Russia’s lengthening war with Ukraine will lead to a near doubling of inflation rates in rich countries this year and threaten food shortages in poorer countries, according to a new study from the OECD
President Biden said during a meeting with Federal Reserve Chairman Jerome Powell in May that he will continue to respect the Federal Reserve's independence as it addresses inflation, which he called his administration’s top priority. Photo: Kevin Dietsch/Getty Imageswill lead to a near doubling of 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
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