Organization for Economic Cooperation and Development (OECD) says Russia’s war in Ukraine will have a greater impact on the global economy than previously expected. The war is dragging down growth and putting additional upward pressure on prices, the OECD said. The report said that high inflation is persisting for longer than expected and that in many economies, inflation in the first half of 2022 was at its highest since the 1980s. The OECD said on September 26 that it had slashed its growth forecast to 2.2 percent in 2023 from 2.8 percent.Read Long Article
