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Added on the 06/10/2022 16:38:26 - Copyright : AFPTV - First images
The United Nations chief urges world leaders to take decisive action to tackle ever-worsening climate change when they gather at the COP28 summit in Dubai starting this week. "We are trapped in a deadly cycle," UN Secretary-General Antonio Guterres says. "The solutions are well known." SOUNDBITE
IMF chief Kristalina Georgieva urges Britain and other nations to ensure their fiscal policies remain consistent following reports that London is mulling more U-turns for its controversial budget plan. SOUNDBITE
IMF chief Kristalina Georgieva warns that if central banks move too aggressively to tamp down price pressures, it could trigger a "prolonged" economic downturn. SOUNDBITE
Surging inflation and severe slowdowns in the United States and China prompted the IMF to downgrade its outlook for the global economy this year and next, while warning that the situation could get much worse. SOUNDBITE
The global economic crisis will not be quite as grim as feared this year, but GDP will still contract 4.4 percent, the IMF says in its latest World Economic Outlook. "This upgrade owes to somewhat less dire outcomes in the second quarter, as well as signs of a stronger recovery in the third quarter, offset partially by downgrades in some emerging and developing economies," IMF chief economist Gita Gopinath says. SOUNDBITE
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