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BBCNEWS World Business Report July 6, 2024

it s three years today since chinese state media reported the first recorded death from covid 19. since then the global economy has been under intense pressure, and now the world bank is warning it is close to falling into recession. in its latest economic forecast, the bank said after surging by over 5% in post pandemic 2021, growth in the world s richest economies is likely to slow sharply from 2.5% last year to just 0.5% this year, and debt caused by the pandemic will take decades to pay off. the bbc s north america business correspondent samira hussain reports from new york. the from new york. world bank expects the global the world bank expects the global economy to grow by 1.7% this year, much lower than the 3% originally predicted by the world bank back injune. now, a number of factors are being blamed. the continued war in ukraine continues to put pressure on global energy prices, and interest rates are rising in many economies to combat the high cost of living. ....

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BBCNEWS World Business Report June 4, 2024 05:40:00

Stick together and fight off the aggression from these authoritarian states.- the aggression from these authoritarian states. good to talk to yom authoritarian states. good to talk to you. thank authoritarian states. good to talk to you. thank you - authoritarian states. good to talk to you. thank you for i authoritarian states. good to i talk to you. thank you for your take on his current tour of g7 countries. the cryptocurrency platform coinbase has announced it will cut 20% of its workforce, just under 1,000 people, as part of a restructuring plan. it is the latest crypto company to anounce extensive job cuts this year, following rival exchange huobi and the crypto focused us bank silvergate, as the crisis in the industry deepens. it is leading some analysts to talk about crypto contagion, with a crisis of confidence affecting the industry. joining me now is marc 0stwald, chief economist and global strategist at adm isi. good morning, and happy new year to you, marc. year to yo ....

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