OECD says global economic outlook ‘slightly better’ for 2023


People shop near prices displayed in a supermarket on February 13, 2023 in Los Angeles, California. 

Mario Tama | Getty Images News | Getty Images

OECD Secretary-General Mathias Cormann said the global economic outlook is “slightly brighter” this year but inflation challenges remain.

“The outlook for the world is slightly brighter at the beginning of 2023 than what we thought it would be just two or three months ago,” he told CNBC’s “Street Signs Asia” on Friday.

“Indeed, energy and food prices are substantially lower than what they were at their peaks,” noted the OECD chief, ahead of a G-20 financial leaders meeting this week in Bengaluru, India.

Energy prices have fallen significantly…


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