OECD: the crisis could take more than 1 percentage point of the global economy’s growth this year

By: Trademagazin editor Date: 2022. 03. 17. 11:10

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The war in Ukraine could take more than a percentage point of the world’s economic growth this year and drop inflation by two and a percentage point.

World economy loses at least 1 percent of growth due to war

In its first assessment by the Organization for Economic Co-operation and Development (OECD) of the economic and social impact and political consequences of the war in Ukraine, Russia’s invasion caused a humanitarian crisis in Ukraine, destroying lives, homes and infrastructure while disrupting the global economic recovery, after the pandemic. (MTI)