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OECD predicts global growth in 2023

24 Nov 2022 17:13 reported by Hayley

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On November 22, the Organization for Economic Co-operation and Development (OECD) released an economic outlook report, predicting that the global economy will grow by 3.1% in 2022, and decrease to 2.2% in 2023, then increase by 2.7% in 2024.

Due to the energy shock triggered by the Ukraine crisis, global inflation was further stimulated, global risks are increasing, the global economic growth was expected to be slow.

According to the report, if energy prices rise further, or if the disruption of energy supply affected the gas and electricity business in Europe and Asia, global growth prospects could be weaker than expected.

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