BUSINESSQUARTZ
The OECD slashes its global growth forecast as the Iran war rattles energy markets
The OECD has reduced its global growth forecast to 1.8% due to the Iran war causing disruptions in the Strait of Hormuz, which could lead to recessions in some countries.
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Adjacent reporting
- Citing fallout from Iran war, World Bank cuts forecast for global economic growth
- The Iran war is hammering the global economy worse than any crisis since COVID, the World Bank says
- OECD warns of global slowdown as U.S.-Iran war stymies economic growth prospects
- Report: Disruption of Mideast energy supplies into next year would slam global economy
- Iran war shakes Global economy as energy costs surge and recession fears grow