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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 russias 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, whos 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, because the
Bbc-newsAppleUkraineThe-world-bankPandemicBusiness-headlinesCrisisForecastViewersUkAround-the-worldBiteDowning street during lockdown. Hello and welcome. Ukraine says that Russian Forces have now embarked on the large scale offensive in the east of the country that has been anticipated for the past week. In a televised address, the ukrainian leader, volodymyr zelensky, said the battle for the donbas region had begun, nearly two months after president Vladimir Putin launched his invasion. Earlier, ukrainian officials said Russian Forces had tried to break through the front line across a wide area. Mark lobel reports. This is what russias major assault on ukraines east looks like. Airstrikes and heavy artillery pounding targets for hours on end. Weapons have already struck residential buildings, schools and hospitals. Russian missile strikes killed two people in kharkhiv on monday, part of a shift of focus, after setbacks for russia around the ukraine capital. Day 55 of this war and the secretary of the Ukraine Security council says Russian Troops are trying to break through the entire fr
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