2023-12-05 11:02:49
BERLIN – The Organization for Economic Co-operation and Development (OECD) unveiled its annual World Economic Outlook report in Paris, saying economic growth will remain weak due to inflation. Especially in Europe. Geopolitical differences, war, digitization and climate policy are all considered factors that are weakening the global economy.
The conflict between Israel and Hamas is another threat to the global economy, the OECD said. The broader picture for the world economy over the next two years is a moderate slowdown. By 2025, the central bank will return to its target of overshooting inflation.
Persistent inflation and rising consumer prices will hold back economic growth. Meanwhile, rising incomes and falling interest rates are seen as driving factors. Global economic growth in 2023 will be 2.9%. Overall, growth in developing economies is expected to outpace industrialized countries.
English Summary:
Inflation Threat; The world economy is in recession
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