World economy to slow, ‘paying the price of war’: OECD ...Middle East

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World economy to slow, ‘paying the price of war’: OECD
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 organisation noted that the conflict aggravated inflationary pressure when the cost of living was already rising quickly.Covid outbreaks are still having an impact on the global economy while growth has also been affected by rising interest rates as central banks scramble to cool red-hot prices, the OECD said.“A number of indicators have taken a turn for the worse, and the global growth outlook has darkened,“ the Organisation for Economic Co-operation and Development said in t

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