Ukraine war to drag on economy into 2023: OECD
Financial Express Mumbai|September 27, 2022
RUSSIA'S WAR IN Ukraine and the lingering effects of the Covid-19 pandemic are dragging down global economic growth more than expected and driving up inflation that will stay high into next year, the Organization for Economic Cooperation and Development (OECD) said Monday in a darkening outlook.
CATHERINE GASCHKA
Ukraine war to drag on economy into 2023: OECD

The Paris-based organisation projects worldwide growth to be a modest 3% this year before slowing further to just 2.2% next year, representing around $2.8 trillion in lost global output in 2023.

The war in Ukraine has driven up food and energy prices worldwide, with Russia a key global energy and fertiliser supplier and both countries major exporters of grain for millions of people worldwide.

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