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The Guardian - UK
The Guardian - UK
Business
Larry Elliott

World Bank and IMF gathering underscores a bleak global outlook

Russian strike hits government building, Mykolaiv, Ukraine
With no end in sight to the Russian war in Ukraine, Europe’s poorest country will suffer dire consequences. Photograph: Louai-Barakat/Sipa/Rex/Shutterstock

In Washington it was the week of the four Ws – war, walkouts, weakness and warnings. Some half-yearly get-togethers of the International Monetary Fund and the World Bank are dull, easily forgettable affairs; this was not one of them.

The first W – the war in Ukraine – dominated the meetings and could well dominate the next gathering of the two institutions in the autumn as well. Despite pleas for the fighting to stop, there is no sign of that happening.

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