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The Economic Times

Economy / The Economic Times

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OECD warns prolonged Middle East war could sharply slow global growth

The global economy faces uncertainty due to the Middle East conflict. The OECD warns of recession and rising inflation if the war continues into next year. A prolonged conflict could significantly slow global growth. Asian nations heavily reliant on Middle East energy supplies are expected to face the biggest impact. Central banks may need to raise interest rates.

3 Jun 2026 12:37 pm