Bank spring meetings, which could lead that kicked off on monday in washington. Our North America correspondent is there and has a preview of those meetings. High inflation continues to plague countries around the world. Central bankers are raising Interest Rates to try and slow down those price increases. As a result however, we have some of the weakest Growth Projections by the International Monetary fund since the 1990s. With the Worlds Finance Ministers and central bankers all meeting in washington this week the increasingly fragile Global Economy will certainly be the focus along with ways for countries to try and mitigate some of the negative impacts of those Interest Rate rises. The high inflation however is already having an impact on poorer countries, pushing them further into financial distress, given the uncertain Global Economic outlook the imf believes many more countries will be looking to the imf for help. Reporting outside the world bank and imf building. For more we ca
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
its lowest level for nearly two years. consumer prices rose by 5% of the year to march, a far cry from the 9% it was that in june. but there are warnings of a possible recession in the pipeline. our business reporter is katie silver, she s been looking through the dater and joins me now on the programme. great to have you on the show. this looks pretty optimistic, doesn t it was back it s good news it isn t it? it’s doesn t it was back it s good news it isn t it? news it isn t it? it s good news it isn t it? it s good news but it news it isn t it? it s good news but it needs - news it isn t it? it s good news but it needs to - news it isn t it? it s good news but it needs to be i news but it needs to be analysed further and taken with analysed further and taken with a grain of salt. inflation is down and there are warnings every session but still we are hearing the fed may hike rates for the three things that don t normally go together. in terms of the inflation figure w
which could lead that kicked off on monday in washington. and north america correspondent is they are and has a preview of those meetings. high inflation continues to plague countries around the world. central bankers are raising interest rates to try and slow down those price increases. as a result however, we have some of the weakest growth projections by the international monetary fund since the 1990s. with the worlds finance ministers and central bankers all meeting in washington this week the increasingly fragile global economy will certainly be the focus along with ways for countries to try and mitigate some of the negative impacts of those interest rate rises. the high inflation however is already having an impact on poorer countries, pushing them further into financial distress, given the uncertain global economic outlook the imf believes many more countries will be looking to the imf for help. for more we can speak now to don lipski, he s a share of the national bure