OECD forecast: High rates, inflation to slow world growth

Global Economic Growth to Slow to 2.2 pct in 2023: OECD

Global gross domestic product (GDP) growth is rising 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.

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.

Economic agency’s forecast: High rates, inflation to slow world growth

The Organization for Economic Cooperation and Development expects the United States' economy to grow just 0.5 percent next year.

Global economy to slow down in 2023, may grow 3.1 per cent this year: OECD

On Tuesday, the Paris-based Organization for Economic Cooperation and Development (OECD) released its latest forecast on the global economy and projected just a 3.1 per cent growth for 2022, a sharp decline from the 5.9 per cent witnessed last year. The report comes amid mounting challenges including the worst energy crisis since the 1970s, the Russian invasion of Ukraine, pushing inflation, high-interest rates and so on.

Global growth is expected to slow to 3.1% in 2022, then to 2.2% in 2023, according to the OECD

“The global economy is experiencing its worst energy crisis since the 1970s,” said the interim chief economist of the OECD, Alvaro Santos Pereira.

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