Published 2 years ago

Energy, inflation crises risk pushing big economies into recession

Summary by Ground News

OECD projects eurozone economic growth would slow from 3.1 per cent this year to only 0.3 per cent in 2023. That implies the 19-nation shared currency bloc would spend at least part of the year in a recession. The OECD warned that further disruptions to energy supplies would hit growth and boost inflation, especially in Europe.

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Reuters

Energy, inflation crises risk pushing big economies into recession

By Leigh Thomas PARIS - Global economic growth is slowing more than was forecast a few months ago in the wake of Russia's invasion of Ukraine, as energy and inflation crises risk snowballing into recessions in major economies, the OECD said on Monday. While global growth this year was still expected at 3.0%, it is now projected to slow to 2.2% in 2023, revised down from a forecast in

2 years ago·United Kingdom

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Channel News Asia

Energy, inflation crises risk pushing big economies into recession: OECD

The OECD cut its world economic forecast next year due to the impact of Russia's war in Ukraine.

2 years ago·Singapore

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RTÉ

Inflation risk pushing economies into recession

Global economic growth is slowing more than was forecast a few months ago in the wake of Russia's invasion of Ukraine, as energy and inflation crises risk snowballing into recessions in major economies, the OECD said today.

2 years ago·Ireland

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OAN

Energy, inflation crises risk pushing big economies into recession – OECD – One America News Network

By Leigh ThomasPARIS (Reuters) – Global economic growth is slowing more than was forecast a few months ago in the wake of Russia’s invasion of Ukraine, as energy and inflation crises risk snowballing into recessions in major economies, the OECD said on Monday.While global growth this year was still expected at 3.0%, it is now projected to slow to 2.2% in 2023, revised down from a forecast in June of 2.8%, the Organisation for Economic Cooper…

2 years ago·San Diego, United States

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