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Transcripts For BBCNEWS Asia Business Report 20240706

high inflation continues to plague countries around the world. central bankers are trying slow down the price increases. asa as a result, we have some of the weakest growth projections by the international monetary fund since the 1990s. international monetary fund since the 19905. with the international monetary fund since the 1990s. with the world s finance ministers and central bankers 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. earlier, i spoke tojohn lipski, chair of the national bureau of economic research, also in washington for those meetings. he told the cost of liv

Transcripts for BBCNEWS Asia Business Report 20240604 00:33:00

inflation, given the upheaval we ve seen in financial markets with regards to this? seen in financial markets with regards to this? certainly that is a second theme, regards to this? certainly that is a second theme, along regards to this? certainly that is a second theme, along with - regards to this? certainly that is a second theme, along with the - regards to this? certainly that is a - second theme, along with the outlook for the key economies the issue of financial stability. and obviously that s of key importance to the federal reserve and other central banks. right now, we re in a situation in which it s clear that economic growth is slowing in the key economies, it s clear that inflation is starting to wane how much more is going to be needed by central bank action and whether that creates a risk of financial stability will be one of the central debating points here in washington. i don t think there can be conclusions drawn, but this will be a hot topic. conclusions

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