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The chair of the Federal Reserve, Jerome Powell, struck a more hawkish tone this week,

as high inflation in America continues, China's economy slows, and the spread of the Omicron

variant triggers a fresh wave of restrictions around the globe.

Is the world economy caught between a rock and a hard place?

You're listening to Money Talks from the Economist, our weekly podcast on the markets,

the economy and the world of business.

I'm Patrick Lane, and in today's show, we assess the threats to global growth.

We'll hear from Carmen Reinhardt, chief economist at the World Bank, about why emerging

markets face a triple whammy.

The concerns are not cookie cutter across the EMs, but what I am saying concretely is

there are a lot riskier at the moment that they were a couple of years ago, so it can

be the proverbial straw that broke the camel's back.

We'll ask whether China can manage the reckoning for its bloated property sector.

It may be a bit confusing for them, I think, takes them a little bit longer than usual

...