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World Business Report: First broadcast 02/01/2023 22:32 GMT : Global recession predicted for 2023

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First broadcast 02/01/2023 22:32 GMT 

First broadcast 02/01/2023 22:32 GMT : Global recession predicted for 2023

Global recession predicted for 2023

BBC World Service - World Business Report, Global recession predicted for 2023

The IMF warns that a third of the global economy will be in recession this year.

A third of the global economy will be in recession this year, the head of the International Monetary Fund (IMF) has warned.

The IMF kicks off 2023 with a bleak economic outlook.

Kristalina Georgieva said 2023 will be "tougher" than last year as the US, EU and China see their economies slow.

A court in Russia has ordered the freezing of nearly half a million dollars worth of assets belonging to the German gas company, Linde. 

And Dubai has kicked off the new year by scrapping a 30 per cent tax on alcohol sales.

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First broadcast 02/01/2023 22:32 GMT : Global recession predicted for 2023

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