OECD Warns Global Economic Outlook Faces Further Deterioration Risk

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OECD Secretary General Mathias Cormann warned that risks to the global economy have worsened due to the ongoing Middle East conflict, speaking at a G7 meeting. The statement signals potential headwinds for global growth. Safe-haven currencies like USD, JPY, and CHF may strengthen against risk-sensitive pairs. Commodity currencies could face pressure as geopolitical tensions threaten economic stability and trade flows.

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