OECD forecasts global growth slows to 2.9% due to Middle East conflict.

The OECD projects global economic growth will slow to 2.9% in 2026 due to the ongoing Middle East conflict, which has driven up energy prices and increased inflation. The UK faces the largest downgrade among major economies, with growth forecast to drop to 0.7%, while the eurozone is also expected to grow at 0.8%.