The Organization for Economic Cooperation and Development estimates that, even if the U.S. and Iran soon reach a permanent ceasefire, worldwide economic growth will continue to suffer at least into 2027, and perhaps beyond.

The OECD warns that prolonged Middle East tensions could slash global GDP growth to 2.1% in 2026, down from 3.4% in 2025, triggering potential recessions worldwide.

The war in the Middle East has dented economic growth prospects worldwide, with a more severe shock likely if no effective ceasefire is agreed before 2027, the OECD warned…