OECD gives sobering forecast for world economy

The Organization for Economic Cooperation and Development says the world economy will grow just 3.1% this year, down sharply from a robust 5.9% in 2021.

The OECD predicts next year will be even worse.  The international economy will expand only 2.2% in 2023, it estimates.The OECD, made up of 38 member countries, works to promote international trade and prosperity and issues periodic reports and analyses.