This year, the pandemic-stricken world economy will expand by 5.8 per cent, up from a previous estimate of 5.6 per cent, the Paris-based OECD forecast.
Read more about OECD Cuts India Growth Forecast To 9.9% For FY22 on Business Standard. The Organisation for Economic Co-operation and Development (OECD) cut its growth projection for India for FY22 to 9.9% from 12.6% estimated in March, as the second wave of coronavirus infections has paused economic recovery in Asia s third largest