series of spring meetings with the world bank in washington this week stop it is also downgraded its overgrowth forecast for this year and exciting weaker performances in some leijer economies. our business reporter has been looking into this story for us and joins us now. always go to get you on the show. you have been sifting through the report, what are the projections?- report, what are the projections? they are predicting projections? they are predicting that - projections? they are i predicting that economic projections? they are predicting that economic growth this year maybe to next year 3%, that is a downgrade on what they had said injanuary about one tenth of a percentage point, in the medium term they have given the weakest forecast in more than 30 years. they say there is potentially a perilous combination of factors and that those far as could lead to economic crisis and they are calling there for for central bank around the world to keep tight monetary polic
here? there was one optimistic, janet yellen, us treasury - janet yellen, us treasury secretary, she says she feels reasonably bright and she wouldn t overdo the negativism she pointed, for example, to the us economy and said it has shown some strong resiliency particular when it comes to the labour market and recent figures when it comes to employment, as well as supply chain resiliency and finally energy prices committees of the us as amended by the high energy prices we have seen potentially for example in europe. she also pointed to the banking reforms that have occurred after the global financial crisis, she said, for example, that the banking system is very strong and as a result of the weaknesses i mentioned when it came to svb bank and credit suisse, they are not such problems. she said we do need to continue to be vigilant particularly as well when it comes to the banking system and the future when it comes to ukraine. system and the future when it comes to ukraine. katie sil