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World economy to slow, 'paying the price of war': OECD
World economy to slow, 'paying the price of war': OECD
World
by  AFP

The world economy will take a bigger hit than previously forecast next year due to the effects of Russia's war in Ukraine, the OECD said Monday. To highlight the impact of Russia's invasion of Ukraine, the OECD said global output in 2023 is now projected to be $2.8 trillion lower than previously estimated before the conflict in December 2021.

'I'm no cannon fodder': Russians flee to Georgia
'I'm no cannon fodder': Russians flee to Georgia
World
by  AFP

Nikita spent two days in traffic before he made it to Georgia, one of the thousands of Russian men seeking to evade the Ukraine war draft. He said Georgia was the top choice for those fleeing the draft because Russians can enter and stay up to a year without a visa.

Ukrainian heavy industry ground down by Russia's war
Ukrainian heavy industry ground down by Russia's war
Business and Economy
by  AFP

Usually the engine-room of the Ukrainian economy, heavy industry has fallen victim to Russia's invasion, with output ground down under the pressure of the war. The importance of heavy industry for the economy explains why Russia pounds it, according to Anatoly Kovaliov, rector of the Odessa National University of Economics.