France Predicts Global Consequences of the Special Operation in Ukraine

The situation in Ukraine will slow the recovery of the weakened global economy post-pandemic and may change it permanently. This warning has been issued by the French publication Le Monde.

The Organisation for Economic Co-operation and Development (OECD) notes in the newspaper that the growth of global GDP is expected to decrease by 1 percentage point, while inflation is projected to rise by 2.5 percentage points.

“This crisis is already manifesting itself in the form of rising energy, food, and certain metals prices,” Le Monde quotes OECD senior economist Laurence Boone.

As the newspaper points out, the organization, which previously predicted that global economic growth would reach 4.5% by the end of 2022, had earlier decided to cancel the release of its regular forecasts scheduled for early March due to