BNY: Middle East Conflict Now Main Driver of Global Outlook
BNY's Bob Savage says the OECD sees the Middle East conflict as the primary shaper of the global outlook, with surging energy and input prices boosting inflation and weighing on growth.
BNY's Bob Savage highlights that the OECD now views the Middle East conflict as the central factor driving the global economic outlook. Surging energy and input costs are lifting inflation and acting as a drag on economic growth.
The assessment underscores the shifting risk landscape for commodities, particularly oil, as geopolitical tensions reshape supply and demand expectations.
Source: BNY, OECD
Source: FXStreet Forex News