By Eliza Popova
Earlier, the OECD expected the growth of the world economy at the outcome of the year at the level of 3. 0%. Currently, the organization has adjusted its slowdown from 2. 8% (in July forecast) to 2. 2% in 2023. “The world economy has lost impulse as a result of an unjust, unjustified and illegal aggressive war of Russia against Ukraine. GDP growth has stopped in many countries, and economic indicators indicate a long slowdown, ”said Secretary General OECD Matias Kormann.
It is projected that the global production of next year will be $ 2. 8 trillion below the OECD forecast for a full -scale invasion of the Russian Federation into Ukraine. The loss of income worldwide is equivalent to the volume of the French economy. According to the OECD, the economic growth of the euro area will slow down from 3. 1% this year to 0. 3% of 2023. This means that at least a part of the year of the euro area will be held in recession.
This means a sharp decline in the rating compared to the latest EECR economic forecast in June, when it predicted the growth of Eurozone economy by 1. 6% next year. Especially gloomically, the OECD was appreciated by Germany's economy, depending on Russian gas. According to the organization, next year it will be reduced by 0. 7% compared to June growth by 1. 7%. Although the United States is much less dependent on energy imports than Europe, they also encountered an economic downturn.
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