Tue, 21-Oct-2025

The OECD warns of a “hefty” economic cost of the Ukraine conflict

The OECD

The world economy will pay a “hefty price” for the war in Ukraine encompassing weaker growth; stronger inflation and potentially long-lasting damage to supply chains. The Organisation for Economic Co-operation and Development has warned. The world economy will pay a “hefty price” for the war in Ukraine, a global economic group has warned. The war … Read more

OECD lowers world GDP forecast; terms vaccination key

Budget 2021-22 GDP growth rate set

PARIS: The OECD lowered the world’s economic growth outlook for 2021 on Wednesday and called for a swifter rollout of Covid vaccines, fearing the emergence of “breeding grounds” for deadlier strains. The global economy is now expected to expand by 5.6 per cent this year, down from an earlier forecast of 5.7 per cent, the … Read more