17 Hrs
Source:
The Guardian
OECD: Global Economy More Resilient to Iran Conflict
The OECD reports that the global economy has been more resilient than expected despite the ongoing US-Israeli conflict with Iran, aided by factors such as release of oil stockpiles and shifts to alternative fuels. However, rising oil and gas prices pose risks for future growth and inflation, especially due to ongoing geopolitical tensions. The organization forecasts global growth at 2.9% for this year and 3% for the next, highlighting concerns over potential disruptions from conflicts and environmental events like the strong El Niño weather system.
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