OECD: US, Israel and Iran conflict weakens global economic growth outlook

According to the OECD, the Middle East war has had a significant impact on global economy. If an effective ceasefire is not achieved in the conflict between the US, Israel and Iran before 2027, the global economy could face an even more severe blow.

According to the Organisation for Economic Co-operation and Development (OECD), the Middle East war has significantly weakened the global economic growth outlook. The conflict between the US, Israel and Iran has already noticeably affected global economic indicators, and the situation could worsen.

According to OECD experts, a particularly concerning scenario is one where an effective ceasefire is not achieved before 2027. In such a case, the organisation forecasts even deeper economic damage to the global economy, which would affect trade, energy prices and investments worldwide.

Middle East conflicts have historically had a strong impact on oil prices and global supply chain stability. The current standoff between the US, Israel and Iran adds further uncertainty to the global economic environment, which in turn hinders business investment decisions and economic growth.