kristalina georgieva, always a pleasure having you join me. thank you for your time. this? because just before the war in ukraine started, you warned the world economy was facing, and i quote, "a tough obstacle course this year because of the ongoing impact of coronavirus, the the pressures of rising prices and growing government debt levels." but since then, kristalina, we've got another major covid lockdown in china. look, i'm just wondering if the war in ukraine is an obstacle too far for the global economy. it is definitely a major factor for setback of the recovery. just to give you a sense as to how significant it is, we did downgrade our projections for growth for this year because of omicron from 4.9 to 4.4%. and now with the war hitting ukraine very severely, russia quite significantly, but also sending waves throughout the world, the downgrade is bigger. we went down to 3.6% for this year. and what is most significant is that in this round of downgrades, we actually are bringing our growth projections down for 143 countries. this is 86% of the world. and if

we are speaking next to imf managing director kristalina georgieva life from the world economic forum. this is bloomberg. ♪ tom: welcome back to the open, we are 15 minutes into the european training day. decent gains, gains of around 1.2 percent across european markets. a redhead crossing, the u.s. has unveiled a 13 nation economic impact to reassert its leadership in asia. this is an economic framework, the indo pacific economic framework, the united states and 12 nations in asia including australia, india and japan, where that u.s. president is currently meeting his counterpart. south korea and new zealand amongst those on the list, accounting for 40% of global gross domestic product. it is being framed and seen as a way to respond to china's influence in asia. this is the united states unveiling a 13 nation economic impact to reassert its asia leadership. president biden in the region. we will get more details with and their our team out of hong kong in the next 30 minutes or so. let's get back to francine in davos, she has an important interview for us. francine: i'm delighted to

you soo maria. >> hope to see you soon. >> exactly, we will see you soon thanks very much kristalina georgievaavos digit economy with ceo hewlett-packard enterprise next antÓnio neri is here you are watching "mornings with maria" live on fox business. . what if you were a global bank who wanted to supercharge your audit system? so you tap ibm to un-silo your data. and start crunching a year's worth of transactions against thousands of compliance controls with the help of ai. now you're making smarter decisions faster. operating costs are lower. and everyone from your auditors to your bankers feels like a million bucks. let's create smarter ways of putting your data to work. ibm. let's create say goodbye to daily insulin injections. omnipod is a tubeless, waterproof pod built to simplify life with diabetes. try it today. go to omnipod.com for risk information, instruction for use, and free trial terms and conditions. consult your healthcare provider before starting on omnipod. you know liberty mutual customizes your car insurance, so you only pay for what you need? like how i customized this sc

during war, now the monthly deficit of the state budget of ukraine is about 5 billion dollars kristalina georgievapromised to raise the issue of aid tomorrow during the meeting of the finance ministers of the g7 countries and emphasized that this support should come to ukraine as soon as possible. become paid on february 24, tolls in kyiv were canceled because the system worked in a limited mode. does the return of tolls mean that public transport will run without delays and the intervals between metro trains will be reduced , tsn correspondent iryna markevich learned, but first we have the opportunity to listen to the president of ukraine volodymyr zelensky evening address ukrainians ukrainian women our defenders and defenders the 82nd day of our defense is coming to an end is not an easy day, but this day, like all others, is directed precisely at what to protect our country and our people regarding the situation in mariupol, thanks to the actions of the ukrainian military armed forces of ukraine, the intelligence negotiating group of the international committee of the red cross and the oun, we

war, the current monthly deficit of the state budget of ukraine is about 5 billion dollars kristalina georgievaised to raise the issue of aid tomorrow during the meeting of the finance ministers of the g7 countries and emphasized that this support should come to ukraine as soon as possible from today public transport and parking in the capital will become paid february 24 the plateau for travel in kyiv was canceled because the system worked in a limited mode does the return of fares mean that public transport will run without delays and the intervals between metro trains will be reduced tsn correspondent iryna markevich i learned to pay the fare today , the tram driver doesn’t get tired of reminding andriy. you can pay for the fare every day through the kyiv digital application or with a transport card. passengers who had a travel ticket for march will automatically receive them in june. the authorities promise to make the transport system as convenient as possible . they did not leave, they said that more traffic had started to run, well, that is, the intervals are long enough, sometimes there

i have [inaudible] kristalina georgieva and i would like to turn to you to. empty georgieva, what are you seeing in terms of the macro impacts of the war, and what can the imf do to help countries protect the most food insecure populations? >> thank you very much, assistant secretary latortue, alexia, for moderating this discussion, i want to most sincerely thanks yellen for your focus on drawing food insecurity and for bringing your wealth gilbert and david for speaking before us with so much passion and substance. so what has russia's invasion of ukraine caused? a crisis on top of a crisis, with devastating human costs and a massive setback for the global economy. we just issued the world economic outlook. we protect project global growth to slow from 6.1% in 21 to 3.6% in 22, we below our january projection. we had downgraded our forecast for 143 countries. this represents 86% of global gdp. and very worrying we have recorded inflation by up reaching highest levels seen in decades. so, in economic terms, growth is down, inflation is up. in human terms, inc

although we have seen pushback from kristalina georgieva saying that we are not thinking about a globalsion. but definitely for slowdown. what assumptions are you making? pat: we definitely see a softening on the consumer side. haslinda: how much softening, can you give a #2 that? pat: meaningful. a number of-percentage point software. we were expecting the pc industry to beat up a couple of points this year, now it is may be down one point. so a meaningful swing. on the business side and commercial site, no change, continuing to have real strength in those areas of the market. with inflation concerns, tightening of monetary policy, the continuing supply chain challenges, things will be a bit choppy for a couple of quarters. haslinda: you're also reviewing where you produce your chips, in fact, you are making europe as well as the u.s. a priority. perhaps that message is resonating even more, given what we're seeing in china. how is that coming along? pat: well, we are only on the rebuilding, what we have called the geographically-balanced resilient supply chain. this industry was 80% i

concerns, including the chairwoman about the performance of the managing director of the imf, kristalina georgieva i have concerns about her qualifications, do you share those concerns? you have all the faith in the world in her leadership at the imf? >> i believe she has done a good job of guiding the imf. we have been very supportive of the work that the world bank did to look into the world bank doing business report. >> thank you, madam chair, i'm going to send to our oversight. madam chair, a letter requesting an investigation into the director of the imf. thank you. >> without objection, such as the order, thank you. we will now hear from the gentleman from colorado, mr. perlmutter. >> thank you, madam chair. madam secretary, good to see you. i want to give you the state of play of safe banking, which is the cannabis in banking. and you and i have had many conversations about this but i want you to understand where it is, and to put the muscle of the administration behind getting it passed. so, we have passed it out of the house now six times. most recently it was amended onto the america co