international monetary fund and world bank have warned the global economy faces lower growth this year and next, after the recent global inflationary shock caused by russia s war in ukraine and the ongoing covid pandemic. the world bank cut its forecast for global economic growth this year by almost a percent to 3.2%, warning that high inflation would hit billions of people in the pocket. the imf believes rising global debt could lead to lower growth in developed countries by 0.9% over the next three years. the fund believes higher interest rates are likely to hit developing countries the worst. joining me now is pauljackson, who s the global head of asset allocation research at invesco. what do you expect to be the priorities in the imf/world bank spring meetings? i would imagine it is getting support to the poorer countries that will suffer from the rising inflation and perhaps offering more support to the countries that are immediately around russia, ukraine and belarus, b
the us central bank announces the biggest rise in us interest rates in nearly 30 years, to combat surging inflation. and, spain, southern france, and parts of italy swelter through an extreme heatwave. authorities are warning of water shortages. welcome to our viewers on pbs in america and around the globe. new us aid for ukraine, worth a billion dollars, has been announced by president biden. it includes additional artillery and coastal defence weapons, as well as ammunition for artillery and advanced rocket systems. new pledges came from nato members who met in brussels. the us defence secretary said he will move heaven and earth to ensure ukraine gets the weapons it needs to combat russia s invasion. here s a little of what lloyd austin had to say. we can t afford to let up, and we can t lose steam. the stakes are too high. ukraine is facing a pivotal moment on the battlefield. and we re seeing what president zelensky warned us about. after failing to take kyiv and reasses
they are not eating well. the us central bank announces the biggest rise in us interest rates in nearly 30 years to combat surging inflation. and spain, southern france, and parts of italy swelter through an extreme heatwave. authorities are warning of water shortages. hello and welcome to the programmable to have you with us. new us aid for ukraine worth a billion dollars has been announced by president biden. it includes additional artillery and coastal defence weapons, as well as ammunition for artillery and advanced rocket systems. new pledges came from nato members who met in brussels, the us defence secretary said he will move heaven and earth to ensure ukraine gets the weapons it needs to combat russia s invasion. here s a little of what lloyd austin had to say. we can t afford to let up, and we can t lose steam. the stakes are too high. ukraine is facing a pivotal moment on the battlefield. and we re seeing what president zelensky warned us about. after failing to tak
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