Tech

The price of war: OECD warns of slowing growth, high inflation

Russia's invasion of Ukraine is derailing the global economy's recovery from the Covid-19 pandemic. The Organisation for Economic Cooperation and Development (OECD) is the latest to slash its global GDP growth forecast for 2022, from 4.5 percent projected in December to just 3 percent in its latest outlook. Driving that slowdown is the cost of living crisis that's impacting households and businesses around the world. For more, Kate Moody speaks to the OECD's deputy secretary-general and chief economist, Laurence Boone.

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending

Exit mobile version