Source: Deena Zaidi, CTV News, June 23, 2022
In 2023, the global growth is estimated to decline further to 2.75 per cent.
The latest forecast for the global economy shows a grim outlook of the world torn by the COVID-19 pandemic and Russia’s war against Ukraine.
Almost all countries are expected to experience slower growth in 2022-23 due to the ongoing Russia-Ukraine war, according to a recent report by the Organization for Economic Cooperation and Development (OECD).