The OECD says recovery is being held back by supply bottlenecks and labor shortages. Calling for swifter vaccinations, it warns growth could be further derailed by new variant omicron.

The revision comes as the post-pandemic recovery falters in advanced economies, including the US and Germany. The IMF has kept its growth forecast for 2022 unchanged but has warned of "dangerous" divergent recoveries.

The World Bank has downgraded its previous prediction for global growth in 2021 to 4 percent. The organisation warned of a subdued recovery that could lag even further if countries do not stem the rise in coronavirus infections and effectively deploy vaccines. The European Union is also starting to look ahead to how to spend its recovery fund – with the largest recipient, Italy, on the brink of political crisis.

Morris Reid, partner at Mercury, discusses U.S.-China trade negotiations and the outlook for the government shutdown.

Roger Ver, chief executive officer at Bitcoin.com, discusses if we've reached a floor on the recent selloff in bitcoin, his outlook for cryptocurrencies, regulation of the industry, Bitcoin cash and mainstream adoption.