Middle East War Devastates Global Economy, OECD Downgrades 2026 Growth Forecast
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The OECD warned that the Middle East war is weakening global economic growth prospects. According to the report, if oil and gas exports from the Persian Gulf region recover in Q3 2026, global growth will be downgraded from 2.9% to 2.8%. If the war drags on, growth could fall to 2.1%.