The state of the global economy is … not good

November 05, 2022

Ian Explains: The State of the Global Economy Is … Not Good | GZERO World

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

The IMF has cut its global growth prediction for this year by half compared to 2021. And next year will be the worst since COVID and the 2008 financial crisis.

Meanwhile, inflation is still very high — and efforts by rich countries to tame rising prices are going to hurt poor nations.

And what about climate change? That may be the one silver lining for the IMF, which believes that the present energy crisis may accelerate the green energy transition.

Watch the GZERO World episode: Can the world avoid a global recession?

From Your Site Articles

Tensions between China and the West heat up amid military exercises

China's President Xi Jinping attends a meeting in Brazil in November 2024.

REUTERS/Adriano Machado/File Photo

Just days after a Chinese naval helicopter nearly collided with a Philippine patrol plane over a contested reef, China’s military started live-fire drills in waterways near Vietnam on Monday and between Australia and New Zealand over the weekend in an “unprecedented” display of firepower.

The state of the global economy is … not good

Watch the GZERO World episode: Can the world avoid a global recession?

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The convergence of geopolitics and cyberspace

“Those same geopolitical tensions that we see in physical space certainly are playing out in digital space as well,” says Anne Neuberger, former US Deputy National Security Advisor for Cyber and Emerging Technologies.

Tensions between China and the West heat up amid military exercises

Just days after a Chinese naval helicopter nearly collided with a Philippine patrol plane over a contested reef, China’s military started live-fire drills in waterways near Vietnam on Monday and between Australia and New Zealand over the weekend in an “unprecedented” display of firepower.

The state of the global economy is … not good

Watch the GZERO World episode: Can the world avoid a global recession?

GZEROMEDIA

Subscribe to GZERO Media's newsletter: Signal

More from GZERO Media

India’s political class is in an uproar over claims by US President Donald Trump that USAIDgave $18 million to increase their country’s voter turnout.

A new measure would cut back the popular program in order to fund continuation of Trump's first term tax cuts.

The 22nd Amendment to the US Constitution is crystal clear: No person can be elected to the presidency more than twice. Ratified in 1951, it was a response to Franklin D. Roosevelt’s four-term tenure.

GZEROMEDIA

Subscribe to GZERO Media's newsletter: Signal

Ian Bremmer's Quick Take: Germany’s election results are in, with the far-right AfD party expanding their vote share to second place. Ian Bremmer looks at what the outcome means for the future of Europe and the transatlantic alliance.

“Those same geopolitical tensions that we see in physical space certainly are playing out in digital space as well,” says Anne Neuberger, former US Deputy National Security Advisor for Cyber and Emerging Technologies.

Just days after a Chinese naval helicopter nearly collided with a Philippine patrol plane over a contested reef, China’s military started live-fire drills in waterways near Vietnam on Monday and between Australia and New Zealand over the weekend in an “unprecedented” display of firepower.