Europe to be hit hardest in global slowdown – OECD

According to the Organisation for Economic Co-operation and Development (OECD), the world economy should avoid going into recession next year, but the worst energy crisis since the 1970s will cause a sharp slowdown, with Europe being the hardest hit. The group urged central banks to keep raising interest rates as a defence against this. Global … Read more

IMF warns of higher recession risk and darker global outlook in 2023

The International Monetary Fund is once again lowering its projections for global economic growth in 2023, projecting world economic growth lower by four trillion dollars (£3.5 trillion) through to 2026. Kristalina Georgieva, managing director of the IMF, told an audience at Georgetown University in Washington DC on Thursday that “things are more likely to get … Read more