Organisation for Economic Co-operation and Development (OECD)

A study presented at an upcoming European Central Bank conference found that wealthy nations with high immigration rates over 35 years experienced significant economic benefits, including increased GDP per worker and productivity. The research, led by University of California, Davis professor Giovanni Peri, highlights that immigration boosts growth even as political tensions rise in countries like the US, Germany, and Britain.

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.