Middle East Conflict Worsens Global Economic Risks, OECD Warns
By Aboki Forex —
Risks to the global economy have worsened as the Middle East conflict drags on. OECD Secretary General Mathias Cormann made this known on the sidelines of a Group of Seven meeting.
“The overall assessment is that it’s putting downward pressure on growth and upward pressure on inflation,” Cormann said on Tuesday in an interview with Bloomberg Television.
He noted that the OECD provided an initial assessment in its interim economic outlook in March. But the organisation will revise that assessment in the coming weeks.
“Clearly downward pressure on growth and upward pressure on inflation,” Cormann added.