OECD Cuts Global Growth Outlook Amid U.S.-Iran Tensions
The Organisation for Economic Cooperation and Development (OECD) has lowered its global growth forecast due to ongoing tensions between the U.S. and Iran, which threaten energy markets and shipping through the Strait of Hormuz. In a worst-case scenario with prolonged disruptions, global economic growth could fall from 3.4% in 2025 to as low as 1.8% by 2027.
Topics: economic_growth OECD Strait_of_Hormuz_disruption U.S.-Iran_conflict