According to the OECD, the organization of industrialized nations, the prospects for the global economy are clouding over in view of the Russian war of aggression against Ukraine. According to the Organization for Economic Cooperation and Development (OECD), economic growth will only be 2.2 percent in 2023. That is significantly less than expected before the war. The OECD expects growth of 3.1 percent for the current year. In 2024, growth is then expected to rise to 2.7 percent. Asia will be the main driver, while Europe, North America and South America will only grow very slowly. In the euro zone, growth will shrink to 0.5 percent in the coming year; In 2024 it is expected to rise to 1.4 percent. It’s similar in the US. According to the OECD, however, the prospects are uncertain. If there are energy bottlenecks on the markets, growth could be even weaker.
Economy – OECD: Less Growth – Economy
