Russia’s invasion of Ukraine will shave around one percentage point off of global economic growth this year, reveals new forecasts by the group of rich nations. Disruption to flows of Russian and Ukrainian commodities as a result of the conflict will deliver a sharp blow to the Eurozone economy, according to the Organisation of Economic Co-operation and Development (OECD). The Continent is heavily reliant on Russia for gas supplies, meaning economic activity could be curbed in the bloc if flows are scuppered. Oil and gas prices have whipsawed…
