why they can be such a powerful accessory.

(Picture: A US vehicle production line. Picture credit: Getty Images.)

Available now

27 minutes

Last on

Thu 28 Apr 2022 21:32GMT

Broadcast

  • Thu 28 Apr 2022 21:32GMT