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Global Business News

The Economic Times

Global Business / The Economic Times

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Economic outlook at risk of further deterioration, OECD says

OECD Secretary General Mathias Cormann stated that the ongoing Middle East conflict is worsening global economic risks, exerting downward pressure on growth and upward pressure on inflation. The organization will revise its economic forecasts next month, acknowledging the immediate challenges posed by rising oil prices to finance officials at a G7 meeting.

19 May 2026 1:35 pm