growth precarious global economy uncertain international monetary fund and the world bank kick off their annual spring meetings with warnings to the world. also coming up after months of disagreements the e.u. has green lighted trade talks with the us setting the stage for the real challenge convincing washington to agree to a deal. and it's said to be one of the biggest oil refineries in the world built by the richest man in africa but will it be good for nigeria our correspondent funny went to find out. welcome to the business i'm john nelda and in berlin good to have you with us it's a recurring refrain by now but with undiminished urgency i don't use conference marking the start of their annual spring meetings the international monetary fund and the world bank said seventy percent of the global economy is caught in a slowdown trade tensions that distrust and for policy making aren't helping either we'll talk to our correspondent in washington in a moment but first this report. room sixty million containers like bees was shipped around the world's oceans last year thrilled with electr

trade organization is cutting its global trade growth forecast by nearly a third and the international monetary fund is training in as the list of issues weighing on global trade only seems to be getting longer also on the program china is moving and shaking on the african continent again this time building and financing airports in the ivory coast city of abidjan and show you two entrepreneurs in india shirts and dresses made out of textile waste are making that an impact as environmental awareness is on the right. i'm chris cuomo good to have you with us. political instability the persisting trade conflict between the united states and china and the chaotic proceedings surrounding an increasingly likely no deal all are taking their toll on the global economy the international monetary fund says the world economy is experiencing quote synchronized the celebration and the world trade organizations view isn't uplifting either it warns that world trade is slowing at an alarming rate. the world's leading financial institutions said it global economy is in a delicate position which needs tumbling with c

the international monetary fund points a finger at the u.s. china trade conflict. specifically we have looked at what might happen if tariffs on all goods traded between the u.s. and china went up by twenty five percentage point points that would entail a reduction of g.d.p. of point six percent for the united states and one point five percent for china do the math there is a self-inflicted wounds that should be avoided. the guards message is clearly aimed at american and chinese trade representatives. for weeks now they've been trying to find a solution to their simmering trade conflict the clock is ticking and international economists hope the trumpet ministration will heed the warning. let's bring in our financial correspondent dan scored here. global institutions are sounding the alarm over the state of the world economy but wall street doesn't seem to be overly intimidated well we keep listening to the same old song that the trade conflict is not positive that breaks it actually could be hurtful to global growth is nothing really new but first of all we do kno

mama from the international monetary fund thank you very much for being on the show pleasure thank you for having me. an engineering firm in tokyo is testing whether eight k. cameras can replace visual safety checks of key infrastructure the ultra high definition technology has sixteen times the number of pixels as standard h.d. experts say it can pick up stuff the human eye can't comprehend. the inspection vehicle makes its way through a tunnel inside thomas city just outside tokyo it's traveling at the normal speed of the traffic around it a quick trip down one lane and back up the other and the roof mounted camera produces pictures clear enough for inspectors. i think that technology can minimize the burden of manual inspections and reduce the social costs of traffic jams and. the should talk or engineering company is testing eight k. technology to inspect expressways in metropolitan tokyo ideally the technology can be paired with artificial intelligence to spot areas in need of repair. one japanese camera maker sharp wants to use the technology for surveillance. cameras can see wha

a delicate moment for the world economy the international monetary fund says the global economy is slowing more than expected to tell you what the i.m.f. is demanding from governments around the world to stop the don't also come in using terms are discussing another brics of postponement it will show you why people in a small french town are hoping for just stops and beijing makes big problems is a brussels budget equal treatment of chinese and foreign companies to drill china walk the walk. of. welcome to the program the international monetary fund sees the global economy at a quote delicate moment the organization's chief economist says that while she does not predict a global recession there are many downside risks. forecasts global growth of three point three percent this year and three point six percent in two thousand and twenty that's a slowdown over last year and recur then or it's merely forecast weakness is expected in the united states thanks to trade wars and proposed tariffs on cars all the worries are general economic slowdown the world's second largest economy china . italy

