OECD warns about impact on economy of a possible extension of Israel-Hamas conflict
Global economy faces ‘significant’ risks if current Conflict between Israel and the Palestinian Islamist movement The OECD warned this Wednesday that Hamas is expanding in its new forecasts that slightly reduce global growth to 2.9% in 2023. “If the conflict intensifies and spreads throughout the region [de Oriente Medio]”The risks of a slowdown in the economy and increased inflation will be much more significant,” he warned. Organization for Economic Co-operation and Development (OECD). One of the main consequences may be: rising oil prices And gas: Explains that a $10 increase in the barrel price could mean a 0.2 point increase in global inflation and a 0.1 point decrease in growth in the first year. The organization, which reduced its previous global growth forecast to 2.9% of GDP and maintained its 2024 forecast at 2.7%, states that the effects of this war are “relatively limited” for now.