The International Monetary Fund warned that the global economy is entering 2022 in a weaker position than previously expected as it downgraded its global growth outlook largely due to clouds gathering over the recoveries in the United States and China.
The IMF’s latest World Economic Outlook calls for the global growth to downshift from 5.9 per cent in 2021 to 4.4 per cent this year.
The Fund saw the US economy growing 4.0 per cent this year while China’s economy grew 4.8 per cent this year thanks to the country’s business-sapping, zero-tolerance COVID-19 policy, and ongoing stress in its heavily indebted property sector.
26 Jan 2022TRANSCRIPT
Microsoft Boasts Quarterly Revenue On Cloud Growth
Microsoft Corp exceeded analysts’ expectations for second-quarter revenue on Tuesday, propelled by strong demand for its cloud-based services from more businesses migrating to hybrid work models due to the coronavirus pandemic.
Microsoft has become one of the most valuable companies in the world by betting heavily on corporate software and services, especially its cloud services and the movement to the web of its Outlook email and calendar software, known as Office 365.
Revenue from Microsoft’s biggest segment, which offers cloud services and includes Azure, its flagship cloud offering, rose 26 per cent, while the business that houses its Office 365 services increased 19 per cent in the quarter.
26 Jan 2022TRANSCRIPT
The US Says Putin May Face Sanctions
US President Joe Biden says he would consider imposing economic sanctions personally targeting Vladimir Putin if the Russian president orders a new attack on Ukraine.
British Prime Minister Boris Johnson urged European allies to have sanctions ready to go if Russia invades Ukraine.
Russia has amassed some 100,000 troops within reach of Ukraine’s border but denies planning an invasion. Instead, it has cited the Western response to its military buildup as evidence that Russia is the target of aggression.
Inside a recent episode
IMF Cuts Global Economic Growth Forecast
Published 26 Jan 2022 · Transcript excerpt
[…] The fund saw the US economy growing 4.0% this year, while China's economy growing 4.8% this year, thanks to the country's business sapping, zero-tolerance COVID-19 policy, and ongoing stress in its heavily indebted property sector. That was the news at this time on Africa Business Radio. […]
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