OECD Secretary-General Matthias Corman at a press briefing [Photo Credit: Yonhap News] Russias war in Ukraine could cause global gross domestic product and GDP growth to fall by more than 1 percentage point, and inflation to rise by nearly 2 percentage points. The Organization for Cooperation and Development (OECD) predicted.
In its report on Economic and Social Impacts and Policy Implications of the Ukraine War on the 17th local time, the OECD said that it would cause significant delays and inflationary pressures on global growth in the short term.
The analysis assumes that the reaction of commodity and financial markets during the first two weeks of Russias invasion of Ukraine will continue over the next year. is playing an important supplier role in
Earlier, in December of last year, the OECD presented a global economic growth rate of 4.5% this year, and predicted that inflation will peak this year and fall to the global average of 3% by 2023.