Published 2 years ago

War in Ukraine set to lower global economic growth and further exacerbate inflation, OECD warns

Summary by Ground News

Growth in the European Union will be hardest hit, with a decline of 1.5 per cent in GDP. The United States is expected to fare better, with an impact of around 0.8 per cent. Canada is an energy net exporting country and a wheat exporter, so for Canada, the effect is similar or more muted.

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The Guardian

OECD says Ukraine war means governments must help households with rising bills

Leading thinktank raises global inflation forecast to 7.5% as cost of food staples, minerals and energy soars

2 years ago·London, United Kingdom

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Reuters

Ukraine crisis could cut 1% off global growth this year

The Ukraine crisis could knock more than a percentage point off global growth this year and add two and a half percentage points to inflation, the OECD estimated on Thursday, calling for targeted government spending hikes in response.

2 years ago·United Kingdom

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Associated Press News

War in Ukraine will take global economic toll, group warns

Russia's war in Ukraine will disrupt commerce and clog up supply chains, slashing economic growth and pushing prices sharply higher around the globe, the Organization for Economic Cooperation and Development

2 years ago·United States

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Global News

Global economy will suffer from Russia’s war on Ukraine, OECD warns - National

Russia’s war in Ukraine will disrupt commerce and clog up supply chains, slashing economic growth and pushing prices sharply higher around the globe warns OECD.

2 years ago·Toronto, Canada

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abc News

War in Ukraine will take global economic toll, group warns

The Organization for Economic Cooperation and Development is warning that Russia's war in Ukraine will disrupt commerce and clog up supply chains, slashing economic growth and pushing prices sharply higher around the globe

2 years ago·United States

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Irish Independent

War in Ukraine will take global economic toll, OECD warns

Russia’s war in Ukraine will disrupt commerce and clog up supply chains, slashing economic growth and pushing prices sharply higher around the globe, the Organisation for Economic Co-operation and Development (OECD) has warned.

2 years ago·Ireland

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