The Organisation for Economic Co-operation and Development (OECD) has released an interim economic outlook suggesting that the global economy has performed better than initially feared following the onset of conflict in the Middle East. According to the report, the global market successfully absorbed initial shocks through the release of strategic oil stockpiles, a reduction in energy imports by China, and a transition to alternative fuel sources, including coal.

Despite this resilience, the OECD warns that the economic outlook remains fragile and is heavily dependent on a lasting resolution to regional conflicts. While the global picture shows some stability, specific regional forecasts have been adjusted downward. BBC News reports that the UK economy, in particular, is now expected to grow by less than previously anticipated next year. The OECD identifies higher energy prices, driven by the ongoing conflict and climate-related factors, as primary risks that could stifle future growth. The Guardian emphasizes that while the global economy has withstood the strain, the situation remains precarious, with the OECD stressing that the current stability is not guaranteed if the geopolitical environment deteriorates further.