The world’s financial and economic elite are descending on Washington DC.

In a series of high level meetings, there are warnings from the International Monetary Fund that the energy crisis is going to mean (at the very least) lower growth and higher inflation.

And in a severe scenario, a continued energy supply crunch could see the world stumble into its third recession of this century.

Carrington Clarke and ABC Business Reporter Steph Chalmers break it all down on ABC Business Daily.

If you’re curious about the politics behind the IMF meeting, tune into today’s Politics Now episode with Patricia Karvelas and David Speers.

Got a burning business question?

Send a short voice recording to Carrington and the team at abcbusinessdaily@abc.net.au