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OECD’s Alarming Prediction: A Global Recession Looms Amid Escalating Trade Wars
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OECD’s Alarming Prediction: A Global Recession Looms Amid Escalating Trade Wars
The global economy is currently on the precipice of a significant downturn, as indicated by a startling report released by the OECD on May 6, 2026. With the escalating trade conflicts between the United States and China, the organization has issued a prediction of a looming global recession by the third quarter of 2026. This grim forecast projects a worldwide GDP growth rate of -1.2%, a stark contrast to the positive trends observed in recent ye…
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