Europe to be hit hardest in global slowdown - OECD

The Organisation for Economic Cooperation and Development (OECD) says the global economy should avoid a recession next year but the worst energy crisis since the 1970s will trigger a sharp slowdown, with Europe hit hardest.

The OECD said fighting inflation should be policymakers' top priority.

In its latest Economic Outlook, the OECD forecast that world economic growth would slow from 3.1% this year - slightly more than it foresaw in its September projections - to 2.2% next year, before accelerating to 2.7% in 2024.

comments powered by Disqus
More Stories
Most Popular
STATHS surprise KC to book Manning Cup final...
Hall steps down from Scotia Group board
Policeman arrested following fatal shooting...