Mathias Cormann
Coverage of Mathias Cormann in the Nexus archive.
- OECD chief urges governments not to go it alone on digital taxation
Mathias Cormann, the OECD chief, urges governments to avoid a fragmented approach to digital taxation as more countries consider duties on tech giants.
- Report: Disruption of Mideast energy supplies into next year would slam global economy
The OECD warns that prolonged energy supply disruptions from the Middle East due to the Iran war could severely impact the global economy, with Asian economies and poorer countries facing recession, inflation, and higher unemployment. The report highlights that a 90% reduction in shipping through the Strait of Hormuz has disrupted 20% of global crude oil and gas supplies, slowing growth to 1.8% in 2027 under a prolonged disruption scenario.
- Report: Disruption of Mideast energy supplies into next year would slam global economy
The OECD warns that prolonged disruption of Middle East energy supplies due to the Iran war could severely harm the global economy, causing recessions, inflation, and higher unemployment. Asian economies reliant on Persian Gulf energy and poorer countries spending more on fuel would be hardest hit, with global growth slowing significantly.
- OECD Says Iran War Pressuring Growth, Inflation
The OECD Secretary General Mathias Cormann discusses the impact of the Iran war on the global economy, stating it's putting downward pressure on growth and upward pressure on inflation. He spoke on the sidelines of a Group of Seven meeting in Paris. The conflict in the Middle East is affecting the economy.