Description
Added on the 08/06/2022 16:09:39 - Copyright : AFPTV - First images
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.
Axel Van Trotsenburg, the World Bank managing director of Operations, was France 24 guest to speak about the food crisis in the world.
Russia's invasion of Ukraine is derailing the global economy's recovery from the Covid-19 pandemic. The Organisation for Economic Cooperation and Development (OECD) is the latest to slash its global GDP growth forecast for 2022, from 4.5 percent projected in December to just 3 percent in its latest outlook. Driving that slowdown is the cost of living crisis that's impacting households and businesses around the world. For more, Kate Moody speaks to the OECD's deputy secretary-general and chief economist, Laurence Boone.
Paolo Gentiloni, European Commissioner for Economy, announces that the EU is sharply cutting its eurozone growth forecast for 2022 to 2.7 percent as the bloc struggles with skyrocketing energy prices due to the war in Ukraine. SOUNDBITE
On a sunny Saturday afternoon in Kyiv, five couples are fervently waiting to get married in front of one of the city register offices. In Ukraine, would-be spouses have been taking advantage of a simplification in the red tape around marriage that allows them to wed on the spot, rather than having to register first and come back after a long wait.
|
Support : Technical 
- Content 
- Editors 
