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IMF: Third of world in recession this year

The IMF predicts that a third of the global economy will in recession this year, as the US, Europe and China all see their economies slow.

A third of the global economy will be in recession this year, the head of the International Monetary Fund (IMF) has warned.

Kristalina Georgieva said 2023 will be "tougher" than last year as the US, EU and China see their economies slow.

We ask a former IMF chief economist about his outlook for the year.

We also hear how the economies of Nigeria, Russia and Colombia might perform in 2023.

(Picture: Crowds of people on Times Square, New York City, USA. Picture Credit: Getty Images)

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27 minutes

Last on

Mon 2 Jan 2023 15:32GMT

Broadcast

  • Mon 2 Jan 2023 15:32GMT