The International Monetary Funs is warning that the war in Ukraine and surging inflation are "clear and present dangers" to the global economic recovery from the COVID19 pandemic. The IMF has slashed its global forecasts by nearly a full percentage point adding that rising prices for food and energy could trigger social unrest particulary in poorer countries. Analysis from the ABC's senior business correspondent Peter Ryan.
Featured: Pierre-Olivier Gourinchas, IMF chief economist; Peter Ryan, ABC.