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OECD sees global growth at 2.9 pct in 2026 amid Middle East tensions

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OECD sees global growth at 2.9 pct in 2026 amid Middle East tensions

2026-03-27 14:24 Last Updated At:16:34

Global economic growth is projected to ease to 2.9 percent in 2026 from 3.3 percent in 2025, before edging up to 3.0 percent in 2027, the Organization for Economic Cooperation and Development (OECD) said in its latest Economic Outlook on Thursday.

The report said that the evolving conflict in the Middle East will test the resilience of the global economy. A prolonged period of higher energy prices would add markedly to business costs, raise consumer price inflation, and have adverse consequences for growth.

According to the report, economic growth in the United States will moderate from 2.0 percent in 2026 to 1.7 percent in 2027, as strong AI-related investment is gradually offset by a slowdown in real income growth and consumer spending.

In the Eurozone, economic growth is expected to ease to 0.8 percent in 2026, as higher energy prices weigh on activity, before rising to 1.2 percent in 2027, supported by stronger defense spending.

The report said that the global economic outlook remains highly uncertain. The projections were based on the assumption that current disruptions to global energy supply will gradually moderate from mid-2026 onwards. Persistent disruptions to exports from the Middle East could push energy prices even higher, aggravate shortages of key commodities, add to inflation, and reduce growth.

OECD sees global growth at 2.9 pct in 2026 amid Middle East tensions

OECD sees global growth at 2.9 pct in 2026 amid Middle East tensions

OECD sees global growth at 2.9 pct in 2026 amid Middle East tensions

OECD sees global growth at 2.9 pct in 2026 amid Middle East tensions

More than 560 cutting-edge scientific and technological achievements and products were showcased at the permanent exhibition of the Zhongguancun Exhibition Center during the 2026 Zhongguancun Forum (ZGC Forum) Annual Conference.

The intelligence zone enjoyed the greatest popularity. The zone showcased robots performing various real-world applications, from sorting goods to sewing needles.

"We installed more than 20 motors in the robot's hand, and each motor must be fast enough, powerful enough, and stable enough," said exhibitor Zhang Yanbai.

Technical solutions in frontier fields, such as automatic implantation of invasive brain-computer interface surgeries, also attracted flocks of visitors.

The exhibition also showcased technological achievements and the latest applications in fields such as intelligent manufacturing and commercial aerospace.

In addition, a special zone for the joint development of new productivity in the Beijing-Tianjin-Hebei region was set up, where representatives from the three regions focused on showcasing their projects, communicating with upstream and downstream enterprises, universities, research institutes, and related service providers to strengthen collaborative innovation and industrial cooperation.

The forum, running in Beijing from Wednesday to Sunday, is focused on the theme of "Full Integration Between Technological and Industrial Innovation."

Since its founding in 2007, the forum has become a major international event for advancing science and technology innovation.

Over 560 frontier sci-tech achievements showed at permanent exhibition during Zhongguancun Forum

Over 560 frontier sci-tech achievements showed at permanent exhibition during Zhongguancun Forum

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