Prolonged Gulf conflict risks recession and rise in inflation, OECD says
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 Co-operation and Development said on Wednesday. If the conflict proves sho
AI Translated Summary:
The OECD warns that the ongoing Gulf conflict could lead to recession and increased inflation in various countries if it continues into next year. The global economic outlook is heavily dependent on the duration of the conflict.
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