If the conflict in the Middle East continues until 2027, global economic growth could slow to 1.8 percent.
According to Oxu.Az, this forecast was published by Bloomberg citing the Organisation for Economic Co-operation and Development (OECD).
Under a more pessimistic scenario, the economic fallout from the Iran crisis could cause the sharpest economic slowdown in 40 years, excluding the COVID-19 pandemic and the 2008 financial crisis.
OECD experts believe that if the US-Iran confrontation drags on until 2027, it will push several economies into recession or near-recession. At the same time, unemployment will rise, and investments, especially in artificial intelligence, will decline significantly.
