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OECD hikes 2021 world growth forecast to 5.6%

Coronavirus vaccine rollouts and a huge US stimulus package have boosted economic growth expectations.

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The Organization for Economic Cooperation and Development is warning that Russia's war in Ukraine will disrupt commerce and clog up supply chains, slashing economic growth and pushing prices sharply higher around the globe.
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The International Monetary Fund (IMF) has cut its global growth forecast to 3.2% amid high inflation and the war in Ukraine, and warned the world could be "teetering on the edge of global recession."