Global Economy Risks Slump on Prolonged Iran Conflict, OECD Says

The Organization for Economic Co-operation and Development (OECD) has raised alarms about the potential severe impact of the ongoing conflict in Iran on the global economy. With growth already stunted and the threat of recession and higher inflation looming, the OECD warns that a prolonged Middle Eastern conflict could have far-reaching consequences. This matters because geopolitical tensions often disrupt trade routes, energy supplies, and financial markets, leading to broader economic instability. The OECD's insights underscore the need for urgent diplomatic efforts to prevent escalation and safeguard global economic health.