OECD lifts 2026 global economic growth forecast to 2.9% despite Iran war disruption

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The OECD raised its forecast for global economic growth in 2026 to 2.9%, noting that the global economy has better absorbed energy shocks caused by the Iran war than expected. However, risks including persistent inflation, rising bond yields, and potential prolongation of the conflict remain threats to the outlook.

The OECD has nudged up its forecast for global growth this year to 2.9%, saying the world economy has absorbed the energy shock from the Iran war better than expected, but it warned that persistent inflation, rising bond yields and the risk of a longer conflict continue to cloud the outlook.