OECD Lowers Global Growth Forecast Amid Prolonged Middle East Conflict
The OECD has revised down its global growth forecast for 2026 to 2.8 percent, from 2.9 percent, under a scenario where Gulf oil and gas exports return to pre-conflict levels by the third quarter. If the Middle East war continues into 2027, global growth could slow to 2.1 percent, according to the OECD. The organization also warned that prolonged disruptions from the conflict may cause inflation, a
The OECD has lowered its 2026 global growth forecast from 2.9 percent to 2.8 percent under a scenario where Gulf exports of oil and gas return to pre-conflict levels in the third quarter, according to alarabiya. If the Middle East war continues into 2027, global growth could slow to 2.1 percent, the OECD said, as reported by alarabiya. The organization also warned that prolonged disruptions from the Middle East conflict may cause inflation and lead economies into recession, according to alarabiya.
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