Paul Hannon

The impact of the conflict in the Middle East on global growth and inflation will partly depend on the damage caused to energy infrastructure, the chief economist of the Organization for Economic Cooperation and Development said.

Paul Hannon The impact of the conflict in the Middle East on economic growth and inflation around the world will partly depend on the damage

The global economy is set to grow more slowly than previously expected even if the truce in the Middle East proves lasting, the head of the International Monetary Fund said Thursday.

Paul Hannon The European Central Bank would have to raise its key interest rate more than would otherwise be the case if governments are

Business activity in Europe and Asia slowed in May as energy costs rose and new orders cooled, an indication the fallout from the conflict in the Middle East has weakened the global economy.

Economists worry that a sharp drop in immigration could weaken economic growth as the current workforce ages and starts to retire.

Should the disruption to energy production and shipping stretch well into next year, global growth could slide to 2.1% in 2026 and 1.8% in 2027.

The OECD just issued a stark warning on the cost to the global economy if the war drags on without a resolution. If energy production in the Persian Gulf starts to recover this month, OECD expects a 2.8% expansion for this year, a slowdown from last year's 3.4% growth. But if the disruption to

The central bank looks set to raise its key interest rate next week, seeking to send a strong message on inflation at a time when the eurozone economy is at risk of a slide into recession.

Live updates on markets and the top finance, economics and business stories. Plus the latest on oil prices, the Dow, S&P 500 and Nasdaq.