Ukraine war: World Bank boss warns over global recession

The head of the World Bank has warned that Russia's invasion of Ukraine could cause a global recession as the price of food, energy and fertiliser jump.

David Malpass told a US business event on Wednesday that it is difficult to "see how we avoid a recession".

He also said a series of coronavirus lockdowns in China are adding to concerns about a slowdown.

His comments are the latest warning over the rising risk that the world economy may be set to contract. read more