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OECD predicts spate of recessions globally if Iran conflict drags into 2027
Policy forum lays out ‘prolonged disruption’ scenario in which world’s GDP falls to 2.1% this year from 3.4% in 2025Rural UK ‘particularly at risk’ of diesel shortagesIf the Middle East conflict drags on into next year it would hit global growth hard, driving some economies into recession and causing energy shortages, according to forecasts from the Organisation for Economic Co-operation and Development. In its latest Economic Outlook, the Paris-based club of industrialised countries lays...
OECD predicts spate of recessions globally if Iran conflict drags into 2027
Policy forum lays out ‘prolonged disruption’ scenario in which world’s GDP falls to 2.1% this year from 3.4% in 2025Rural UK ‘particularly at risk’ of diesel shortagesIf the Middle East conflict drags on into next year it would hit global growth hard, driving some economies into recession and causing energy shortages, according to forecasts from the Organisation for Economic Co-operation and Development. In its latest Economic Outlook, the Paris-based club of industrialised countries lays...
Rural UK ‘particularly at risk’ of diesel shortages if Iran war continues
OECD forecast sets out economic risks from conflict, pointing to potential shortfalls to key energy productsOECD predicts spate of recessions globally if Iran conflict drags into 2027Rural areas in the UK would be particularly at risk of diesel shortages if the conflict in Iran continues to squeeze supplies, the Organisation for Economic Co-operation and Development has warned. The OECD predicted economic growth of 0.9% in the UK this year – a modest upgrade from the 0.7% it feared in March...
Rural UK ‘particularly at risk’ of diesel shortages if Iran war continues
OECD forecast sets out economic risks from conflict, pointing to potential shortfalls to key energy productsOECD predicts spate of recessions globally if Iran conflict drags into 2027Rural areas in the UK would be particularly at risk of diesel shortages if the conflict in Iran continues to squeeze supplies, the Organisation for Economic Co-operation and Development has warned. The OECD predicted economic growth of 0.9% in the UK this year – a modest upgrade from the 0.7% it feared in March...
Rural UK ‘particularly at risk’ of diesel shortages if Iran war continues
OECD forecast sets out economic risks from conflict, pointing to potential shortfalls to key energy productsOECD predicts spate of recessions globally if Iran conflict drags into 2027Rural areas in the UK would be particularly at risk of diesel shortages if the conflict in Iran continues to squeeze supplies, the Organisation for Economic Co-operation and Development has warned. The OECD predicted economic growth of 0.9% in the UK this year – a modest upgrade from the 0.7% it feared in March...
Google starts testing changes to AI search after UK media sites given power to opt out - business live
Rolling coverage of the latest economic and financial newsElsewhere this morning, the Organisation for Economic Co-operation and Development has warned that if the Middle East conflict drags on into next year it will hit global growth hard, driving some economies into recession and causing energy shortages. In its latest Economic Outlook, the Paris-based club of industrialised countries lays out a “prolonged disruption” scenario, in which there is no agreement between the US and Iran until...
EU, China hold talks as trade war looms
The EU and China were due to hold talks to defuse escalating trade tensions after Europe voted last week to adopt a tough new approach. EU trade chief Maros Sefcovic was set to meet China’s top trade envoy, Li Chenggang, on the sidelines of an Organisation for Economic Co-operation and Development (OECD) meeting on Thursday, the South China Morning Post reported. Talks will focus on establishing a new platform to discuss trade and investment issues and will pave the way for Chinese Commerce...
China's state subsidies up to eight times more than OECD's, report says
Chinese state subsidies have hit record levels, climbing to nearly 10% of company revenue in the chip sector and distorting markets, according to a new OECD report, published as the EU mulls new measures to counter Beijing's aid. Chinese companies received between three and eight times more subsidies than Western firms between 2005 and 2024, according to a report published on Monday by the Organisation for Economic Co-operation and Development (OECD). The findings come as European...
New forced labor tariffs are in line with US-EU deal, insists Trump trade official
PARIS — Trade Representative Jamieson Greer said Thursday that proposed new U.S. tariffs on European exports are compatible with the transatlantic trade deal struck last summer at President Donald Trump’s Turnberry golf resort in Scotland. “The Turnberry agreement says that the European Union agrees and acknowledges that the United States can impose tariffs up to a certain level,” Greer said in Paris on the sidelines of a ministerial meeting at the Organisation for Economic Co-operation and...
Deep learning four decades of human migration
Abstract Human migration is a fundamental driver of global demographic change, shaping population structure, labour markets and social policy across countries1,2,3. Although long-term migration patterns are often linked to economic development4, they can shift rapidly in response to shocks such as conflict, environmental crises and political change5. Despite its importance, migration remains difficult to measure consistently: existing data are sparse, concentrated in high-income settings and...