Eurozone & OECD

Eurozone: The Eurozone>>> manufacturing sector experienced a decline in demand and rising raw material costs due to the conflict, with its PMI falling.

OECD: The OECD released a report detailing the severe economic consequences of prolonged energy supply disruptions from the Middle East due to the Iran war.

Eurozone: The Eurozone>>> is expected to experience a slowdown in growth, from 1.4% to 0.8% this year, before a slight recovery.

OECD: The OECD>>> is the primary source of the economic forecasts and warnings regarding the impact of the Middle East conflict on global growth and inflation.

Eurozone: The contraction in Republic of Ireland>>>'s economy is expected to pull the entire Eurozone>>> into a contraction for the first quarter, impacting its overall economic outlook.

OECD: The OECD>>> had previously forecast a 1% GDP fall for Republic of Ireland>>> in 2026, but the Q1 data suggests a larger contraction.

Eurozone: The Eurozone's economic outlook remains stable, with growth forecasts unchanged despite the global slowdown, supported by resilient labor markets and interest rate cuts.

OECD: The OECD has significantly lowered its global economic growth forecasts due to the impact of trade tariffs, particularly those imposed by Donald Trump, and warns of further negative effects if protectionism continues.

Eurozone: The 20 economies sharing the euro currency are expected to expand 1.3% in 2025, an improvement from 2024.