OECD: EU Ban On Russian Crude Is Causing A Significant Negative Economic Effect ...Middle East

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OECD: EU Ban On Russian Crude Is Causing A Significant Negative Economic Effect
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Russia's war in Ukraine is causing a significant negative effect on the global economy and is pushing inflation higher and for longer, Mathias Cormann, Secretary-General of the Organization for Economic Co-operation and Development (OECD), told CNN, commenting on the organization’s latest economic outlook released this week.   The OECD does not expect a recession in Europe due to the war that sent energy prices sky-high, but the group has made a significant downward revision to economic growth, including in Europe, Cormann said. The…

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