PARIS: The world economy will take a bigger hit than previously forecast next year due to the effects of Russia's war in Ukraine, the Organization for Economic Cooperation and Development (OECD) said Monday.

In a bleak report titled "paying the price of war," the Paris-based organization noted that the conflict aggravated inflationary pressure when the cost of living was already rising quickly.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details