The world economy will lose almost $ 3 trillion due to the invasion of the Russian Federation into Ukraine - OECD

According to the OECD, the global production volume will fall at $ 2. 8 trillion compared to pre -war levels. The loss of income worldwide is equivalent to the volume of France's economy, compares the organization. The global growth of the economy was expected to 3. 0% in June, but will slow down to 2. 2% in the war in June 2023.

Guests of the political forum in Paris were particularly pessimistic to the prospects of the economy of Europe, because this region is most influenced by the consequences of war, experts said. "The world economy has lost impetus as a result of Russia's unjust and illegal aggressive war against Ukraine. GDP growth has stopped in many countries, indicators indicate a long slowdown," - said Secretary General OECDR Matias Kormann. EU economic growth will slow down from 3. 1% this year to 0.

3% in 2023, the block will be at least part of the year in recession, calculated in the OECD. Analysts are especially anxious in Germany, whose economy depends on Russian gas. Next year it will be reduced by 0. 7%. Further malfunctions will hit the economy and push inflation in Europe, many countries will fall into recession in 2023, the authors of the report said. "In most major economies, monetary policy will intensify to curb inflation.

Targeted fiscal incentives played a key role in restoring consumer and business confidence. It is important that monetary and fiscal policies work together," Cormann explained. The OECD noted that the US is much less dependent on energy imports than Europe. However, the states collided with recession, as the US Federal Reserve raises interest rates to cope with inflation. The OECD predicts that the growth of the largest economy in the world will slow down from 1. 5% this year to 0.

5% next year, compared to June 25% of 2022 and 1. 2% of 2023. China's strict measures to control the spread of the Covid-19 virus this year influenced the economy. It will only grow by 3. 2% this year and by 4. 7% - the following. Earlier, the OECD expected an increase in 4. 4% of 2022 and 4. 9%-2023. OECD experts believe that rates should be raised in the future in the future. The directive rates of most major central banks will exceed 4% next year.

The governments of many countries increase support packages for households and businesses to overcome high inflation. The OECD stated that these steps should be temporary and aimed at those who need it most. The UN earlier estimated that because of the war in Ukraine, 345 million people may face starvation. The fighting raises prices for food, fuel and fertilizers. The Ministry of Economy of Ukraine has already made a macroeconomic forecast for next year.