hailing pioneer to make a profit also coming up warnings to the world about growth as the international monetary fund and the world bank kick off their and old spring meetings and the china steps up its investment push into eastern europe western europe urges caution . is called rambling good to have you with us right here in company uber has filed documents for its much anticipated i.p.o. it is expected to seek a market value of close to one hundred billion dollars making it the largest offering in years. offers right sharing in some seven hundred cities and six cars on six continents and its ambitions include a broad expansion into freight and. there's a catch ybor has never made a profit and in warning the filing says it is unclear if it ever will just recently over rival lift made its debut on the market it has lost ten percent of its value since. for more that's going to turn a corner of booze and frankfurt conrad it is poised to be the biggest tech i.p.o. since e-commerce giant alibaba went public in twenty fourteen but over isn't earning any money why isn't that putting off investors. you know

hailing pioneer to make a profit also coming up warnings to the world about growth as the international monetary fund of the world bank kicked off their annual spring meetings china's steps its investment push into eastern europe and western europe urges. congress colder welcome to the program. right shane company has filed documents ford's much anticipated i.p.o. it is expected to seek a market value of close to a hundred billion dollars making it the largest offering and years were offers right sharing some seven hundred cities on six continents and its ambitions include a broad expansion into freight and real deliveries there is a catch number has never made any profit and the morning fighting says it is unclear if it ever will just recently over rival lift made its debut on the market has lost ten percent of its value ever since. it's a recurring refrain by now but with diminished urgency at a news conference marking the start of their annual spring meetings the international monetary fund of the world bank said seventy percent of the global economy is caught in a slowdown trade tensions debts di

and let's do business the global economy is facing a delicate moment a warning from the international monetary fund its cut its global growth forecast for this year from three point five to three point three percent economists at the i.m.f. and mainly wide about the u.s. economy because of trade tensions also though with a growth outlook for the eurozone. and there's africa the world bank says growth is sluggish despite so much investment in the continent. the world bank says the economy in sub-saharan africa has grown only two point three percent in twenty eighteen that's down from two point five percent the year before we can make growth remains below population growth for the fourth consecutive year but a rebound is expected long term trends for the three largest subsaharan economies are upwards growth in nigeria is projected to rise from one point nine percent to twenty thousand to two point four percent in two thousand and twenty one south africa is forecast to recover from zero point eight percent to one point eight percent in two thousand and twenty one and i'm gola is expected to come out o

across the program the international monetary fund sees the global economy at a quote delicate moment the organization organizations chief economist says that while she does not predict a global recession there are many side risks the i.m.f. forecasts global growth of three point three percent this year and three point six percent and twenty that's a slowdown over last year and weaker than originally forecast weakness is expected in the united states thanks to trade wars and proposed tariffs on cars all the worries are drags it and a general economic slowdown in the world's second biggest economy in china. now for more on those let's bring in our financial correspondent in frankfurt the i.m.f. says this is a delicate moment for the world economy and some major players like china or germany might need to take short term actions explain this warning to us. well chris you know in both countries china and germany the focus of the governments for a long time has very much been on stability in the case of china for example the government in beijing has tried a lot to make the financial syst

a couple of years ago there was optimism now the head of the international monetary fund says growth in the global economy is certainly slowing we're now talking about synchronized slowdown by seventy percent of the global economy so our forecast for growth this year is three point three percent. going back up we hope in twenty twenty based on awful cost to three point six percent at the end you will spring meetings of the world bank in the international monetary fund in washington the i.m.f. director says the world is facing a time of high uncertainty lagarde blames what she calls self-inflicted wounds in chief among those is the trade war between the united states and china the i.m.f. chief economist says the world's two largest economies must resolve that conflict or risk further destabilization around the globe the escalation of u.s. china trade tensions needed credit tightening in china macroeconomic stress in argentina and turkey disruptions in the auto sector in germany and financial tightening alongside the normalization of monetary policy in the larger advanced economies hav

