Charting the Global Economy: OECD Raises Inflation Forecast

Central banks around the world must be steadfast in their inflation fight even though economies will suffer as a result, the OECD said this week.

The organization boosted its 2023 inflation estimates and said it expects price increases the following year will remain above the targets set by many global central banks. While economies will slow because of tighter monetary policies, the OECD didn’t forecast a recession.