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Episode details

World Service,28 Apr 2022,26 mins

US economy contracts unexpectedly

World Business Report

Available for over a year

Economic activity in the US contracted unexpectedly in the first three months of 2022. The Harvard economist Professor Ken Rogoff tells us whether it signals a possible recession. Also in the programme, a mass strike in Sri Lanka has forced the closure of many schools, shops and services. The BBC's Ranga Sirilal tells us why people in the country have withdrawn their labour. The United Nations Secretary General Antonio Guterres has been visiting Ukraine today. We catch up with Ukrainian businessman Oleg Chernyak, of CHI Software, to hear how he and his staff are doing, now that they have moved from Kharkiv in the east, to the relative safety of Lviv in the west. Plus, the BBC's Vivienne Nunis explores why sales of brooches have been soaring, and why they can be such a powerful accessory. (Picture: A US vehicle production line. Picture credit: Getty Images.)

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