OECD forecast: High rates, inflation to slow world growth

Summary by Associated Press News

Hobbled by high interest rates, punishing inflation and Russia’s war against Ukraine, the world economy is expected to eke out only modest growth this year and to expand even more tepidly in 2023.

Published 2 months ago · New York, United States

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Times of India

Europe to be hit hardest in global slowdown -OECD

"Our central scenario is not a global recession, but a significant growth slowdown for the world economy in 2023, as well as still high, albeit declining, inflation in many countries," acting OECD chief economist Alvaro Santos Pereira said in the organisation's latest Economic Outlook.

2 months ago·Mumbai, India

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Reuters

Europe to be hit hardest in global slowdown -OECD

The global economy should avoid a recession next year but the worst energy crisis since the 1970s will trigger a sharp slowdown, with Europe hit hardest, the OECD said, adding that fighting inflation should be policymakers' top priority.

2 months ago·United Kingdom

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CTV News

High rates, inflation to slow world growth: OECD forecast

Hobbled by high interest rates, punishing inflation and Russia's war against Ukraine, the world economy is expected to eke out only modest growth this year and to expand even more tepidly in 2023.

2 months ago·Toronto, Canada

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Associated Press News

OECD forecast: High rates, inflation to slow world growth

Hobbled by high interest rates, punishing inflation and Russia’s war against Ukraine, the world economy is expected to eke out only modest growth this year and to expand even more tepidly in 2023.

2 months ago·United States

Read Full Article

abc News

OECD forecast: High rates, inflation to slow world growth

Hobbled by high interest rates, punishing inflation and Russia’s war against Ukraine, the world economy is expected to eke out only modest growth this year and to expand even more tepidly in 2023

2 months ago·United States

Read Full Article

The Star Kuala Lumpur

Global economic growth to slow to 2.2 pct in 2023: OECD

PARIS, Nov. 22 (Xinhua) -- Global gross domestic product (GDP) growth is projected to slide from 3.1 percent this year to 2.2 percent in 2023, the Organization for Economic Co-operation and Development (OECD) said in its latest Economic Outlook on Tuesday. Read full story

2 months ago·Malaysia

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