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France 24

Business

OECD details 'hefty price' of Ukraine war on global economy

Economy Ukraine Inflation Organisation for Economic Cooperation and Development India Interest Rates Pandemic Turkey

BUSINESS DAILY © FRANCE 24

Russia's war in Ukraine is derailing the global economy's recovery from the pandemic. The Organisation for Economic Cooperation and Development (OECD) is the latest to slash its forecast for economic growth, warning of high inflation and a possible food crisis. Also in the show: India's central bank raises interest rates for the second time in less than a month, while Turkey's government refuses to do so, despite spiralling inflation.

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