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Episode details

World Service,19 May 2022,26 mins

Share market sell-off continues

World Business Report

Available for over a year

Investors are worried about possible recession after steep Wall Street falls on Wednesday. We have the latest on the financial markets from Michael Hewson of CMC Markets, and explore the prospects for the global economy with Simon Macadam at Capital Economics in London, and Allison Schrager, senior fellow and economist at the Manhattan Institute in New York. Also in the programme, the BBC's Phil Mercer reports from Australia on how the rising cost of living is a central theme in campaigning ahead of this weekend's general election. The BBC's Rahul Tandon examines changing attitudes to defence spending following Russia's invasion of Ukraine. Plus, we hear how Joe and Jess Thwaite, from Gloucester in England, found out that they had won $228m on the EuroMillions lottery. Today's edition is presented by Mike Johnson, and produced by Sarah Hawkins, Sara Parry and Gabriele Shaw. (Picture: A New York Stock Exchange trader. Picture credit: Getty Images.)

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