World Economic Forum warns of risk of global economic recession

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World Economic Forum warns of risk of global economic recession

STORY: World Economic Forum warns of risk of global economic recession DATELINE: May 26, 2022 LENGTH: 00:02:05 LOCATION: DAVOS, Switzerland CATEGORY: ECONOMY SHOTLIST: 1. various of street views, World Economic Forum events and participants 2. STANDUP (English): FU YIMING, Xinhua correspondent 3. SOUNDBITE (English): BORGE BRENDE, World Economic Forum President STORYLINE: STANDUP (English): FU YIMING, Xinhua correspondent "A number of government officials and economists attending the annual meeting of the World Economic Forum warned that due to factors such as geopolitics and the COVID-19 pandemic, global economic activities are expected to decrease this year, inflation to rise, real wages to decline, and food insecurity is expected to increase. Experts say, the pandemic and the Russia-Ukraine conflict would have a profound impact on the world economy and may wipe out the gains of the past years. They predict that the world economy faces the risk of recession, especially the economic performance of the Eu

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