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OECD cuts 2026 global growth forecasts over Mideast war fallout

World News

03-06-2026 | 03:03

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OECD cuts 2026 global growth forecasts over Mideast war fallout

The war in the Middle East has dented economic growth prospects worldwide, with a more severe shock likely if no effective ceasefire is agreed before 2027, the OECD warned Wednesday.

Global economic growth is now forecast to reach 2.8 percent this year if Gulf exports of oil and gas return to pre-conflict levels in the third quarter, the group of 38 industrialised countries said in its quarterly update.

If the Mideast war continues into next year, however, global growth could slow to 2.1 percent, the OECD said.

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