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World Business Report: First broadcast 10/01/2023 22:32 GMT : World Bank warns of dangers of global recession

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World Bank warns of dangers of global recession

First broadcast 10/01/2023 22:32 GMT 

First broadcast 10/01/2023 22:32 GMT : World Bank warns of dangers of global recession

BBC World Service - World Business Report, World Bank warns of dangers of global recession

The world economy will grow by just 1.7% this year.

The world economy will grow by just 1.7% this year - a sharp decrease from the 3% it predicted in June.

The global economy is "perilously close to falling into recession", according to the latest forecast from the World Bank, as the impacts of the Ukraine war and Covid pandemic continue to be felt across the world.

In fact, Pakistan and Sri Lanka are already struggling to keep their heads above water. Leaders in politics and economics share their thoughts with us on the economic challenges facing those countries.

Meanwhile in the US, more job cuts in the tech sector - the crypto exchange Coinbase is laying off 20 percent of its global workforce.

(Picture: The World Bank logo seen displayed on a smartphone. Picture Credit: Getty Images)

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First broadcast 10/01/2023 22:32 GMT : World Bank warns of dangers of global recession

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