June Global Economic Outlook
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OECD warns of global slowdown as U.S.-Iran war stymies economic growth prospects
The Organisation for Economic Cooperation and Development has slashed its global growth outlook, warning that the economic damage from the U.S.-Iran war could dramatically worsen unless a durable peace settlement is reached quickly. In its June Economic Outlook, the OECD said global growth is now expected to slow from 3.4% in 2025 to 2.8% in 2026, before recovering to 3.1% in 2027 — should the current energy price shock start easing by the middle of this year. But that's assuming a...
How have countries around the world responded to the US-Israel war on Iran?
How have countries around the world responded to the US-Israel war on Iran? The war, which has entered its 100th day, has upended global financial and energy markets, drawing concerns from world leaders. Sunday marks 100 days since the United States and Israel launched war on Iran – a conflict that has triggered a global energy crisis and darkened the global economic outlook.
Japan's Q1 capex growth stalls as Iran war weighs, raising GDP downgrade risk
Japan's Q1 capex growth stalls as Iran war weighs, raising GDP downgrade risk TOKYO, June 1 : Japanese companies' pace of annual spending on plant and equipment stalled in the first quarter after a year of strong expansion, likely prompting a downgrade to economic growth as concerns mount over the impact of the Middle East conflict. The Iran war has upended the global economic outlook, leaving oil-import-dependent Japan heavily exposed to the energy shock rippling across businesses and...
Fitch trims India's growth forecast to 6.4% as Middle East turmoil clouds outlook
This financial year, India’s economic numbers might lose some points to the ongoing Middle East chaos. The conflict has dented consumer spending, as households are feeling the pinch of rising costs. Global analytics firm Fitch Ratings on Tuesday cut its FY27 GDP forecast for the country to 6.4% from 6.7% projected earlier.
Israel, Lebanon renew ceasefire after US-brokered talks
Israel, Lebanon renew ceasefire after US-brokered talks Published June 3, 2026last updated June 4, 2026What you need to know - Israel and Lebanon agree to renew their ceasefire after talks at US State Department - Iran has been insisting that hostilities between Israel and Hezbollah in Lebanon must also end before a deal can be reached with the US - Earlier on Wednesday, the US military carried out strikes on Iran's Qeshm Island in the Strait of Hormuz "in response to attempted attacks by...
Middle East: US and Iran trade fire amid stalled talks
Middle East: US and Iran trade fire amid stalled talks Published June 3, 2026last updated June 3, 2026What you need to know - US military said it carried out strikes on Iran's Qeshm Island "in response to attempted attacks by Iran" - US military also said Iranian missiles fired toward Bahrain and Kuwait had "failed to hit their intended target" - Iran's Islamic Revolutionary Guards said they fired at US military installations in response to the US strikes on Qeshm Island in the Strait of...
Dalal Street outlook: What will guide market sentiments this week?
Dalal Street is set for a busy week as investors will be tracking domestic and global developments. The RBI's interest rate decision, key economic data releases, crude oil prices and the evolving US-Iran situation are expected to be the main factors driving market sentiment. Market participants will also keep a close watch on macroeconomic indicators, foreign investor activity and movements in the rupee against the US dollar for cues on the near-term outlook for equities.
Modi surpasses Nehru as longest-serving elected PM: Tracing the road to 4,399 days in 12 charts
'Modi hai to Mumkin hai', a popular catchphrase that has become synonymous with the BJP-led NDA government over the years. Indeed, this idea of "achieving the impossible" has often been projected as a hallmark of Prime Minister Narendra Modi's 12-year-long tenure at the helm. But even many of his supporters may not have imagined that one day their leader would make 'mumkin' what had remained impossible for other leaders for decades.
100 days of Iran war: Gulf states grapple with security and economic consequences
Iran war at 100 days: Gulf states grapple with stability June 4, 2026For the regional Gulf Cooperation Council (GCC) states — Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE) — the consequences of the US-Israeli conflict with Iran extend far beyond immediate military threat. Since February 28, when the US and Israel launched joint strikes on Iran, and despite a nominal ceasefire, the GCC countries, have been performing a difficult balancing act. Key...
Japan's services activity stagnates in May as costs surge, PMI shows
Japan's services activity stagnates in May as costs surge, PMI shows TOKYO, June 3 : Japan's services sector ground to a halt in May after more than a year of expansion, as surging costs linked to the Middle East war dampened service demand and led to a 12-year high in output price inflation, a private survey showed on Tuesday. • The S&P Global final Japan Services Purchasing Managers' Index (PMI) fell to 50.0 in May from 51.0 in April, marking the end of a 13-month expansion streak....