OECD sees lower world growth due to Ukraine war’s ‘hefty price’ • FRANCE 24 English

FRANCE 24 English published this video item, entitled “OECD sees lower world growth due to Ukraine war’s ‘hefty price’ • FRANCE 24 English” – below is their description.

The OECD warned Wednesday that the world economy will pay a “hefty price” for Russia’s invasion of Ukraine as it slashed its 2022 growth forecast and projected higher inflation. The Paris-based organisation, which represents 38 mostly developed countries, is the latest institution to predict lower GDP growth due to the conflict, which has sent food and energy prices soaring.

#OECD #Globalgrowth #warinUkraine

🔔

FRANCE 24 English YouTube Channel

Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.


About This Source - FRANCE 24 English

The video item below is a piece of English language content from France 24. France 24 is a French state-owned international news television network based in Paris.

Recent from FRANCE 24 English:

Private video

Ivorian president ouattara pardons predecessor gbagbo to boost ‘social cohesion’ • france 24 2

Ivorian President Ouattara pardons predecessor Gbagbo to boost ‘social cohesion’ • FRANCE 24

Israel kills second Islamic Jihad leader, Gaza death toll mounts • FRANCE 24 English

In This Story: France

France is a republic and the largest Western European nation. Through expansion and colonisation in the 17th and 18th centuries France became a great power and still retains territories around the world. It has a seat on the UN security council and is the world’s fourth most wealthy country with a high standard of living and strong cultural identity.

6 Recent Items: France

Does it matter how young or old our politicians are?

Impact inflation, living costs have on birth rates and Canadians on parental leave

Global National: Jan. 19, 2024 | Health data shows influenza, COVID-19 cases decreasing in Canada

Tempers FLARE: SLY France ‘could SOLVE illegal immigration in a heartbeat’

Uganda, Gaza, Syria, Red Sea, & other topics – Daily Briefing (18 January 2024) | United Nations

Israel-Gaza: Aid package delivered to people in Gaza | BBC News

In This Story: Inflation

In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

5 Recent Items: Inflation

Red Sea tension upsets Yemeni fishermen’s livelihood

Impact inflation, living costs have on birth rates and Canadians on parental leave

Davos 2024: Biggest Takeaways From the World Economic Forum

Fed rate cuts: Labor data will make ‘last mile less difficult’: Economist

Trump Back in White House? Lagarde Says ‘Let Me Have Some Coffee’

In This Story: OECD

The Organisation for Economic Co-operation and Development is an intergovernmental economic organisation with 38 member countries, founded in 1961 to stimulate economic progress and world trade.

2 Recent Items: OECD

Will 2024 See Japan’s First Rate Hike in 16 Years?

Will 2024 See Japan’s First Rate Hike in 16 Years?

In This Story: Paris

Paris, France‘s capital, is a major European city and a global center for art, fashion, gastronomy and culture. Its 19th-century cityscape is crisscrossed by wide boulevards and the River Seine. Major landmarks include the Eiffel Tower, the 12th-century, Gothic Notre-Dame cathedral and the Arc de Triomphe on the Champs-Élysées.

3 Recent Items: Paris

‘Emily in Paris’ Star Ashley Park Hospitalized for ‘Critical’ Septic Shock

Google DeepMind Scientists May Leave to Form AI Startup

Paris Hilton Celebrates Son Phoenix’s 1st Birthday With Unseen Home Videos!

In This Story: Russia

Russia, or the Russian Federation, is a transcontinental country located in Eastern Europe and Northern Asia. It extends from the Baltic Sea in the west to the Pacific Ocean in the east, and from the Arctic Ocean in the north to the Black Sea and the Caspian Sea in the south.

Russia spans more than one-eighth of the Earth’s inhabited land area, stretching eleven time zones, and bordering 16 sovereign nations. Moscow is the country’s capital.

The Soviet Union was dissolved in 1991 and since 1993 Russia been governed as a federal semi-presidential republic. Russia is a major great power, with the world’s second-most powerful military, and the fourth-highest military expenditure. As a recognised nuclear-weapon state, the country possesses the world’s largest stockpile of nuclear weapons.

3 Recent Items: Russia

Why The World Is Rushing Back To The Moon

North Korea and the new Cold War | 60 Minutes Full Episodes

Why are Russians risking years in prison to protest? | DW News

In This Story: Ukraine

Ukraine is a large country in Eastern Europe known for its Orthodox churches, Black Sea coastline and forested mountains. Its capital, Kiev, features the gold-domed St. Sophia’s Cathedral, with 11th-century mosaics and frescoes. Overlooking the Dnieper River is the Kiev Pechersk Lavra monastery complex, a Christian pilgrimage site housing Scythian tomb relics and catacombs containing mummified Orthodox monks.

2 Recent Items: Ukraine

Ukraine Assured Aid From US Is Coming, Kuleba Says

US mulls seizing $300 billion in frozen Russian assets for Ukraine | DW News

Leave a Comment

We don't require your email address, or your name, for anyone to leave a comment. If you do add an email address, you may be notified if there are replies to your comment - we won't use it for any other purpose. Please make respectful comments, which add value, and avoid personal attacks on others. Links are not allowed in comments - 99% of spam comments, attempt to post links. Please describe where people may find additional information - for example "visit the UN website" or "search Google for..." rather than posting a link. Comments failing to adhere to these guidelines will not be published.