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The OECD has issued a warning regarding the decline in global economic growth forecasts, attributing this to ongoing conflicts in the Middle East. The organization predicts a drop in global growth to <strong>2.8%</strong> by <strong>2026</strong>.
The Secretary-General of the OECD confirmed that the partnership with Egypt has evolved to include the formulation of international standards, reflecting significant progress in the country's economic and political reforms.
Dr. Mostafa Madbouly, Prime Minister of Egypt, met with Mr. Mathias Cormann, Secretary-General of the OECD, in the New Administrative Capital today to discuss the achievements of the first phase of the country program between Egypt and the organization.
Egyptian Prime Minister Mustafa Madbouly has concluded the first phase of the cooperation program with the OECD, highlighting the achievements and challenges faced during the project. This initiative is part of Egypt's efforts to enhance economic and social reforms.
Egyptian Prime Minister Mustafa Madbouly met with OECD Secretary-General Mathias Cormann to discuss the second phase of the country program aimed at enhancing economic growth in Egypt. This meeting reflects Egypt's commitment to strengthening cooperation with international organizations.
Egyptian Prime Minister Mustafa Madbouly will participate in the conclusion of the country program with the OECD tomorrow in the New Administrative Capital. This event aims to enhance cooperation between Egypt and the international organization.
Indonesian Coordinating Minister for Economic Affairs, Airlangga Hartarto, announced that Indonesia's accession to the OECD will enter the technical review phase in July 2026. This step aims to enhance Indonesia's trade and investment relations amid global economic challenges.
New reports indicate that the cost of long COVID could amount to <strong>€116 billion</strong> annually in OECD countries, reflecting the ongoing impact of the pandemic on the global economy. These costs are equivalent to the annual health budgets of countries like the <strong>Netherlands</strong> and <strong>Spain</strong>.
The OECD has called on governments in over 25 countries to swiftly end fuel tax reductions implemented to shield consumers from rising energy prices. This urgent appeal comes amidst escalating economic challenges since the onset of the war in Iran.
Gabriela Ramos, an official at the OECD, stressed the need for enhanced international cooperation to address global economic challenges during a press conference in the capital. She highlighted key economic issues currently facing the world.
The Vice Chairman of the Indonesian Energy Commission, Andri Rosyadeh, assured that the country's fuel stock is secure and there are no plans to raise prices, highlighting new oil sources. These statements come at a critical time as the world faces volatility in energy markets.
The Audit Bureau participated in the OECD Forum aimed at developing methodologies for measuring audit impact. This collaboration seeks to enhance transparency and accountability in government institutions.
Recent surveys indicate a growing pessimism among consumers in the UK, with the OECD predicting it to be the hardest hit among G20 nations. This comes as the British economy grapples with the repercussions of the global energy crisis.
The OECD reports that the ongoing war in Iran poses a significant challenge to the global economy, potentially hindering growth this year. Economists express concern over its impact on various nations.
The OECD has reduced its growth forecast for the Eurozone to <strong>0.8%</strong>, citing the impact of the ongoing war in the Middle East on energy prices. Inflation is also expected to rise to <strong>2.6%</strong> by 2026.
The OECD reports that the ongoing conflict in the Middle East is reviving inflation fears, with inflation in G20 countries expected to rise to <strong>4%</strong> this year. Secretary-General Mathias Cormann highlighted significant risks impacting economic forecasts.
The OECD warns that the escalating conflict in the Middle East has derailed the expected growth trajectory of the global economy, threatening a sharp rise in inflation rates. The disruption of energy shipments through the Strait of Hormuz could exacerbate these issues.
The OECD reports that the ongoing conflict in the Middle East is reviving inflation fears, hindering the global economic recovery that had begun earlier this year. Predictions indicate that inflation in the United States could reach <strong>4.2%</strong>.
The OECD reports that the British economy faces significant growth challenges due to the ongoing conflict in the Middle East, which threatens stability due to high energy import reliance. This warning comes amid rising concerns over the war's effects on global markets.
The OECD warns that the ongoing war in the Middle East will push inflation in the United States to <strong>4.2%</strong>, the highest among G7 countries. This warning comes as global markets face significant volatility.