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The Economic Times

Top News / The Economic Times

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OECD: Iran war erases global growth upgrade, fans inflation

Global economic growth faces a setback due to the Middle East conflict. Energy shipments through the Strait of Hormuz are nearly halted, risking a sharp rise in inflation. The OECD now projects slower growth for the coming years. This situation presents significant downside risks to the global economic outlook. Governments are advised to provide targeted support.

26 Mar 2026 5:19 pm