Illustrative image (Photo: Reuters)

Grey gamut covers major economies

The Organisation for Economic Cooperation and Development (OECD) made a gloomy forecast, that the dominant grey gamut will cover most of the major economies by 2023, in the context of the world economy reeling from the biggest energy shock since the 1970s.
At a market in Tokyo, Japan (Photo: AFP/VNA)

The world economy faces many challenges

When the wounds caused by the COVID-19 pandemic have not yet healed, the world economy has been continuously subjected to a series of shocks including inflation, energy crisis, supply disruptions, and the risks of public debt. These dark clouds are casting a shadow over the prospect of recovery and growth, of the world economy in the coming time.