The world’s leading economies are sliding into recession as the global energy and inflation crises sparked bycut growth by more than previously forecast, according to the Organisation for Economic Co-operation and Development .
Pereira also supported the determination of central banks to reduce inflation by raising interest rates. “We need to reduce demand, there is no doubt about that. And monetary and fiscal authorities need to work hand in hand to achieve it,” he said. A recovery in China next year to 4.7% will be weaker than expected, the OECD said, as Beijing wrestles with a property market and banking sector weighed down by huge debts.
The OECD forecast that UK GDP growth would be flat in 2023. However, this projection does not take into account the measures announced in the chancellor Kwasi Kwarteng’s mini-budget on Friday.
Source: Energy Industry News (energyindustrynews.net)
But still no chance for a peace deal...
SDoH wellbeingeconomy publichealth populationhealth Recession makes it even more important to ensure that everyone has basic requirements for health to prevent the collapse of healthcare systems. .
All for a good cause
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