BBCNEWS Talking Business June 4, 2024 02:37:00
Well, for sure we would see recessionary signs in europe. europe is the most dramatically hit by the war. russia still carries on against ukraine. we would see tough times in emerging markets where the combined impact of high interest rates and depreciation of local currencies, when especially they in conditions of high debt, is dramatic. in other words, you look at countries like sri lanka, like pakistan, they are faced with very difficult conditions and we don't quite yet know how the us is going to go through the year. at this point we think the us may avoid falling into recession. basicall...