Latest news and articles about conflict-impact from NEX English
The OECD reports that the ongoing war in Iran will negatively impact all major economies, with Britain facing the most significant damage. Inflation is expected to rise to <strong>4%</strong> and growth to decline to <strong>0.5%</strong> by 2026.
German Defense Minister <strong>Boris Pistorius</strong> described the war on Iran as a 'disaster' for global economies, noting its negative effects are already evident. His comments were made during a press conference in the <strong>Australian Parliament</strong> in <strong>Canberra</strong>, emphasizing the need for a diplomatic resolution and ceasefire.