World economy to slow, 'paying the price of war'

World economy to slow, 'paying the price of war' - OECD

By Agence France-Presse

Sep 26, 2022 5:04 pm

PARIS: The world economy will take a bigger hit than previously forecast next year due to the effects of Russia's war in Ukraine, the OECD said Monday.

In a bleak report titled 'paying the price of war', the Paris-based organization noted that the conflict aggravated inflationary pressure when the cost of living was already rising quickly.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

117 senatorial bets get 'nuisance' tag

Tuguegarao still submerged

Marcos tells govt agencies: Avoid lavish Yule parties

Burst dike leaves farmers under water

714 LGUs get good governance award

Serving Filipinos my top priority – Go

Probe into 'illegal' money transfers pushed anew