IMF declares global recession and doubles the size if its financial war chest

FILE - Ukrainian soldiers fire at Russian positions from a US-supplied M777 howitzer in Kherson region, Ukraine, 9 January, 2023.

Now playing Next

Russian forces gain ground in eastern Ukraine

Latest news bulletin | April 23rd – Evening

Now playing Next

Latest news bulletin | April 23rd – Evening

Firefighters work on the site of a burning building after a Russian drone attack in Odesa, Ukraine.

Now playing Next

Watch: Russia strikes batter Odesa, injuring at least nine civilians

Snowstorm causes chaos on German highways

Now playing Next

Snowstorms cause havoc on German motorways

Russian ship sailing in Sevastopol harbour in Crimea (Russian Defense Ministry Press Service via AP, File)

Now playing Next

Ukraine damage Russian ship in Crimea

In this photo provided by the Dnipropetrovsk Regional Military Administration, a view of the damage after Russia's attack on residential building in Dnipro, Ukraine, Friday,

Now playing Next

Russian missiles hit the Dnipro region in Ukraine

People took to the street in the Canary Islands to protest unsustainable tourism

Now playing Next

Thousands protest in Canary Islands over 'unsustainable' mass tourism

Former President Donald Trump arrives at Manhattan criminal court in New York

Now playing Next

Man sets himself on fire outside Trump trial courthouse in New York

EU foreign policy chief Josep Borrell (left) meets Ukraine's Volodymyr Zelenskyy in February 2023

Now playing Next

EU Policy. MEPs call to seize Russia’s hundreds of billions in frozen assets

Santiago Abascal, leader of far-right Vox Party, addresses supporters outside the party headquarters after the announcement of the general election first results, in Madrid.

Now playing Next

Will Vox benefit from the rise of Europe's extreme right?

A worker packages spools of cotton yarn at a textile manufacturing plant, as seen during a government organized trip for foreign journalists, in Aksu in China's Xinjiang

Now playing Next

EU to ban forced-labour products in move mostly targeted at China

The accredited assistant of MEP Maximilian Krah has been arrested over suspicions of espionage.

Now playing Next

After Russiagate, MEPs rush to denounce emerging Chinagate

Updated: 28/03/2020 - 14:24

Video. IMF declares global recession

The IMF has declared a global recession and urged countries in need of financial help to request it sooner rather than later

Read full article

More from world news

Student protesters at pro-Palestinian demonstration at Columbia University campus in New York, Monday, April 22, 2024. (AP Photo/Stefan Jeremia

Now playing Next

Pro-Palestinian protests sweep US college campuses after arrests

People stage a protest on 'International Safe Abortion Day', Milan, Wednesday, Sept. 28, 2022.

Now playing Next

Italy moves closer to allowing anti-abortion activists inside clinics

A woman looks among the bodies found in a mass grave in Khan Younis

Now playing Next

283 bodies found in mass grave in Khan Younis

Activists supporting Ukraine demonstrate outside the Capitol in Washington DC

Now playing Next

Biden says military aid on way to Ukraine after Senate approval

Latest video

Péter Magyar, the former husband of one-time justice minister and Orbán ally Judit Varga holds a smoke-candle after his speech on Hungary's National Day in Budapest on Friday,

Now playing Next

Hungarian government targets former Fidesz ally in elections campaign

Math teacher Margie Howells teaches a fifth grade class at Wheeling Country Day School in Wheeling, W.Va., on Sept. 5, 2023.

Now playing Next

Made in Europe: AI company aiming to solve the teacher shortage crisis

Humanitarian aid is airdropped to Palestinians over Gaza City, Gaza Strip on March 25, 2024

Now playing Next

UNRWA report says no evidence from Israel of terror links

The European elections will take place 6-9 June 2024

Now playing Next

European elections: Top tips to avoid misinformation

Party of European Socialists (PES) lead candidate for the upcoming European Union elections Nicolas Schmit attends a German Social Democratic Party (SPD) leadership meeting.

Now playing Next

EU elections: European Socialists' lead candidate holds talks with SPD

European Parliament President Roberta Metsola, 22 April 2024

Now playing Next

Parliament could lift MEP immunity in Russian influence probe: Metsola

Watch: The ghost-busting couple clearing the ocean of abandoned fishing nets

Now playing Next

Watch: The ghost-busting couple clearing the ocean of abandoned fishing nets

IN PARTNERSHIP WITH MEDIA CITY

Mike Pence: Russian aggression poses 'serious threat' to Europe

Now playing Next

the global conversation

Mike Pence: Russian aggression poses 'serious threat' to Europe

The EU has decided to tighten sanctions on Iran to curtail the production of missiles.

Now playing Next

EU agrees new Iran sanctions to curtail drone and missile production

What are the health risks of working during a heatwave?

Now playing Next

What are the health risks of working during a heatwave?

IN PARTNERSHIP WITH COPERNICUS

A Ukrainian serviceman with the 65th Brigade walks to his armored vehicle at the frontline in Zaporizhzhia region, Ukraine, Sunday, April 21, 2024.

Now playing Next

Large-scale Russian offensive expected soon in Ukraine: ISW

High Representative Josep Borrell chaired the joint meeting of foreign and defence ministers in Luxembourg.

Now playing Next

Patriots for Ukraine: Calls grow for EU countries to step up donations

The best of Milan Design Fair 2024

Now playing Next

Take a look at the best of Milan Design Fair 2024

British Prime Minister Rishi Sunak speaks at a press conference at Downing Street, in London

Now playing Next

First deportation flights to Rwanda set to leave UK in a few months

The secret service's lettering is on one of the entrances to the headquarters of the German Federal Intelligence Service (BND) in Berlin, Germany, Dec. 22, 2022.

Now playing Next

Three Germans arrested on suspicion of spying for China

Sarina Horner, a 17-year-old senior at Forsyth Country Day School, holds a fistful of tampons as she sits for a portrait on her bed on Monday, Feb. 14, 2022, in Lewisville NC.

Now playing Next

Period poverty still a problem within the EU despite tax breaks