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‘Pretty Bleak’: International Economic Organization Issues New Warning About Soaring Inflation, Famine

Ben Zeisloft
‘Pretty Bleak’: International Economic Organization Issues New Warning About Soaring Inflation, Famine
A field of dying maize plants in Nsanje District, southern Malawi, under a blue sky with clouds, during the severe drought of 2016, caused by El Nino (Getty Images/Guido Dingemana).

The Organization for Economic Cooperation and Development (OECD) decreased its world economic growth forecast amid multiple crises.

The intergovernmental organization now predicts 3% global economic growth for 2022 — a significant revision from the 4.5% it predicted in December — largely because of disruptions from the Russian invasion of Ukraine.

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