a third of the world will be in recession this year. a very warm welcome to the programme. the ukrainian army says hundreds of russian soldiers were killed in a school being used as a base in the eastern region of donetsk on new year s eve. the facility was hit by ukraine, using rocket supplied by the united states, it is claimed. hugo is in kyiv with the latest. the mayor said one person was wounded when debris fell from a drone intercepted by the country s and events pulses. it was the second night in the bro a rowdy air raid alert sounded. they are angry, tired of these attacks. he had has been frequently targeted in recent days. power supplies had been disrupted. we heard from the army earlier today saying all 39 trains were shot down. those iranians made trans russia has been using to attack this country. again he had coming under attack as russia continues with this strategy, attacking cities and towns across the country away from the front lines. we have had the uk
director explained why much of the rest of the world would suffer as well. when we look at the emerging markets and developing economies, there the picture is even more dire. why? because on top of everything else, they get hit by high interest rates and by the appreciation of the dollar. for those economies that have high levels of debt, this is a devastation. here s our business presenter tadhg enright with an explanation of the challenge for developing countries in particular. however h owever ba d however bad last year felt because of those rising energy bills, the overarching message from the imf is that the year ahead will be even worse. yes, it faces us all, but while bigger and more developed economies are better able to weather this storm, in emerging, developing economies, which are more volatile and less stable, they are having different consequences from the high