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World Business Report: First broadcast 10/01/2023 15:32 GMT : World Bank: Global economy dangerously close to recession

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World Bank: Global economy dangerously close to recession

First broadcast 10/01/2023 15:32 GMT 

First broadcast 10/01/2023 15:32 GMT : World Bank: Global economy dangerously close to recession

BBC World Service - World Business Report, World Bank: Global economy dangerously close to recession

The World Bank tells us its growth prediction for 2023 has nearly halved.

Continued soaring inflation and rising interest rates are behind the World Bank halving its growth prediction for 2023.

The World Bank says continued soaring inflation and rising interest rates is putting the global economy dangerously close to falling into recession. It tells us why it's nearly halved its growth forecast for the year ahead.

French President Emmanuel Macron is trying to increase the legal retirement age in the country from 62, but is facing fierce opposition. We hear how the situation is unfolding.

And smog has hit Delhi as the city experiences extremely severe air pollution, with schools closed and flights being delayed due to reduced visibility. The boss of a clean air solutions company tells us how the city is coping.

(Picture: International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. Credit: REUTERS/Johannes P. Christo/File Photo)

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First broadcast 10/01/2023 15:32 GMT : World Bank: Global economy dangerously close to recession

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