Business world news – level 2

24-02-2023 07:00

These are some of the world’s most important business news of this week.

One year ago, Russia invaded Ukraine, which changed the global business and energy market, and inflation rose in many countries. Politicians and military leaders met in Munich, Germany, to discuss further help to Ukraine.

It seems that Europe may get out of recession because business activity is increasing. The European Central Bank is waiting for the latest data from stock markets. It will probably keep rising rates because inflation is very high.

In 2020, G20 countries agreed to change the debt payments of the poorest countries. This week, 20 finance ministers met to discuss debt payments of middle-income countries and the possibility of forgiving debts after the pandemic.

Difficult words: recession (a period of low business activity), stock market (a place where people or companies buy and sell parts of other companies), debt (money which someone owes and has to pay back).

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