series of spring meetings with the world bank in washington this week stop it is also downgraded its overgrowth forecast for this year and exciting weaker performances in some leijer economies. our business reporter has been looking into this story for us and joins us now. always go to get you on the show. you have been sifting through the report, what are the projections?- report, what are the projections? they are predicting projections? they are predicting that - projections? they are i predicting that economic projections? they are predicting that economic growth this year maybe to next year 3%, that is a downgrade on what they had said injanuary about one tenth of a percentage point, in the medium term they have given the weakest forecast in more than 30 years. they say there is potentially a perilous combination of factors and that those far as could lead to economic crisis and they are calling there for for central bank around the world to keep tight monetary polic
inflation and high interest rates, and banking instability have contributed to this year s gloomy economic forecast stock but it is a global recession is not likely stop business reporter katie silver has been looking into this story for us and joins me now on the programme with the details. great to get you on the show. talk through what you have seen today. 50 talk through what you have seen toda . ~ ., , talk through what you have seen toda . ~ .,, , today. so the imf has seen it has been today. so the imf has seen it has been a today. so the imf has seen it has been a perilous - today. so the imf has seen it i has been a perilous combination of vulnerabilities and they are calling on central banks around the world to keep monetary policy tight and that means high interest rates in order to stave off dental economic crisis or a decrease in economic growth. so the fund has revised their forecast for this year and next, lowering both from what was predicted in january by
meetings with a washington this week. it also downgraded its global growth this year and deciding weaker than some academies for the pages been looking to this for the great to see you on this show. what have we heard to see you on this show. what have we heard from to see you on this show. what have we heard from the - to see you on this show. what have we heard from the irs i to see you on this show. “grief have we heard from the irs goes back they said their apparel is buying abilities that is for economic growth. it said it could lead to economic crisis as a result their calling on central banks around the world to keep tight monetary policy and that means you maintain high interest rates they say they ve actually given their they“ve actually given their forecast for the year and next. they loaded by about one tenth of a percentage point so about 2.8% global growth this year, 3% next year. that is determined on a number of factors and they say if things go sour or