20 March, 2022
The war in Ukraine could cut global economic growth by more than one percentage point in the first year after the invasion, a report suggests.
The Organisation for Economic Development (OECD) said the impact could also cause a “deep recession” in Russia if it is sustained.
It also warned that the conflict could push up prices globally by about 2.5%.
The organisation called for targeted financial support for those on the lowest incomes in response.
Costs were already going up due to increased demand as Covid restrictions ease. -BBC