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Economic Forecast - OECD slashes growth outlook for this year and next
The Organization for Economic Cooperation and Development shaved off 1.5 percentage points from its December global growth outlook to 3 percent this year, it announced Wednesday, while it adjusted its ...
UK economic growth will fall to zero, warns OECD
Britain is on the brink of recession as surging inflation, tax hikes and a shortage of staff will derail the recovery from the COVID pandemic and grind the economy to a halt, the Organisation for ...
TOP NEWS SUMMARY: OECD and World Bank cut global growth forecasts
Credit Suisse guided for a loss in its second quarter, as the Zurich-based bank continues to face "challenging" market conditions. Credit Suisse listed a slew of reasons for the expected loss in the ...
UK economy 'faces worst performance in the G20 except for RUSSIA next year'
The OECD painted a grim picture of the impact of the Ukraine war as it revised global growth down dramatically and jacked up inflation forecasts.
OECD slashes growth outlook, but sees limited stagflation risk
The war in Ukraine has made the growth outlook far bleaker even though the global economy should avoid a bout of 1970s-style stagflation, the OECD said on Wednes ...