stay with us on the meeting of the international monetary fund and the world bank. erg. ♪ tom: we say good morning. francine lacqua and tom keene together in washington at the meeting of the international monetary fund. this year with brexit, a global slowdown is more than interesting. the years with the international monetary fund, our guest will be with us through the hour to provide a tapestry. ?s it all clear the real job is crisis. >> we have a crisis of lingering debt. that is the real topic. tom: they will have structural problems but the president of the united taste does not care about structural problems. does it as soon u.s.-china and then u.s.-europe for a trade war? >> when he is done with china, he will go right to the european conundrum. that will keep uncertainty high and that will be investment growth. tom: we saw that from peter coppin f a few days ago. right now, let us get a view from europe. we can always do that with the former prime minister of finland . alexander stub has been a great value to surveillance over the many years. wonderful to cat

to keep working with the international monetary fund is that going to help repay ukraine substantial debts. instead of them taking only recourse ukraine has the funds required loans to the i am math mean the only other way they could find the cash to be to do a deal with russia which is basically impossible or to do a deal in china for example which probably would mean something to me interested in some of the momentum and the new president in the news of n.c. and. the i.m.f. i mean at least in the short term your name in the home i mean there's a big part of the nine hundred ninety s. by the way of being russia was callahan's of the i.m.f. back in months ninety eight i'm sure most of the decade in. reading us of the answer you mean he the difference being that when you know that the previous incomes in russia yes and i'm going to come on paul people. he was replace by somebody that he he chose himself who came from the security services kind of background in the. ukrainians and always gone for something outside of politics comedian house and political or security system that probably

you're watching news coming up next in business the international monetary fund calls it a delicate moment as the global economy slows down more than expected we'll find out what the i.m.f. is demanding governments do to stop the downturn. and just. look at our top stories before i go it's almost b. day again britain's theresa may for paris asked european leaders for a delay to bragg's it she's heading off to a summit a very special summit that's happening today in brussels if the e.u. leaders refuse the u.k. could end up crashing out of the european union in two days' time. of course we're closely following that election in israel for you the the results show that there's quite a cliffhanger in terms of the distribution of seats but it does look at this point was almost all votes counted that benyamin netanyahu will come out on top he has a good chance of forming a coalition with a number of right wing parties but. the centrist candidate and former general in the country he's looking also he's claiming victory at this point we'll find out more at the top of the next hour meanwhile we've g

must pay fifteen billion dollars to domestic and foreign lenders this year alone with the international monetary fund warning it's now the poorest country in europe. we go live now to professor from our marine the eastern europe expert at italy's university of genoa welcome to the program now in his election campaign selenski said he would continue cooperation with the international monetary fund so is he definitely going to be that different from his predecessor yes it must be i mean because he's election campaign rules described as something different from the former president so he must act completely different because he knows that voters have a profound discomfort and or the previous politics so it's a challenge i mean because he must show he must implement political reforms to thirty different from the us form of the president but a shingle so it's very challenging to him issues. and is there any evidence that he has the solution for ukraine's i can on the crisis. at the moment we don't know because he's an electoral campaign and especially he demonstrated that he thought he had no clear idea a

a delicate moment for the world economy the international monetary fund says the global economy is slowing more than expected to tell you what the i.m.f. is demanding from governments around the world to stop the don't also come in using terms are discussing another brics of those full month and we'll show you why people in a small french town are hoping for just stops and beijing makes big promises a brussels budget equal treatment of chinese and foreign companies back home to throw china walk from.

we're here just outside the international monetary fund in washington d.c. where a meeting underway and throughout the week on the agenda are the economic pretty well trained. and often topics like that well in recent days we heard the i.m.f. is highly turned about the rising global corporate sector director of the i.m.f. monetary capital market department told us told the m d c we are particularly worried about the corporate sector where leverage is rising underwriting standards and markets are the corporate sector are fearing the private sector that has risen in the aftermath of the down from the financial crisis has made borrowing for steadily cheaper and investing in the segment that has provided investors with a higher return to their secret government. global growth lost momentum throughout two thousand the team falling to two point seven. in percent in the fourth quarter down from three point three percent in the first quarter based on world bank calculations the diesel ration has. was seen in both advanced and developing country economies and it coin

