Economic Outlook at Risk of Further Deterioration, OECD Says

The Organization for Economic Cooperation and Development (OECD) warned on Thursday that the global economic outlook is at risk of further deterioration, as the world continues to grapple with high inflation, rising interest rates, and geopolitical tensions. In its latest Interim Economic Outlook report, the OECD said that while some economies have shown signs of resilience, the overall global economy remains fragile. The group warned that the risks are increasingly tilted towards a more severe downturn, particularly in advanced economies where central banks are tightening monetary policy to …