Name: IMF: third of global economy will shrink
Uploaded: 2022-10-11T19:39:23+00:00
Duration: 2 min 58 s
Description: The IMF says "the worst is yet to come'' - and if that sounds like a tagline from a disaster movie that's about the right mood. The IMF thinks more than a third of the global economy will shrink either this year or next. Everyone is taking a hit from the Russian invasion of Ukraine, the cost of living crisis and a slowdown in China driven by its Covid lockdown policies.

The IMF says “the worst is yet to come” – and if that sounds like a tagline from a disaster movie that’s about the right mood.

The IMF thinks more than a third of the global economy will shrink either this year or next.

Everyone is taking a hit from the Russian invasion of Ukraine, the cost of living crisis and a slowdown in China driven by its Covid lockdown policies.