Published 11 months ago

OECD: Global economy on mend but recovery will be weak

The OECD has forecasted a weak global economic recovery from the impacts of COVID-19 and Russia's war in Ukraine, with the US, Euro area, and China all experiencing sluggish recoveries.
Persistent inflation and restrictive policies from major central banks pose a challenge for policymakers, who need to react to strong core price pressures while avoiding overly hurting growth.
The OECD has urged central banks to remain restrictive and even raise rates further if needed until there are clear signs that underlying inflationary pressure is durably reduced, and recommended a targeted approach to fiscal support for households to limit the demand pressures that stoke inflation.

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The Washington Post

World economy set for weak inflation-plagued recovery, OECD warns

The global economy is set for a weak recovery from the shocks of COVID and Russia's war in Ukraine, dogged by persistent inflation and the restrictive policies of major central banks seeking to contain price pressures, the OECD said.

11 months ago

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Financial Post

World Economy Set for Weak Inflation-Plagued Recovery, OECD Warns

(Bloomberg) — The global economy is set for a weak recovery from the shocks of Covid and Russia’s war in Ukraine, dogged by persistent inflation and the restrictive policies of major central banks seeking to contain price pressures, the OECD said.

11 months ago·Canada

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Bloomberg

World Economy Set For Weak Inflation-Plagued Recovery, OECD Warns

The global economy is set for a weak recovery from the shocks of Covid and Russia’s war in Ukraine, dogged by persistent inflation and the restrictive policies of major central banks seeking to contain price pressures, the OECD said.

11 months ago·United States

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The West Australian

World economy set for weak inflation-plagued recovery: OECD

The global economy is set for a weak recovery from the shocks of COVID-19 and Russia’s war in Ukraine, dogged by persistent inflation and the policies of major central banks seeking to contain price pressures.

11 months ago

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UPI

OECD: Global economy on mend but recovery will be weak

The Organization for Economic Cooperation and Development on Wednesday forecast that while the global economy has bottomed out, its recovery will likely be weak.

11 months ago·Washington, United States

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