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Odds Of A Global Recession? 50/50, Says David Malpass | GZERO World

Odds of a global recession? 50/50, says David Malpass

Global inflation is forecast to finish 2022 at 8.8%, settling in at around 6.5% in 2023. So is a global recession imminent? David Malpass, President of the World Bank, discusses the global economy with Ian Bremmer on the GZERO World.

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Will There Be a Global Recession in 2023? | World Bank's David Malpass | GZERO World

What's the chance of a global recession in 2023?

World Bank President David Malpass says the chances of a global recession in 2023 are 50/50, though he is more worried that the middle-income and poorest countries are moving backward in education, health, food insecurity, and capital flows.

These nations, he tells Ian Bremmer on GZERO World, are actually moving backward on all development indicators. And with most capital now being poured into high-income countries, the world is becoming a more unequal place.

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

Can the world avoid a global recession?

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.

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Podcast: Winter is coming. Global recession, too?

Listen: Inflation is on the rise, at a rate we haven't seen in through in decades. Is a global recession inevitable? Ian Bremmer speaks to Kristina Georgieva, Managing Director of the International Monetary Fund and David Malpass, President of the World Bank, on the GZERO World podcast. Both guests are leading global efforts to get inflation under control, lift millions out of extreme poverty and prevent the next global recession. Whether they’ll succeed is very much an open question.

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David Malpass: I’m Not a Climate Denier | GZERO World

David Malpass: I'm not a climate denier

World Bank President David Malpass has come under a political firestorm over his views on climate change science. But is he a climate denier?

No way, he tells Ian Bremmer on GZERO World when asked about the elephant in the room. Meanwhile, the institution Malpass leads has, among many priorities, two big crises to deal with: energy and food.

Malpass laments how Russia's war in Ukraine has hurt climate progress by creating more appetite for fossil fuels. Why? Countries are hungry for energy, and even Europe is scouring the world for more coal and natural gas.

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Is Global Economic Inequality Getting Worse? | Global Stage | GZERO Media

Is global economic inequality getting worse?

Yes, said the majority of respondents in a recent GZERO poll.

What's happening in Ukraine has undone much of the momentum for narrowing the equality gap created during the pandemic, said Ian Bremmer, president of Eurasia Group and GZERO Media, during a Global Stage livestream conversation hosted by GZERO in partnership with Microsoft. The event was held on site at the headquarters of the World Bank in Washington, DC , and was moderated by Jeanna Smialek, Federal Reserve reporter at The New York Times. The war has aggravated pre-existing problems like high inflation and supply chain disruptions. A cease-fire would help end all this, but don't count on it.

This week the World Bank and the International Monetary Fund are holding their annual spring meetings. The conflict is top and center on the agenda, as is financial assistance to first help Ukraine keep the lights on and someday rebuild when the Russians leave.

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Want to help poor countries now? Open your markets to their farmers | Global Stage | GZERO Media

Want to help poor countries now? Open your markets to their farmers, World Bank chief tells wealthy nations

Many developing countries now face high inflation, especially rising food prices.

What can they do to alleviate some of that pain? Wealthy nations should step in by opening their markets to farmers from poor nations, World Bank President David Malpass says during a Global Stage livestream conversation hosted by GZERO Media in partnership with Microsoft.

"This is a moment to make friends, to help people that ... don't have as much."

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Join us for our Global Stage event live from Washington DC

WATCH : Today at 3:30 pm ET, GZERO Media streamed from the World Bank headquarters in Washington, DC, to discuss "Financing the Future" as part of our Global Stage series.

Moderator Jeanna Smialek, Federal Reserve reporter at The New York Times, led the conversation with Eurasia Group and GZERO Media president Ian Bremmer, World Bank president David Malpass, Sri Mulyani Indrawati, Minister of Finance, Republic of Indonesia, and Rania Al-Mashat, Minister of International Cooperation, Egypt. We also heard from Vickie Robinson, General Manager, Microsoft Airband Initiative, and Gintarė Skaistė, Minister of Finance, Lithuania.

GZERO Media's Webby Award-nominated Global Stage series is produced in partnership with Microsoft.

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