OECD warns of inflation, slow global growth in case of prolonged Middle East conflict

The apparel, footwear and textile industries are bracing for impact as the evolving conflict in the Middle East reshapes the global economic landscape. According to the OECD’s latest “Economic Outlook,” a severe energy shock is driving up inflationary pressures and stifling global growth — factors that directly threaten fashion supply chains, manufacturing costs and consumer discretionary spending.