Even if Oil Prices Peak Soon, the Global Economy Will Slow This Year

The Organization for Economic Cooperation and Development expects the global economy to slow down this year, despite potential peaking of oil prices. The ongoing Middle East war is anticipated to have long-lasting consequences that will impact the economy. These consequences are likely to be felt for an extended period, contributing to the economic slowdown. The organization's report highlights the war's significant and lasting effects on the global economy.

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