IMF says a third of the global economy will be in recession next year
The International Monetary Fund has warned that "the worst is yet to come" and next year may feel like a recession. It blames the war in Ukraine and rising prices worldwide.
The International Monetary Fund has warned that "the worst is yet to come" and next year may feel like a recession. It blames the war in Ukraine and rising prices worldwide. The Βι¶ΉΤΌΕΔ’s Business Correspondent Michelle Fleury joins us from the IMF in Washington DC.
Meanwhile, the dollar's strength is weakening the currencies of developing nations. It's worrying the World Bank because it's increasing their debt. We hear from Ayhan Kose, the bank’s Acting Vice President for Equitable Growth, Finance, and Institutions.
New research shows that in parts of Africa, social media is helping empower women by allowing them to find new careers and gain financial independence. Cab driver, Ayobami Lawal, tells us about her experience in Lagos, Nigeria.
(Picture: The International Monetary Fund (IMF) logo is displayed outside its headquarters in Washington, DC, on October 8, 2022. Picture Credit: Getty Images).
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- Tue 11 Oct 2022 21:32GMTΒι¶ΉΤΌΕΔ World Service Europe and the Middle East