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Added on the 08/06/2022 15:10:46 - Copyright : France 24 EN
The world's economic outlook is "much more pessimistic" as a result of the war in Ukraine, warns Secretary-General Mathias Cormann, as the OECD slashes its 2022 growth forecast and projects higher inflation. SOUNDBITE
UN chief Antonio Guterres warns that he fears the likelihood of further escalation in the Russia-Ukraine conflict means the world is heading towards a "wider war." "The prospects for peace keep diminishing. The chances of further escalation and bloodshed keep growing," he added as explained his 2023 priorities plan to the UN General Assembly. SOUNDBITE
Indonesian President Joko Widodo tells G20 members they must avoid another world war as he opens a leaders' summit dominated by Russia's invasion of Ukraine in Bali. SOUNDBITE
Paolo Gentiloni, European Commissioner for Economy, announces that the EU is sharply cutting its eurozone growth forecast for 2022 to 2.7 percent as the bloc struggles with skyrocketing energy prices due to the war in Ukraine. SOUNDBITE
The International Monetary Fund revises its eurozone growth forecast for 2022 "downward by 1.1 percentage points" from its January estimate, to 2.8 percent, IMF chief economist Pierre-Olivier Gourinchas says as he presents the latest World Economic Outlook. SOUNDBITE
The impact of the war in Ukraine is spreading worldwide, causing the IMF to sharply downgrade its 2022 global growth forecast to 3.6 percent, IMF chief economist Pierre-Olivier Gourinchas says as he presents the latest World Economic Outlook. SOUNDBITE