(Reuters) – It is too early to quantify the impact of the Middle East conflict on global growth, but there is a significant level of downside risk to the global economy at this time, the secretary-general of the Organization for Economic Co-operation and Development said on Monday.
‘Of course, to a large extent this will depend on a number of factors that we don’t have… the duration of the conflict and ongoing developments, but suffice it to say that there is a significant level of downside risk to the global economy at this time,’ said Mathias Cormann during a conference in Bucharest.
The current OECD global growth estimate for 2026 is just under 3%.
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