all its planes this week indefinitely after failing to secure urgently needed funds the international monetary fund describing mozambique a one hundred eighteen million dollar credit facility it's to help the country rebuild after site on the dike. killed hundreds of people and flattened whole villages last month the worst cycle in decades last the eastern indian ocean coast the world bank says affected countries will need over two billion dollars to recover south africa's government has been forced to bring forward its bailout of state power company eskom to avoid default and has pumped over three hundred fifty million dollars into the struggling utility and could provide more soon as supplies more than ninety percent of south africa's electricity needs. now after two decades of relative economic stability shortages of food and medicine have once again become a serious daily problem for millions of cubans one reason for cuba's worries the crisis in venezuela which is a long time ally and the united states is piling on pressure as well it's just after eight in the morning. still has lined up behind

sanctions are likely to lead to a deepening recession up to six percent according to the international monetary fund the organist's the organization has also warned that the conflict between iran and the us could end up the stabilizing the entire region. here in teheran people are exchanging rio's as fast as they can faith in the iranian currency has fallen dramatically it now takes a stack of them one hundred forty four thousand at the moment to purchase a single dollar and most people fear the u.s. sanctions will drive the rio down even further. of course the country's revenues are going to drop and maybe the real value will drop as well and the end the pressure that they're putting on this is pressure on the people. you know you some people have fixed limited wages like us. when prices rose we had to change a lot of things our rent went up. then we were forced to spend our money on rent instead of food at. the i.m.f. has warned that inflation will drive prices even further in the country this year and that would drive many more iranians into poverty this would have. an impact on social specially

takes into account damage to buildings agriculture and infrastructure but not productivity international monetary fund says more than because it are requests for financing. and o.e.c.d. report shows inequality is rising and it's becoming difficult to join the middle class in the developed world housing education and health costs are rising economically vital middle class is now more indebted than other classes and is affected by automation and temp jobs. a french court has found by his monsanto are responsible for the health problems a family suffered after inhaling one of its wheat killer has. suffered neurological damage off the accidentally breathing in the now bad law so we killer in two thousand and four and santo is also facing thousands of lawsuits in the united states over exposure to ground up. now forget about cutting class today in. the government has shut down all high schools it's trying to quell this week's protests against massive cut to university grants. we want our scholarships chant these protesters and the people who come on this capital the students here angry about a new law that

the global economy is facing a delicate moment a warning from the international monetary fund its cut its global growth forecast for the year from three point five to three point three percent economists of the i.m.f. worry about the u.s. economy because of trade tensions in falls are lowered their growth outlook for the grocer and house germany is sputtering italy looks set to miss out on grove altogether. this one's going to be for the people that's when you get me in private is the peter neil valid announcing a landmark natural gas deal today he says the thirteen billion dollar investment will benefit communities that say they've missed out on other projects will double energy production is one of asia's most impoverished nations but it's rich in natural resources. from a nissan boasts stone says he's the victim of a conspiracy he made the claims in a video recorded before his a rearrest last week on additional charges of financial misconduct and was credited for rescuing this on now he says his former colleagues are out to get him i mean a set of all the charges that have been bro

the global economy is at a "delicate moment" according to the international monetary fund.rowth is slowing down — and that the world economy faces many risks. this is bound to dominate the annual spring meeting between the imf and world bank. the imf boss christine lagarde has been telling darshini david about her concerns. it's a delicate moment because we we re it's a delicate moment because we were under the probable illusion that everything was fine, momentum was up, growth was in the air and i did saya was up, growth was in the air and i did say a year ago, when the sun is shining, that was growth. please fix the roof. that was structural reforms. forward one year and we have adjusted our growth forecasts. we are hoping for some improvement. do those risks expect those risks include anything from a hard brexit to renewed trade tensions. those are big clouds on the horizon. you examine the potential economic shock that could come through for various scenarios. where we are at the moment, we could also see prolonged uncertainty. how does that spill over into risks for th

gone to an official from the united states while the world bank's sister organization the international monetary fund is headed by a repeat. french finance minister brutal america says his country is sticking to its plans to introduce a digital tax on companies like facebook or apple despite opposition from washington the three percent levy would apply to high tech firms operating in france with an annual global turnover of more than seven hundred fifty million euros the european union says greece has fulfilled its reforms as part of its exit from its bailout program last summer so the block has now approved and nine hundred seventy million euro debt relief payment to athens the money consists mainly of east and b. and other eurozone central bank profits made on greek government bonds during the bailout period. european regulators have accused b.m.w. dialer and fox wagon of colluding to prevent competition on emissions cleaning technology delegations from the period between two thousand and six and twenty four team and come two years after raids were carried out on company premises the firms now have

