{"id":780128,"date":"2026-09-23T16:24:18","date_gmt":"2026-09-23T16:24:18","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/780128\/"},"modified":"2026-09-23T16:24:18","modified_gmt":"2026-09-23T16:24:18","slug":"oecd-says-growth-resilient-in-2026-despite-middle-east-war","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/780128\/","title":{"rendered":"OECD says growth ‘resilient’ in 2026 despite Middle East war"},"content":{"rendered":"

The OECD group of industrialized countries on Wednesday lifted its global growth forecast for 2026 despite the war in the Middle East<\/a>.<\/p>\n

It put the figure at 2.9%, an increase of 0.1 percentage points over June’s estimates.<\/p>\n

The 38-member Organization for Economic Cooperation and Development (OECD)<\/a> is a Paris-based forum for industrialized nations.<\/p>\n

\"TradersThe OECD said that ‘broader financial conditions remain supportive’Image: John Angelillo\/UPI Photo\/Newscom\/picture alliance<\/p>\n

What did the OECD say about 2026 growth?<\/p>\n

The OECD said growth remained “resilient” in 2026, and that “broader financial conditions remain supportive.”<\/p>\n

It added that the impact of the Middle East war<\/a> was being softened by other factors.<\/p>\n

“Sizeable oil inventories, additional supply from outside the Gulf economies and discretionary government support measures all helped to cushion the impact on the global economy,” the group said.<\/p>\n

It said investments in artificial intelligence could result in “stronger growth than projected,” but warned that growth could still slow if investments do not pay off as expected<\/a>.<\/p>\n

Growth still threatened<\/p>\n

However, global growth has dropped from last year’s 3.4%, and the OECD has also dropped its 2027 forecast by 0.1 percentage points to 3%.<\/p>\n

Governments around the world have begun raising interest rates to cushion inflationary pressures<\/a> sparked by rising oil and gas prices.<\/p>\n

The OECD stressed that the outlook depends on whether a lasting resolution to the conflict is found, as continued fighting would likely lead to higher inflation.<\/p>\n

\"GasThe United States and Israel’s war with Iran has sent oil and gas prices soaringImage: Matthew Hoen\/NurPhoto\/picture alliance<\/p>\n

The crisis has also led to an increase in government bond yields.<\/p>\n

“Rising bond yields underline more than ever the need for enhanced efforts to contain and reallocate government spending, improve public-sector efficiency and strengthen revenues to ensure longer-term debt sustainability and maintain the ability of governments to react to significant shocks,” the OECD said.<\/p>\n

It said that other threats include weather-related risks like the El Nino pattern<\/a>, which could cause\u00a0supply bottlenecks and high food costs.<\/p>\n

If you rely on our team for trusted reporting, please take a moment to select us as your Preferred Source on Google by clicking here and hitting the “star” or “preferred” button<\/a>, so you’ll always see our verified news first.<\/p>\n

Edited by: Sean Sinico<\/p>\n","protected":false},"excerpt":{"rendered":"The OECD group of industrialized countries on Wednesday lifted its global growth forecast for 2026 despite the war…\n","protected":false},"author":2,"featured_media":780129,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":["post-780128","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/780128","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=780128"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/780128\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/780129"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=780128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=780128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=780128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}