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Smeshinka | Dreamstime.com
The OECD published its latest economic outlook last week – 300 pages of insight, the report was titled “Under pressure“.
Notably, this is one of the first forecasts after the US-Iran war started, impacting Hormuz – and, in short, the outlook is not pretty.
The OECD’s global GDP growth estimate for 2026 was adjusted from +3.4% to +2.8% based on a “time-limited disruption“ scenario. Which, in essence, would mean a deal is around the corner and end of the conflict is still …