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Business Matters: Global recession risk rises as IMF lowers growth forecast

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07/10/2022 GMT

Global recession risk rises as IMF lowers growth forecast

BBC World Service - Business Matters, Global recession risk rises as IMF lowers growth forecast

The IMF says the risk of a global recession has increased

The International Monetary Fund says the risk of a global recession has increased as it lowers its growth forecast.

The IMF says the risk of a global recession has increased as it lowers its growth forecast for the coming year.  Its managing director, Kristalina Georgieva, said the gloomy outlook was fuelled by Russia's invasion of Ukraine and the continuing impact of the Covid pandemic.

Hong Kong has relaxed several of its coronavirus restrictions in recent weeks.  Now it's giving away 500,000 airline tickets worth $250 million in a bid to boost visitor numbers.  Will it succeed?

The Rooney Rule was adopted by NFL teams in the US in 2003, with the aim of creating equal opportunities for Black coaches.  But there's criticism that it hasn't achieved what it set out to do.  Gus Garcia Roberts from the Washington Post has been investigating and shares his findings with us.

Sam Fenwick is joined by Tony Nash, chief economist at Complete Intelligence in Houston, Texas and Zyma Islam from the Daily Star in Dhaka, Bangladesh to discuss these stories and the other big money and work issues of the day.

(Image:Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva speaks during a press conference as she meets with economic and financial organizations in Berlin at the German chancellery on August 26, 2021 in Berlin, Germany. Credit: Getty Images)

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