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BREAKING: The Iran War will fuel a surge in US inflation to 4.2% this year, the highest in the G7, according to a newly released OECD forecast.
Details include:
1. The jump in inflation is expected to slow US GDP growth to 2.0% this year and 1.7% in 2027
2. Global growth is expected to slow from 3.3% last year to 2.9% in 2026
3. Headline inflation expectations in the G20 have been revised up by 1.2 percentage points in 2026 to 4%
4. Eurozone growth is expected to slow to just 0.8% this year
Potential rate HIKES in the US and EU are now back on the table.
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