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The OECD forecasts a sharp contraction of the world economy in 2023

by Alexandra Hartman Editor-in-Chief

The Organization for Economic Co-operation and Development (OECD) has revised downwards its forecasts for growth of the world economy, degraded by the more lasting consequences than anticipated of the war in Ukraine. In a report published on Monday, September 26 and entitled “the price of war”, it announces a drop in global GDP growth forecasts from 2.8% to 2.2% with a sharp drop in production. The OECD warns that the world will pay the price for the war in Ukraine, by announcing a sharper than expected deterioration in the world economy in 2023. Also caused by


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