News > OPEC oil cuts bad for global economy, says U.S.'s Yellen

OPEC oil cuts bad for global economy, says U.S.'s Yellen

U.S. Treasury Secretary Janet Yellen said a decision by the OPEC+ grouping to cut oil production was "unhelpful and unwise" for the global economy, especially emerging markets, the Financial Times said on Sunday.

"We're very worried about developing countries and the problems they face," Ms. Yellen told the newspaper in an interview.