Money Talks

Soaring fuel and food prices threaten to stunt global growth

Surging inflation is hitting consumers everywhere and the World Bank warns most governments can do nothing to stop it. It says food prices are up by nearly 40% since the beginning of Russia's attack on Ukraine. And energy costs are likely to remain high for months to come. The collective price hike is also taking a toll on consumer spending and the growth of businesses worldwide. As a consequence the World Bank expects global growth to slowdown from its previous estimate of 4.1% to 3.2%. It's also warning of a looming food crisis. For more on this, we were joined by economist Vicky Pryce who's a board member of the Centre for Economics and Business Research. #WorldEconomy #EconomicGrowth #Inflation

IMF cuts world economic outlook for 2019 | Money Talks

IMF cuts world economic outlook for 2019 | Money Talks

IMF, World Bank hold meetings in Washington | Money Talks

IMF, World Bank hold meetings in Washington | Money Talks

Beijing sets GDP growth target at between 6% and 6.5% | Money Talks

Beijing sets GDP growth target at between 6% and 6.5% | Money Talks

Money Talks: World Bank predicts 3.1% global growth in 2018

Money Talks: World Bank predicts 3.1% global growth in 2018

China's manufacturing output growth slower than expected in July

China's manufacturing output growth slower than expected in July

Lufthansa's ground staff on strike, demand pay raise

Lufthansa's ground staff on strike, demand pay raise

Weak consumer spending hit tech earnings

Weak consumer spending hit tech earnings

Egyptian farmers struggle to survive amid rising costs

Egyptian farmers struggle to survive amid rising costs

US economy in recession after second quarter contraction

US economy in recession after second quarter contraction

Market Movers: Energy prices keep soaring

Market Movers: Energy prices keep soaring

US economy disappoints with 0.9% contraction in second quarter

US economy disappoints with 0.9% contraction in second quarter

US Federal Reserve hikes benchmark rates by 75 basis points

US Federal Reserve hikes benchmark rates by 75 basis points

IMF slashes global growth forecast, sees rising risk of recession

IMF slashes global growth forecast, sees rising risk of recession

Russia announces cut in gas supplies to EU

Russia announces cut in gas supplies to EU

Report this week expected to show US economy in recession

Report this week expected to show US economy in recession

Farnborough Airshow kicks off after 4 years

Farnborough Airshow kicks off after 4 years

Show More