The Organization for Economic Cooperation and Development (OECD) has cautioned about a potential deceleration in global economic growth. The organization’s latest report highlights concerns over the impact of increasing interest rates and persistently high oil prices on economic activity worldwide.

According to the OECD, the combined effect of these factors could dampen consumer spending and business investment, leading to a slowdown in overall economic expansion. The report suggests that governments should closely monitor economic indicators and be prepared to adjust their policies accordingly to mitigate the risks associated with a potential downturn.

The OECD also emphasized the importance of international cooperation in addressing global economic challenges. The organization called for coordinated efforts to promote sustainable growth and stability in the world economy.