Confronting the Crisis: OECD Economic Outlook November 2022
The global economy is expected to slow further in the coming year, as the massive and historic energy shock triggered by Russia’s war of aggression against Ukraine continues to spur inflationary pressures, sapping confidence and household purchasing power and increasing risks worldwide, according to the OECD’s latest Economic Outlook.
Growth in 2023 is strongly dependent on the major Asian emerging market economies, who will account for close to three-quarters of global GDP growth next year, with the United States and Europe decelerating sharply. Growth may be weaker than projected if energy prices rise further, or if energy supply disruptions affect gas and electricity markets in Europe and Asia. Governments should deploy both short- and medium-term policy actions to confront the crisis and build the foundations for a stronger and more sustainable recovery. Learn more: https://www.oecd.org/economic-outlook/
Video in French: • Faire face à la crise : Perspectives ...
ABOUT THE OECD
The Organisation for Economic Co-operation and Development (OECD) is an international organisation established in 1960 that works collaboratively to build better policies for better lives. Our goal is to shape policies that foster prosperity, equality, opportunity and well-being for all. Together with governments, policy makers, policy shapers, and citizens, we work on establishing evidence-based international standards and finding solutions to a range of social, economic and environmental challenges.
From improving economic performance and creating jobs to fostering strong education and fighting international tax evasion, we provide a unique forum and knowledge hub for data and analysis, exchange of experiences, best-practice sharing, and advice on public policies and international standard-setting.
To learn more about the OECD, how we shape better policies for better lives, our global reach, and how to join us, go to https://www.oecd.org/about/. And to keep up with latest at the OECD, visit https://www.oecd.org/.
#oecd #economicoutlook #economy
