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OECD: Global growth to slow to 2.8%

OECD: Global growth to slow to 2.8%

The Organisation for Economic Co-operation and Development (OECD) has projected that global economic growth will slow to 2.8% in 2026 from 3.4% in 2025, before rising to 3.1% in 2027. The ongoing conflict in the Middle East could decrease these growth rates to 2.1% this year and 1.8% next year if the situation persists through 2027. The organization anticipates that the U.S. economy will grow by approximately 2% this year and reach 1.8% in 2027. The euro area economy is expected to grow by 0.8% this year and 1.2% in 2027, with Germany's projections increasing to 0.7% and 1.1%, respectively. Meanwhile, China's growth is slowing to 4.5% this year and 4.3% in 2027.

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