The Organisation for Economic Co-operation and Development cut its 2026 global growth forecast to 2.8% from its March prediction of 2.9%, representing a sharp slowdown from 2025’s 3.4%. It said the Middle East conflict “has become the dominant force shaping global economic prospects” and is likely to have adverse impacts on growth. While the OECD revised up its 2027 forecast to 3.1% from 3.0% it cautioned that under a “prolonged disruption scenario” growth could slow to 2.1% in 2026 and 1.8% in 2027, potentially pushing some countries into, or close to, recession [...]