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Global economy disrupted by U.S. Fed rate hikes, experts say

STORY: Global economy disrupted by U.S. Fed rate hikes, experts say DATELINE: Oct. 3, 2022 LENGTH: 0:03:07 LOCATION: Beijing CATEGORY: POLITICS/ECONOMY SHOTLIST: 1. SOUNDBITE 1 (English): AADITYA MATTOO, World Bank East Asia and Pacific Chief Economist 2. SOUNDBITE 2 (Arabic): KHALED EL SHAFEI, Egyptian economic expert and professor at the Faculty of Commerce at Cairo University 3. SOUNDBITE 3 (Turkish): MUSTAFA SONMEZ, Economist and writer in Türkiye STORYLINE: The U.S. Federal Reserve (Fed) raised the interest rate by 75-basis-point three times so far this year as the U.S. seeks to rein in inflation. Economists say that the U.S. tight monetary policy has resulted in more social and economic risks, particularly for developing countries and emerging markets. SOUNDBITE 1 (English): AADITYA MATTOO, World Bank East Asia and Pacific Chief Economist "I think the (U.S.) Fed's response to higher inflation in the United States in terms of faster than expected tightening of monetary policy and increases in intere

Global economy disrupted by U.S. Fed rate hikes, experts say

Ismail El Shafei