Representatives of the Organization for Economic Cooperation and Development reported a “fragile” recovery from the coronavirus pandemic and the intensifying crisis in Ukraine.
The OECD predicted that global GDP growth from 2.6% this year will rise to 2.9% next year. Organization representatives predicted that the long-term risks related to energy supply and inflation would decrease in the coming months. The fastest growing economy in the world this year will be China – its growth will be 5.3%. For comparison, Xinhua writes that the US GDP growth rate will be 1.5% in 2023 and 0.9% next year.
Earlier, the Ministry of Economy of Ukraine released February data on the decline in economic growth. The Ukrainian economy’s decline last month was 26%, but in January this year it was 32%.
Source: Riafan
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