Global gross domestic product (GDP) growth is projected to slide from 3.1 percent this year to 2.2 percent in 2023, the Organization for Economic Co-operation and Development (OECD) said in its lat…
Global gross domestic product growth is projected to slide from 3.1 percent this year to 2.2 percent in 2023, the Organization for Economic Co-operation and Development said in its latest Economic Outlook on Tuesday.
“Asia will be the main engine of growth in 2023 and 2024, whereas Europe, North America and South America will see very low growth,” it said. “Held back by high energy and food prices, weak confidence, continuing supply bottlenecks and the initial impact of tighter monetary policy, annual growth in the euro area in 2023 is projected to be 0.5 percent,” the organization said.The energy markets remain among the significant downside risks.
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