three and a half percent last year but the outlook for this year is very different the international monetary fund for costs minus five point two percent is a lack of funds for investments how the anyone is prepared to lend to zimbabwe rapid inflation would eat that away anyway just a year ago inflation was in check but it's shot up to almost fifty seven percent and the situation is getting worse by the day the un reckons if a five million people are in danger of starvation well zimbabwe is trying to get back its white farmers many of whom moved abroad long ago some are now suing south africa for helping the gobby to suppress their case for compensation let's talk about that and the economy with privilege here e who's in the capital harare for us first of all zimbabwe's already offered white farmers some money for the investments they made on their seized properties but they want compensation for their land what's what's the chances what are the chances of them getting that from south africa. their case that the putting in the south african courts it is difficult for them it's an up task because y

see government has been playing along with the international legacy especially our last international monetary fund a lot of pressure on the country to let its. a list actor and. i want to such as that's actually it's your answer and lots of your regular ace in the crisis and rick three months until last month was actually getting up so early in this league and for person a lot of times we're seeing protests split subtle closing down roads on the main highway. and i just see teams that recently started paying back loans that the contractor just doesn't really happen and he asked them out for recognition so that puts a lot of strain on the national and especially as a country now needs a contractor actually be able to take back to you. as are you mentioned a few of the issues there what does the most important thing that the to measure the economy needs most urgently right now briefly if you. so of course it needs and asked around some also to rise through the number of tourists was national good and all know that a lot of that money actually goes towards pockets of being sure rather than saying tha

institutions say the global economy is in a delicate position that it needs handling with care the international monetary fund says the trade conflict between the us and china is to blame specifically we have looked at what might happen if tariffs on all goods traded between the u.s. and china went up by twenty five percentage point point that would entail a reduction of g.d.p. of point six percent for the united states. and one point five percent for china. do the math. it was a self-inflicted wounds that should be avoided in regards messages clearly aimed at american and chinese trade representatives in the weeks now they've been trying to find a solution to their simmering trade conflict the clock is ticking and international economists hope the trumpet ministration will heed the warning. now despite the i.m.f. warnings there is some good news to figures from the asian development bank shows asian economies posted steady growth in twenty eighteen despite many challenges however growth in the continent is expected to soft and to five point seven percent next year largely due to the trade dispute between the

the global economy is at a delicate moment, according to the international monetary fund — which now this year. let's go to our asia business hub where shara njit leyl is following the story. so how are the world's two most populous nations likely to fare in 2019? reasonably well still, as you mentioned the fund is projecting the slowdown. got the slowdown for 70% of the global economy, having said that, china and india is amongst them, they're expecting 6.3% growth for the world ‘s second—largest economy, that is of course, china. but also to 6.1 next year and chief concerns include the trade war with the us. the organisation acknowledges the policy response globally might help cushion the impact ofa globally might help cushion the impact of a slowdown. china has ramped up its fiscal and natural stimulus to try and counter the negative effects. they said the outlook for these trade tensions have improved as the prospect of the trade agreement take shape. for india on the other hand, they predict robust growth of 7.3% this year, expanding to seven and a half centre next year, that's

worried about this what about this congress next week the world bank is going to be there the international monetary fund surely they'll be able to french the numbers they will they've they've said that they think it's a good idea but at the same time they have warned about the debt issue that you mentioned about these countries being saddled with unsustainable debts so i imagine that what we'll see is they will try to be supportive but at the same time they'll also be keeping a close eye presumably on the situation because for transparency is a big question andrea how does southeast asia view this project. well ben for a lot of nations the p.r.i. is an extension of an already you healthy and robust relationship that we have with china and many of these emerging markets that need the kind of money that china has but lately there has been a lot have been a lot of complaints as to how china is leveraging on the b r i agenda common complaints that include a falling into debt traps unsafe. contracts as well as diplomatic concerns with china gaining ground on territorial waters for example and what do you mak