News Snapshot:
“The invasion of Ukraine, along with shutdowns in major cities and ports in China due to the zero-COVID policy, has generated a new set of adverse shocks, “ the OECD said. (Chen Jianli/Xinhua/AP) The Organization for Economic Development on Wednesday downgraded its forecast for global growth in 2022, following Tuesday’s move by the World Bank to also slash its estimate for the world economy. [ READ: Fed ‘Beige Book’ Finds Economy Moderating ] The OECD now says the global economy will grow at a 3% rate this year, down 1.5 percentage points from its December projection. The World Bank is...
