Main content

IMF downgrades the forecast for the global economy

The International Monetary Fund has trimmed half a percentage point off its projection

The International Monetary Fund has downgraded its forecast for the global economy - trimming half a percentage point off its projection - now at 4.4 per cent. The IMF's First Deputy Managing Director, Gita Gopinath tells us the focus right now is on the world鈥檚 two biggest economies - the US and China - neither of which, the IMF believes, will be immune to the slowdown. India and Japan, by contrast, are forecast to buck the trend.

Also in the programme, the 主播大秀's Ed Butler reports on how drug cartels in Mexico have turned to innovative solutions to continue smuggling drugs across the border into the United States.

The latest European Space Conference is under way in Brussels today. We explore the main items on the agenda, including a possible rival to Elon Musk's Starlink internet satellite constellation, and tackling the problem of space junk, with space journalist Jonathan O'Callaghan.

Plus, Walmart has announced an investment in a vertical farming company. We discuss the merits of the concept with Leo Marcelis, professor of Horticulture and Product Physiology at Wageningen in the Netherlands.

PHOTO: IMF

Available now

27 minutes

Last on

Tue 25 Jan 2022 22:32GMT

Broadcast

  • Tue 25 Jan 2022 22:32GMT