On June 3, 2026 the OECD published its Economic Outlook. It says the conflict in the Middle East has become the dominant force shaping global prospects through an energy shock and inflationary pressure. Global growth slows from 3.4% in 2025 to 2.8% in 2026 and picks up to 3.1% in 2027 if the disruption is time-limited, and falls to 2.1% in 2026 and 1.8% in 2027 if it is prolonged.The conflict in the Middle East is casting a shadow over the world economy. The OECD, an international organisation, gave two outlooks: one in which the disruption ends fairly soon and one in which it drags on. If it ends soon, world growth in 2026 is 2.8%; if it drags on, 2.1%, a big difference.
Kitakyushu City certifies plans in which small and medium-sized businesses aim to raise labor productivity through equipment investment (advanced equipment introduction plans). Certification brings a property tax special measure and financial support. The new property tax relief applies to equipment introduced between April 1, 2025 and March 31, 2027, and certification must be obtained before the equipment is acquired.If a company makes a plan to bring in new machines to get more work done in the same time and the city approves it, the tax on the machines (property tax) can become lighter. What matters is getting approval before buying the machines.
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