The OECD warns of a “hefty” economic cost of the Ukraine conflict

• The world economy will pay a “hefty price” for the war in Ukraine encompassing weaker growth; stronger inflation and potentially long-lasting damage to supply chains.
• The Organisation for Economic Co-operation and Development has warned.
• The world economy will pay a “hefty price” for the war in Ukraine, a global economic group has warned.

The war in Ukraine will cost the global economy a “hefty price” in terms of weaker GDP, higher inflation, and potentially long-term damage to supply networks; according to the Organisation for Economic Cooperation and Development.

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