Global recession warning as World Bank cuts economic forecast
The global economy is “perilously close to falling into recession”, according to the latest forecast from the World Bank. It expects the world economy to grow by just 1.7% this…
Economy
IMF warns of ‘darkening’ global economic outlook
The head of the International Monetary Fund has said it will downgrade its expectations for global economic growth this month. Its most recent forecast, issued in April, was for 3.6%…
War in Ukraine: Crisis is unleashing ‘hell on earth’ for food prices
The head of the World Food Programme, David Beasley, has warned the conflict in Ukraine could send global food prices soaring, with a catastrophic impact on the world’s poorest. Ukraine…