Growth \u2018Resilient\u2019 Despite Middle East War, OECD Says<\/p>\n
Reporter<\/p>\n
September 23, 2026 | 05:16 pm<\/p>\n
TEMPO.CO, Jakarta - The OECD group of industrialized countries on\nWednesday lifted its global growth forecast for 2026 despite the war in\nthe Middle East.<\/p>\n
It put the figure at 2.9%, an increase of 0.1 percentage points over\nJune\u2019s estimates.<\/p>\n
The 38-member Organization for Economic Cooperation and Development\n(OECD) is a Paris-based forum for industrialized nations.<\/p>\n
What did the OECD say about 2026 growth?<\/p>\n
The OECD said growth remained \u201cresilient\u201d in 2026, and that \u201cbroader\nfinancial conditions remain supportive.\u201d<\/p>\n
It added that the impact of the Middle East war was being softened by\nother factors.<\/p>\n
\u201cSizeable oil inventories, additional supply from outside the Gulf\neconomies and discretionary government support measures all helped to\ncushion the impact on the global economy,\u201d the group said.<\/p>\n
It said investments in artificial intelligence could result in\n\u201cstronger growth than projected,\u201d but warned that growth could still\nslow if investments do not pay off as expected.<\/p>\n
Growth still threatened<\/p>\n
However, global growth has dropped from last year\u2019s 3.4%, and the\nOECD has also dropped its 2027 forecast by 0.1 percentage points to\n3%.<\/p>\n
Governments around the world have begun raising interest rates to\ncushion inflationary pressures sparked by rising oil and gas prices.<\/p>\n
The OECD stressed that the outlook depends on whether a lasting\nresolution to the conflict is found, as continued fighting would likely\nlead to higher inflation.<\/p>\n
The crisis has also led to an increase in government bond yields.<\/p>\n
\u201cRising bond yields underline more than ever the need for enhanced\nefforts to contain and reallocate government spending, improve\npublic-sector efficiency and strengthen revenues to ensure longer-term\ndebt sustainability and maintain the ability of governments to react to\nsignificant shocks,\u201d the OECD said.<\/p>\n
It said that other threats include weather-related risks like the El\nNino pattern, which could cause supply bottlenecks and high food\ncosts.<\/p>\n
Read: Trump Rejects International Efforts to Regulate AI at UNGA<\/p>\n
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