PARIS: The world as a whole has been jolted by the war in Ukraine, according to the OECD, which cut almost all growth forecasts for the Group of 20 next year while anticipating further interest-rate hikes too.
The global economy will expand just 2.2% in 2023, the Paris-based organization said Monday. The new projection for the year means output will be $2.8 trillion less than officials had predicted at the end of 2021.
