Russia’s War in Ukraine to Cost Global Economy $2.8 Trillion, OECD Says

Russia’s invasion of Ukraine will cost the global economy $2.8 trillion in lost production by the end of next year – and more if a severe winter leads to energy rationing in Europe, the Organization for Economic Co-operation and Development said on Monday.

The estimate by the Paris-based Club of Advanced Economies reveals the magnitude of the economic fallout from Moscow’s invasion of its neighbor seven months ago, the worst military conflict on the continent since World War II, which is Russia’s attempt to redraw the map of Europe by force .

https://www.wsj.com/articles/russias-war-in-ukraine-to-cost-global-economy-2-8-trillion-oecd-says-11664177401 Russia’s War in Ukraine to Cost Global Economy $2.8 Trillion, OECD Says

Alley Einstein

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