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

nearly a third and the international monetary fund is trying and as the list of issues weighing on global trade always seems to be getting longer also on the program china is moving and shaking on the african continent again this time building and financing exports 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 rise. i'm chris cuomo good to have you with us. political instability in 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 the global economy is in a delicate position which need tumbling with care the world trade organization says global t

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

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 investors just seeing t

gun a an economy is going gangbusters the international monetary fund forecasts a growth rate of close to nine percent hard out china but how sustainable is a write like that. there's oil in ghana and they keep on discovering more but that's just one reason for the economic boom in the west african country. agree culture is also playing a role ghana is the world's second largest producer of cocoa beans and its government has invested heavily in this sector one program gave farmers access to seed and fertilizer that is giving a real boost to harvest yields. reforms have also helped gonna reduce its deficit. inflation is down into the single digits. the i.m.f. predicts growth in ghana will hit a scorching eight point eight percent in two thousand nine hundred nineteen. and it isn't the only african country whose economy is going fast on the other side of a continent if you o.p.'s projected to hit seven point seven percent growth while the i.m.f. says god his neighbor ivory coast could hit seven point five percent loss rates a much higher than those expected for china and india but

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 distress and for pol

that we've heard today from the international monetary fund. well there is the hope and the anticipation by the issue is that. some of these challenges being resolved. are not resolved. in the review which. would then hope that. they may not actually so yes there are potential that they can hope to shore up the growth rates by once the challenges still remain and then i'm afraid we will not be able to have them contributes i wanted to contribute. for us correspondent on african and global growth thank you. for taking landscapes jungle nigeria is a hike is paradise jury an association of travel agents reckons the tourism industry could even overtake the country's all important oil say the one day that sounds like a long hike. this is related venture seekers are climbing the top of khatami hill in the nigerian capital abuja. there are no trails marked out no sign posts no directions anywhere to be seen the government hasn't capitalized on the potential of hiking tourism just yet. unlike some of the guys here who have turned their hobby into a business. venture. like from what

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 of recession to see growth approaching three percent smaller countr

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 have all contributed to a significantly weaken

global economy that's according to the head of the international monetary fund who is warning that global growth is slowing christine legarde says the u.s. and china's trade war isn't helping john hendren imports now from washington d.c. with the i.m.f. and the world bank holding their annual spring meeting. 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 new 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 fu

the political winds of this washington. stay with us on the meeting of the international monetary fund and the world bank. this is bloomberg. ♪ 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

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 some one hundred others hoping for the chance to buy

domestic and foreign lenders this year alone the international monetary fund warning it is now the poorest country in all of europe. journalist brian mcdonald joyce me on the line are very good even often that's where voters make their decision with their pockets seems ukraine is no different. 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

international monetary fund world bank spring meetings kick off this week here in washington d.c. with presidential elections slated for late october in the south american nation the i.m.f. chairwoman christine legarde advised presidential candidates against stepping away from recent economic reforms that she claims will create growth heading into two thousand and twenty saying quote now that so much hard work has been done in a program where social protection has always been one of our three key priorities. it would be foolish on the part of any candidate to turn their back to the work that is underway in quote the i.m.f. estimates south america's second largest economy will will contract by one point two percent this year but will see growth in the second half of twenty nineteen followed by a two point two percent increase in two thousand and twenty the guard has a stake in the fight as argentina secured a fifty billion dollar financing package from the i.m.f. in june before securing an additional six billion dollars after asking for more in october. the economy shrank by three point

. 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

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. it's all coming up in the next half hour with chris covert stay tuned for that and don't forget you can always get news on the go just download our out from google play or from the apple store that will give you access to all the latest news from around the world as well as push notifications for any breaking news and also use the app to send us photos and videos. and of course you can get all our stories all this news just missions around the clock on our web site as a t w dot com thanks for being with us. sedating landscapes. mystical forests. a village tucked away in the mountains of law. allows on family cannot imagine any other world. gold their youngest son has set off for the distance city where he hopes to build himself a future. far from the village above the clouds. forty five minutes. what's the connection between bread but home and the european union he knows how to do corre

