OECD Expects AI Boom to Help Offset Middle East Energy Shock for Now
The OECD said AI infrastructure spending added resilience, while Middle East conflict risks could cut global growth by 0.7 percentage points next year.
- On Wednesday, the Organization for Economic Cooperation and Development raised its 2026 global growth forecast to 2.9%, a 0.1 percentage point increase over June's estimates despite Middle East conflict.
- Strong spending on AI infrastructure, including data centers and semiconductors, has fueled global economic resilience, boosting growth in the United States and lifting technology exports from Japan and Korea.
- Divergent regional outlooks persist across major economies: the United States expects 2.2% growth, China slows to 4.5%, Canada's forecast was cut to 0.9%, and Euro zone growth holds at 1.0%.
- Surging government bond yields and extreme weather related to El Niño threaten the global outlook, with the OECD warning these risks could reduce growth by 0.7 percentage points next year.
- Global growth projections for 2027 dropped to 3.0%, with the OECD emphasizing that rising bond yields require enhanced efforts to strengthen revenues and ensure longer-term debt sustainability.
54 Articles
54 Articles
The OECD has slightly upgraded its forecast for global economic growth in 2026 to 2.9%, despite the continuation of the war in the Middle East. The effects of the war are being offset by public aid aimed at mitigating the effects of soaring energy prices or by dynamic investments in the field of Artificial Intelligence. The Organization's quarterly report Despite the upward revision of 0.1 of a percentage point compared to the forecast made by t…
The Organisation for Economic Cooperation and Development (OECD) has slightly increased its growth forecast for 2026. It now expects global growth of 2.9 percent. This is 0.1 percentage points more than the June forecast. Overall, however, the global economy is losing momentum.
Deutsche Welle
tempo.coGrowth 'resilient' despite Middle East war, OECD says
The OECD group of industrialized nations put its 2026 growth forecast at 2.9%. It said investment in AI was helping drive growth, while the war in the Middle East was fueling inflation.
Reformatorisch Dagblad
Investments in artificial intelligence are helping the global economy stay on track slightly better than expected this year. At the same time, high energy costs are proving more persistent than anticipated, making 2027 look less favorable. This is stated in a report by the Organization for Economic Cooperation and Development (OECD).
The OECD predicts that the global economy will grow by 2.9% in 2026 and 3% in 2027, according to the updated projections released today, which represent a slight upward revision for this year and downwards for the next.
However, compared to growth of 3.4 percent last year, the world economy is losing momentum. The OECD stresses that the Iran war remains the biggest risk.
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