The Organisation for Economic Cooperation and Development
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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...
OECD cuts 2026 global growth forecasts over Mideast war fallout
OECD cuts 2026 global growth forecasts over Mideast war fallout 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 short-lived, Gulf oil and gas production could gradually return to pre-crisis levels from the third quarter with shortages...
Europe’s fears about China trade threat miss the point
Outside In Europe’s fears about China trade threat miss the point How are Beijing’s successful industrial policies any different from those used by Europe, the US or the ‘Asian tigers’ in the past? 3-MIN READ3-MIN 1 Listen David Dodwell is CEO of the trade policy and international relations consultancy Strategic Access. Europe’s political and business leaderships appear to have concluded that China’s economic dominance represents an existential threat – not from intrinsic competitiveness but...
EU trade chief swipes at China’s overcapacity, but seeks ‘meaningful’ talks with Beijing
EU trade chief swipes at China’s overcapacity, but seeks ‘meaningful’ talks with Beijing Maros Sefcovic made the remarks after meeting China’s chief trade negotiator, but says both sides are focused on mutual success EU trade chief Maros Sefcovic has called for practical approaches and “meaningful discussion” to tackle the growing trade concerns between Brussels and Beijing, following his meeting with China’s chief international trade negotiator, Li Chenggang, on the sideline of a...
Another country to ban mobile phones in schools as reading levels fall
Another country to ban mobile phones in schools as reading levels fall Since 2023, Sweden’s centre-right coalition government has pursued a policy prioritising more reading time and less screen time - Bookmark Sweden, a nation long championed as a leader in adopting digital technology, is set to ban mobile phones in schools starting from the next academic year as part of a broad, international reversal on the use of screens in classrooms. Since 2023, the Scandinavian country’s centre-right...
‘Ultra-strength’ cocaine hits UK streets as deaths surge to record high
‘Ultra-strength’ cocaine hits UK streets as deaths surge to record high Exclusive: Cocaine deaths have hit record levels, with more than 1,000 people dying last year. Alex Ross finds the purity of the street drug has increased amid a boom in production in Latin America - Bookmark A lethal wave of “ultra strength” cocaine is emerging across the UK as deaths linked to the party drug have spiralled to a record high, The Independent can reveal. A boom of cocaine in South America has triggered...
Where are Xi, Trump going? Travel map reveals scale of changing world order
Diplomatic travel is more than ceremony, it shows where leaders choose to place scarce political attention. Presidents and premiers cannot be everywhere, so who they meet, where they go, and how often they host foreign leaders all signal priorities that speeches and strategy papers can obscure. The itineraries aren’t just about who flies where.
What do Turkiye and Indonesia want from bilateral talks?
What do Turkiye and Indonesia want from bilateral talks? Turkiye’s Foreign Minister Hakan Fidan travelled to Indonesia to cement the two states’ growing partnership. Turkiye and Indonesia aim to deepen cooperation in defence, energy and emerging technologies following high-level talks in Jakarta, as both countries push to expand economic ties in a bid to reach a $10bn bilateral trade target agreed in April last year.
Türkiye, Singapore among countries rejecting ‘strategic resignation’ amid global disorder, says Turkish foreign minister
Türkiye, Singapore among countries rejecting ‘strategic resignation’ amid global disorder, says Turkish foreign minister Speaking at a special lecture in Singapore, Minister Hakan Fidan touched on Israel and the Middle East conflict, finding alternative connectivity routes to the Straits of Hormuz and Ankara’s foreign policy approach in Southeast Asia. SINGAPORE: Türkiye and Singapore are among “a handful of wise and responsible nations” which have rejected “strategic resignation” amid a...
What is the St Petersburg forum, Putin’s economic outreach to the world?
What is the St Petersburg forum, Putin’s economic outreach to the world? A Ukrainian drone strike targeted energy facilities near St Petersburg hours before the forum began. Some 20,000 guests from more than 130 countries are expected to attend the three-day St Petersburg International Economic Forum (SPIEF), an annual gathering often described as the “Russian Davos”.