OECD ups 2026 global growth to 2.9

The Organization for Economic Co-operation and Development (OECD) has raised its global economic growth forecast for 2026 to 2.9%, attributing this to AI-driven investments that have bolstered economic stability somewhat. However, the organization warns that a surge in commodity prices and conflicts in the Middle East could slow growth to 3% in 2027, with potential negative effects on economic inflation. It emphasized that factors such as energy market volatility, extreme weather conditions, and rising bond yields could reduce growth to 2.2% in the United States, while China and the Eurozone may experience a slowdown, alongside persistent inflation in Japan.

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