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Added on the 10/03/2022 15:39:32 - Copyright : AFPTV - First images
The European Central Bank slashes its growth outlook for the eurozone to 2.8 percent in 2022 and 2.1 percent in 2023, as Russia's invasion of Ukraine wreaks havoc on the world economy. SOUNDBITE
Russia's war against Ukraine is "severely" impacting the eurozone economy, European Central Bank chief Christine Lagarde says, with surging energy costs, supply chain disruptions and weaker consumer confidence weighing on growth. SOUNDBITE de Christine Lagarde
During the concluding G20 Finance ministers' press conference in Bangaluru, the secretary in charge of the Indian Department of Economic affairs, Ajay Seth, says that "all 18 countries felt that the war has got implications on the global economy" and needed to be mentioned. Only China and Russia did not want to sign up to the wording on Ukraine. G20 host India has also refused to condemn Russia, which is New Delhi's biggest arms supplier and has become a major source of oil for India since the invasion. 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
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