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Προσθήκη του ot.gr στην GoogleThe global economy faces growing risks of deterioration as the conflict in the Middle East continues, according to the Organization for Economic Co-operation and Development (OECD), which has reiterated warnings about weaker growth and rising inflation.
Speaking on the sidelines of the G7 meeting in Paris, OECD Secretary-General Mathias Cormann said the conflict is increasing economic uncertainty and placing additional strain on the global outlook.
“Our overall assessment is that it is exerting downward pressure on growth and upward pressure on inflation,” Cormann said in an interview with Bloomberg Television.
OECD Reiterates Earlier Warning
The OECD was the first major international organization to warn, in March, that the war involving Iran could drive up prices and weaken economic activity worldwide.
Cormann noted that the organization provided an initial assessment in its interim economic outlook earlier this year and is now preparing updated forecasts, which are scheduled for release on June 3.
“We will revise that assessment in the coming weeks in the formal sense,” he said, adding that the direction of the
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