World Bank Warns Iran War Is Slowing Global Growth An
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OECD cuts 2026 global growth forecast and warns of recession risk if Iran war persists
The war in the Middle East has dented economic growth prospects worldwide, with a more severe shock likely if no effective ceasefire is agreed before 2027, the OECD warned Wednesday. The OECD has downgraded its global growth outlook, warning that rising energy prices, geopolitical tensions and persistent inflation are weighing on the world economy and could push several countries into recession if disruptions continue. In its quarterly update, the organisation, which represents 38...
World Bank Warns Iran War Is Slowing Global Growth
An explosion after U.S.-Israeli airstrikes hit oil storage depots in Tehran. The war has tangled supply chains and caused oil, gas and fertilizer prices to gyrate for months.
World Bank Warns Iran War Is Slowing Global Growth
An explosion after U.S.-Israeli airstrikes hit oil storage depots in Tehran. The war has tangled supply chains and caused oil, gas and fertilizer prices to gyrate for months.
EBRD lowers growth forecast as Iran war energy shock continues to hit economies
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Analysis:Global oil inventories depleted, next price spike could roil economies, markets
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Property and the budget ease pressure on the RBA
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Australia's economic slowdown is just beginning, the experts warn
Australia's economic slowdown is just beginning, economists warn, as recession risks rise Thu 4 Jun 2026 at 5:16am Australia's economic slowdown is just beginning, economists warn, as interest rate rises and cost-of-living pressures weigh on households. The economy grew just 0.3 per cent in the first quarter of 2026, the Australian Bureau of Statistics revealed on Wednesday, but the figures only captured the first month of the Middle East war. "Surging inflation, sky-high oil prices and...