OECD cuts 2026 global growth forecasts over Mideast war fallout
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If energy disruption persists well into next year, some economies could fall into outright recession, with Asian countries reliant on Middle East energy supplies expected to be hit hardest. PARIS: The global economic outlook hinges on how long the war in the Middle East lasts, with recession in some countries and sharply higher inflation a real possibility if it drags on into next year, the Organisation for Economic Cooperation and Development warned on Wednesday (Jun 3). If the conflict proves
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