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International Business Times
International Business Times
World
Ali BEKHTAOUI

FORGOTTEN HISTORY: Oecd ups world growth forecast but sees middle east risk | History Defined

Attacks on ships in the Red Sea has sharply raised shipping costs, the OECD says (Credit: AFP)

The OECD raised its 2024 world economic growth forecast Monday but warned that the Middle East conflict posed a risk, with disruptions in Red Sea shipping threatening to increase consumer prices.

The OECD now expects a 2.9 percent expansion, up from 2.7 percent in its previous forecast in November, as it sharply lifted the outlook for the United States, the world's top economy.

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