Can the world avoid a global recession?

October 17, 2022

Can the World Avoid a Global Recession? | GZERO World with Ian Bremmer

This year, the annual fall meetings of the World Bank and the IMF are all about global economic doom and gloom.

How bad will it get? Are we headed toward a worldwide recession? And who will bear the brunt of the pain?

To get some answers, GZERO World with Ian Bremmer has two very special guests: World Bank President David Malpass and IMF Managing Director Kristalina Georgieva.

Malpass tackles the elephant in the room: whether he's a climate denier. His odds of a global recession? 50/50. But the World Bank chief is more worried about the poorest countries going backwards on their development goals.

For her part, Georgieva explains the three drivers that'll likely trigger a worldwide economic slowdown next year. She also predicts that the coming winter will be bad for Europe — but the next one will be worse.

From Your Site Articles

Ukraine's military technology could benefit all of Europe — Deputy Minister Anna Gvozdiar

- YouTube

youtu.be

At the start of Russia’s full-scale invasion, Ukraine was already punching above its weight in technology—having one of the most powerful IT hubs and digitized governments in the world. Now, three years into the war, tech innovation in Ukraine has become a battlefield advantage, one that Anna Gvozdiar, Deputy Minister for Strategic Industries, says could benefit all of Europe.

Hard Numbers: Israel mourns as bodies return home, Trump stokes pessimism and optimism, McConnell officially retires, Canada calls cartels “terrorists,” Archaeologists make major find in Egypt

Israelis sit together as they light candles and hold posters with the images Oded Lifschitz, Shiri Bibas, and her two children, Kfir and Ariel Bibas, seized during the deadly Oct. 7, 2023 attack by Hamas, on the day the bodies of the deceased hostages were handed over under by Hamas on Feb. 20, 2025.

REUTERS/Itay Cohen

South Korea’s Yoon faces his first day in court

South Korea's impeached President Yoon Suk Yeol attends a hearing of his impeachment trial at the Constitutional Court in Seoul, South Korea, February 20, 2025.

Matrix Images/Korea Pool

Impeached South Korean President Yoon Suk-yeol appeared before two courts on Thursday. His first stop at the Seoul Central District Court made him the first sitting president — he’s not yet been formally removed from office — to face criminal prosecution.

US-Ukraine relations crumble as war anniversary approaches

Ukrainian President Volodymyr Zelenskiy and U.S. President Donald Trump's special envoy, General Keith Kellogg, meet in Kyiv, Ukraine, on February 20, 2025.

Photo by Maxym Marusenko/NurPhoto

Ahead of the third anniversary on Monday of Russia’s full-scale invasion of Ukraine, Ukraine’s President Volodymyr Zelensky and Donald Trump’sUkraine envoy, Keith Kellogg,met in Kyiv on Thursday to discuss bringing the fighting to an end as Washington’s allegiances appear to be shifting toward Moscow.

Coalition bust-up over VAT in South Africa?

South African president Cyril Ramaphosa takes the national salute below a statue of former president Nelson Mandela at the Cape Town City Hall, ahead of his State Of The Nation (SONA) address in Cape Town, South Africa February 6, 2025.

REUTERS/Nic Bothma

South Africa’s ruling coalition, made up primarily of the African National Congress and the Democratic Alliance, is showing signs of a possible crack in its government of national unity.

Energy security: From frenemies to a lasting alliance to promote energy transition

BMW Foundation

The Energy Security Hub @BMW Foundation Herbert Quandt Pavilion at the Munich Security Conference held crucial talks last weekend on pressing global issues to the energy transition. Over 2.5 days of controversial and constructive talks in the heart of Munich, it became clear that energy security is not only an economic and geopolitical issue but one that’s also inextricably linked to social progress and democratic values. “There is not just one way forward,” said Dr. Heba Aguib, board member of the BMW Foundation Herbert Quandt. However, speed, scale, and collaboration across sectors are needed to drive the transition. “The open and collaborative approach that big tech companies are taking can serve as a model for other organizations and countries to use external expertise and resources to drive their energy initiatives, tailored to local needs,” she said. Learn more about the program here.

Can the world avoid a global recession?

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South Korea’s Yoon faces his first day in court

Impeached South Korean President Yoon Suk-yeol appeared before two courts on Thursday. His first stop at the Seoul Central District Court made him the first sitting president — he’s not yet been formally removed from office — to face criminal prosecution.

US-Ukraine relations crumble as war anniversary approaches

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Coalition bust-up over VAT in South Africa?

South Africa’s ruling coalition, made up primarily of the African National Congress and the Democratic Alliance, is showing signs of a possible crack in its government of national unity.

Have Republicans become pro-Russia?

Those of us who grew up in a Cold War world have long thought of Republicans as the US political party that is most consistently tough on Moscow.

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On this episode of Vladimir Putin's public access AMA, the Russian president offers his thoughts on dealing with an annoying neighbor. #PUPPETREGIME

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The shocking US pivot to Russia has sent the world through the political looking glass and into the upside-down era of Trumpland. Is the US abandoning its historic allies in NATO, Europe, and Canada in favor of … Russia? The short answer is yes, writes GZERO Publisher Evan Solomon. For now.

Energy security: From frenemies to a lasting alliance to promote energy transition

Can the world avoid a global recession?

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More from GZERO Media

Impeached South Korean President Yoon Suk-yeol appeared before two courts on Thursday. His first stop at the Seoul Central District Court made him the first sitting president — he’s not yet been formally removed from office — to face criminal prosecution.

GZEROMEDIA

Subscribe to GZERO Media's newsletter: Signal

South Africa’s ruling coalition, made up primarily of the African National Congress and the Democratic Alliance, is showing signs of a possible crack in its government of national unity.

Those of us who grew up in a Cold War world have long thought of Republicans as the US political party that is most consistently tough on Moscow.

On this episode of Vladimir Putin's public access AMA, the Russian president offers his thoughts on dealing with an annoying neighbor. #PUPPETREGIME

The shocking US pivot to Russia has sent the world through the political looking glass and into the upside-down era of Trumpland. Is the US abandoning its historic allies in NATO, Europe, and Canada in favor of … Russia? The short answer is yes, writes GZERO Publisher Evan Solomon. For now.