OECD sees global growth slowing as inflation, monetary tightening bite


PARIS, Sept. 26 (Xinhua) -- The Organization for Economic Cooperation and Development (OECD) said on Monday that global economic growth is projected to remain subdued in the second half of 2022, before slowing further in 2023 to an annual growth of just 2.2 percent.

"A key factor slowing global growth is the generalized tightening of monetary policy, driven by the greater-than-expected overshoot of inflation targets," the OECD explained in its latest Economic Outlook.

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