Wall Street Might Aim To Open Broadly Up; OECD Projects Challenging Years Ahead

Paris-based Organization for Economic Cooperation and Development or OECD expects the world economy to eke out modest gains this year and in 2023 it is expected to expand even more tepidly. The current projection is for an increase of 3.1 percent in 2022, while it was up 5.9 percent last year. For the next year, the projection is only 2.2 percent. The OECD further said it is not predicting a global recession; however, the year will be very challenging.

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