How the "special operation" in Ukraine has changed the GDP growth rate forecasts of various countries around the world According to a new June forecast by the OECD on the growth rates of major economies, Russia's GDP in 2022 will decrease by 10% - down from the expected 2.5% growth in December 2021, a drop of 12.7 p.p.
Germany's GDP growth rate is expected to be 2.2 p.p. lower than half a year earlier, France - 1.8 p.p., if we look at more detailed figures that in some Eastern European countries and the Baltics the fall is up to 3 p.p.
Outside Europe, the figures are lower, but also very significant. Japan's GDP growth rate, according to forecasts, will be 1.7 p.p. lower than previously expected; India - 1.2 p.p., China - 0.7 p.p.