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 mean an

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 them up. the self-inflicted wounds the tribute void to the gods messages clearly aimed at american and chinese trade representatives in the weeks now they've been trying to find a solution to this simmering trade conflict the clock is ticking and international economists hope to trumpet ministration who heat the warning. all right for more let's bring in john milton my loan at the franklin stock exchange good morning to you janelle amid all the doom and gloom the market holding up. good morning monica well pretty well considering the docks appears poised to follow the lead of asian markets which of course have been boosted by optimism over a potential u.s. try

months and months — make is a no deal brexit. what do you make of what the international monetary fund is saying about the market power of a small group of global companies and they are the companies we would expect, google, amazon, apple, facebook. the imf is saying it is really concerned about how much dominance they have and what it does to innovation and small tech start—ups who just cannot get a look in? i think it is interesting what the imf has done because it would have been conspicuous if they had not said anything about the influence of a few companies. at the same time they actually did not name check any of those specific companies, but we all know which ones they are talking about. they are also trying to be quite balanced in that they said the rising market power in innovation had been positive, so they are trying to curb what they are saying. but they are saying if they continue to rise, there is going to be issues. we are seeing unintended consequences already. you already have issues about privacy, data usage, but their point is this could also affect central banks if y

sister organization the international monetary fund is headed by. french finance minister brule 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 market has now approved and nine hundred seventy million euro debt relief payment to athens the money consists mainly of east india 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 the allegations from the period between two thousand and six and twenty fourteen and come two years after raids were carried out on company premises the firms now have a chance to respond before the e.u. commission decides whe

moment" according to the international monetary fund. the organisation thinks growth 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 the uk economy? if th

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 that health costs are rising the 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 as monsanto responsible for the health problems of fungus and offer inhaling one of its weight killer has. suffered neurological damage off the accidentally breathing in the now banned lasso killer in two thousand and four and santa was also facing thousands of lawsuits of 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 these protesters and we put the capital the students here angry about a new law that limits access to scholarships at state universities

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 you look at south africa itself right now it is going through the same process that

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 of the pressure that they're putting on is pressure on the people their social level yes. 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 before us and. the i.m.f. has warned that inflation will drive prices even further in the country this year and that would drive many more were amiens into poverty this would have. an impact on social specially that the sanctions have led to an increase in inflation where.

guardian, the international monetary fund has warned that the market power of a small number of global tech companies threatens to stifle innovation and greater competition is needed. the mirror focuses on recent comments made by prince harry who has warned how social media is "more addictive than alcohol and drugs." his remarks were made only 2a hours after launching his own record breaking instagram page. the daily mail leads with an alarming headline claiming nearly one—in—six deaths are now linked to unhealthy eating in the uk, which is similar to the cost in lives resulting from smoking related diseases. and finally on the bbc website, dame helen mirren has criticised netflix as the debate over cinema and streaming services continues. the british actor, whose film roles include the queen and gosford park, was attending a cinema conference in las vegas when she used expletives to criticise netflix, and then saying "there's nothing like sitting in a cinema." you are saying it depends who is around you. we have eileen burridge here with us, good to see you. let's start with the m

international monetary fund donor funding was cut as a result private investors pulled their money to that set off a financial crisis for the already poor country and the reckoning is far from over where chang is to face charges is still unclear the us and mozambique are both waiting for the decision that can only be made by south africa's justice minister. zimbabwe is to stop paying compensation to white farmers who lost their land under former president robert mugabe's land reforms president to m.s.n. money and god was set aside seventeen and a half million dollars for the payouts the funds intended for farmers in financial distress land reform policies or some four and a half. thousand white farmers evicted from their land which was distributed to some three hundred thousand black families well the scheme sought to redress colonial leave area imbalances but it also spots the country's worst economic crisis. it was once considered africa's breadbasket now unemployment according to some figures is as high as ninety percent the man in the house is graham brave originally from zimba

next week the world bank is going to be there they're the international monetary fund surely they'll be able to crunch the numbers and 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 will also be keeping a close eye presumably on the situation for transparency is a big question andrea how does southeast asia view this project. well ben for a lot of a nation the p.r.i. is an extension of an already you healthy and robust relationship that we have that china and many of these are emerging markets that need the kind of money that china has but lately there has been a lot that have been a lot of complaints as to how china is leveraging on the b r i agenda a common complaints that include a falling into debt traps unfair. contracts as well as diplomatic concerns with china gaining ground on territorial waters for example and what do you make of

hit hard international monetary fund expects a runs recession to deepen saying the economy could for tracked by six percent. here in teheran people are exchanging reales 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. with this of course the country's revenues are going to drop and maybe the real value will drop as well and the endo the pressure that they're putting on this is pressure on the people the frustration level. you know you some people have fixed limited wages like us. when prices rose we had to change a lot of things.