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Ukraine War’s Global Economic Impact to Hit Poorest Hardest, OECD Says
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wsj.comRussia’s invasion of Ukraine will be felt by households around the world through higher energy and food prices, with disruptions to trade and fragile confidence contributing to a significant weakening of global economic growth, the Organization for Economic Cooperation and Development said Thursday.
The Paris-based research body calculates that global economic growth will be 1.1 percentage points lower, and inflation just short of 2½ points higher than if the invasion had not taken place. In late 2021, the OECD forecast the global economy would grow by 4.5% this year, and consumer prices would rise by 4.2%.
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