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The Organisation for Economic Cooperation and Development (OECD) said the length of disruptions in the Middle East will determine whether the global economy faces a mild slowdown or a more serious downturn.
The Paris-based organization said on June 3 that the conflict has become the main factor shaping global economic prospects and triggering an energy shock.
“The global economy entered 2026 with robust momentum, but the outlook has weakened significantly since the start of the conflict in the Middle East, with effects likely to be felt for some time,” OECD Secretary-General Mathias Cormann said.
In its latest economic outlook, the OECD outlined two possible paths for the global economy depending on how long disruptions to Gulf energy production and exports persist….
The Paris-based organization said on June 3 that the conflict has become the main factor shaping global economic prospects and triggering an energy shock.
“The global economy entered 2026 with robust momentum, but the outlook has weakened significantly since the start of the conflict in the Middle East, with effects likely to be felt for some time,” OECD Secretary-General Mathias Cormann said.
In its latest economic outlook, the OECD outlined two possible paths for the global economy depending on how long disruptions to Gulf energy production and exports persist….
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