14 Hrs
Source:
Sky News
OECD revises 2026 global growth to 2.9%
The Organisation for Economic Co-operation and Development (OECD) expects global economic growth to slow to 2.9% in 2026, showing a slight improvement from previous forecasts (2.8%), driven by investments fueled by artificial intelligence. However, ongoing energy crises and geopolitical conflicts, especially in the Middle East, could reduce growth to 3% in 2027, down from 3.1% in June. The report warned of significant risks, including market volatility, weather-related emergencies, and rising bond yields. The organization also projected global inflation to rise to 4.1% in 2026 and 3.6% in 2027, potentially forcing central banks to adjust interest rates. Growth forecasts for major economies, such as the United States, China, and the European Union, highlight the impacts of economic measures and technological investments, with varying inflation and growth rates among countries.
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