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World Business Report: First broadcast 03/11/2022 22:32 GMT : Recession fears and rate hikes around the globe.

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Recession fears and rate hikes around the globe.

First broadcast 03/11/2022 22:32 GMT 

First broadcast 03/11/2022 22:32 GMT : Recession fears and rate hikes around the globe.

BBC World Service - World Business Report, Recession fears and rate hikes around the globe.

The US could be heading for recession, we look at what that might mean for business.

The Bank of England has warned the UK is facing its longest recession since records began. Meanwhile other countries in Europe, Asia and America also facing economic problems.

While the US is bracing for midterm elections next week, local businesses in different sectors are ready to fight inflation. We hear from Mariyah Saifuddin, the founder of Innovative Solution Partners, a data analytics company based in Detroit Michigan and Candy Valentino, a serial entrepreneur and real estate investor, based in Scottsdale, Arizona. They tell us what challenges business owners have to overcome. 

Also in the programme, we are talked to Vicky Pryce, an international economist. She explains how inflation is affecting UK economy. 

We move around the globe to Turkey's inflation, which hit a 24-year high of 85.5% after rate cuts. Murat Sagman, an economist from Istanbul talks about the reality behind these numbers for millions of families in his country.

(Picture: Senior couple sitting at the kitchen table looking at digital tablet and recalculating their expenses. Credit: Getty Images)

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First broadcast 03/11/2022 22:32 GMT : Recession fears and rate hikes around the globe.

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