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Episode details

World Service,06 Oct 2022,26 mins

IMF downgrades global growth forecast

World Business Report

Available for over a year

The IMF says the risk of a global recession is rising. Its managing director, Kristalina Georgieva, said the outlook was getting darker because of Russia's attack on Ukraine and the shocks caused by the Covid pandemic. She said the IMF would lower its growth forecast as a result. We speak to Ali Metwally, an economist with InfoSpectrum, which works with shipping, commodities and energy organisations around the world. Farmers are under pressure because of the rising cost of fertiliser. Prices have gone up since Russia invaded Ukraine, but in Peru farmers have come up with a solution - using bird droppings, or guano. Eshima Secche's family run a farm in Peru and explains why it could be a good alternative. With the latest US jobs report imminent, economist Cary Leahy from Columbia University in New York tells us what to expect from Friday's figures. (Image:Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva speaks during a press conference as the Chancellor meets with economic and financial organizations in Berlin at the German chancellery on August 26, 2021 in Berlin, Germany. Credit: Getty Images)

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