Global economy risks a second recession

President Trump says tariffs on China “will not be anywhere near 145%” but won’t be removed all together. It follows US Treasury Secretary Scott Bessent saying he expected a ‘de escalation’ in US China tariffs.The International Monetary Fund has revised its global growth forecast ...  Show more

As some of the World's largest economies get ready to face new tariffs, we find out what a battle on levy's could mean for the global economy.We hear from a Gulf Coast business feeling positive about the charges, and the predicament of a Californian retailer reliant on imports.El ...  Show more

The global economy is "perilously close to falling into recession", according to the latest forecast from the World Bank, as the impacts of the Ukraine war and Covid pandemic continue to be felt across the world. In fact, Pakistan and Sri Lanka are already struggling to keep thei ...  Show more

Laura Geritz, chief executive officer at Rondure Global Advisors, says that the U.S. and China are holding up the world economy with their spending during the coronavirus pandemic, but she cautions that if those economies falter -- and they have little room to expand spending --  ...  Show more

With the International Monetary Fund set to unveil its twice-yearly World Economic Outlook tomorrow, we're joined by former IMF Chief Economist Kenneth Rogoff to find out what we can expect to hear. Shares in US semiconductor firms fell on Monday after Joe Biden announced restric ...  Show more

From the BBC World Service: Sri Lanka has been battling economic breakdown for nearly a year. A foreign reserve crisis toppled the country’s president and led to shortages and soaring inflation. Now a $3 billion rescue package has been agreed upon with the International Monetary ...  Show more