Russia’s lengthening war with Ukraine will lead to persistently higher inflation rates in rich countries this year and threaten food shortages in poorer countries, according to a new study from the OECD, which also revised down its expectations for global growth.
In the latest of four reports on the global economic outlook published each year, the Paris-based Organization for Economic Cooperation and Development called on Western governments to avoid a repeat of the slow and patchy vaccine distribution during the Covid-19 pandemic and act promptly to get food to those in need.
