4.2 • 7.8K Ratings
🗓️ 23 April 2025
⏱️ 32 minutes
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The IMF cuts forecasts for every major economy and warns that the US could be hardest hit. Also: In Indian-administered Kashmir more than twenty tourists shot dead, and the surge in cosmetic surgery in China.
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0:00.0 | This is the Global News podcast from the BBC World Service. |
0:05.6 | I'm Valerie Sanderson, and in the early hours of Wednesday, the 23rd of April, these are our main stories. |
0:11.6 | The International Monetary Fund downgrades global economic growth forecasts |
0:16.1 | and warns that the risk of a recession in the US has significantly increased. |
0:21.3 | In Kashmir, more than 20 people have been killed |
0:23.5 | after gunmen opened fire on tourists. |
0:28.5 | Also in this podcast, how the next Pope is chosen. |
0:32.4 | And the priest from the only Catholic Church in the Gaza Strip |
0:35.1 | remembers the late Pope Francis. |
0:37.9 | The Pope called for more than one year and a half every day with a small message or sometimes |
0:45.1 | under the bombing to give a hope. |
0:53.3 | We start with the forecast from the International Monetary Fund, the World Economic Outlook. |
0:59.3 | The IMF has downgraded its forecast for global growth, predicting that Donald Trump's tariffs and the uncertainty they've caused will lead to a significant slowdown. |
1:09.3 | The IMF said growth in the US.S., the world's biggest economy, |
1:13.4 | could be almost a full percentage point lower this year than previously predicted. |
1:18.2 | Pierre Léviour-Grunsha, the IMF's chief economist, |
1:21.6 | said the U.S. could be the hardest hit. |
1:24.2 | For the United States, the tariffs represent a supply shock that reduces productivity |
1:30.6 | and output permanently and increases price pressures temporarily. This adds to an already |
1:37.9 | weakening outlook and leads us to revise growth down by 0.9 percentage point to 1.8% with a 0.4 percentage point downgrade from |
1:48.7 | the tariffs only, while inflation is revised upwards. He said the prospect of the U.S. economy |
1:55.1 | going into recession had significantly increased. We were seeing already consumption numbers coming down. |
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