OECD Announces Global Growth Expectations and Risks
The international organization stated that the world economy maintained its resilience in the first half of the year, despite conflicts in the Middle East and energy shocks.
The Organisation for Economic Co-operation and Development forecasts that the global economy will grow by 2.9 percent in 2026 and 3.0 percent in 2027.
Global Growth and Risk Factors
The OECD reported that the global economy remained resilient in the first half of 2026 despite conflicts in the Middle East and an energy shock.
The organization expects the global economy to grow by 2.9 percent in 2026 and 3.0 percent in 2027, while emphasizing that downside risks are increasing rapidly.
Factors Supporting Resilience
High oil inventories and additional energy supply from producers outside the Gulf limited the impact of the energy shock.
Strong investments tied to artificial intelligence also played an important role in supporting investment, production, and global trade.
Country-by-Country Growth Forecasts
The US economy is expected to grow by 2.2 percent in 2026 and 2.1 percent in 2027. Growth in the Euro Area is projected to be 1.0 percent in both years.
Growth in the Chinese economy is expected to decline from 4.5 percent in 2026 to 4.2 percent in 2027.
Inflation and Commodity Expectations
The OECD expects inflation to rise again in the short term due to increases in commodity prices.
Headline inflation in G20 countries is projected to decrease from 4.1 percent in 2026 to 3.6 percent in 2027.