OECD Slashed down the economic outlook and predicted inflation rates double in developed countries - YouTube

The forecasts of the bleak economy come after another this week. On Wednesday, the Organization for Economic Cooperation and Development has become the latest international institution to cut its predictions for global growth this year, as Russia and Ukraine conflict exacerbated the oil and food crises, significantly impacting global economic growth and inflation this year. The OECD, representing 38 countries in this world including most of the world’s advanced economies, expects the global economy to expand 3% in 2022, down from the 4.5% it predicted in December. Inflation is forecast at nearly 9% for the organization’s member countries, nearly double the previous estimate. With double-digit inflation, many Baltic countries are anticipated to do worse. SMG News、 Ziwen Lyu, Meixing Ren Contributed this article __________________ Powered by Shanghai Media Group, ShanghaiEye focuses on producing top-quality content for Facebook, Twitter, Instagram and Youtube. Nobo