OECDJīng hé Zǔzhī经合组织to cut / lowerxiàtiáo下调multiple countriesduō guó多国growthzēngzhǎng增长forecast / expectationyùqī预期，Middle EastZhōngdōng中东situation / developmentsjúshì局势becomeschéng成main cause / primary reasonzhǔyīn主因。
March 26, 2026 at 2:00 PM
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BusinessOECD Cuts Growth Forecasts as Middle East Conflict Weighs on Global Economy
The OECD released its March 2026 interim economic outlook, downgrading growth forecasts for multiple countries as the Middle East conflict pushed up energy prices and intensified global inflationary pressure. The report projects 2026 global GDP growth to remain at 2.9 percent, while G20 inflation is expected to reach 4.0 percent, 1.2 percentage points above earlier forecasts.
The OECD released its 2026 mid-term economic outlook in March, indicating that the Middle East situation has already caused significant impact on the global economy. The report forecasts that global GDP growth will remain at 2.9 percent in 2026, with a slight recovery to 3.0 percent in 2027. However, the overall inflation rate for the G20 is expected to reach 4.0 percent, exceeding previous expectations by 1.2 percentage points, and will ease to 2.7 percent in 2027. Middle East conflicts have caused serious disruptions to global energy and commodity markets, with oil prices rising significantly and financial market volatility intensifying. The UK's 2026 economic growth forecast was revised down from 1.2 percent to 0.7 percent, while South Korea's forecast was also revised from 2.1 percent to 1.7 percent. The report also noted that the U.S. economy is expected to achieve approximately 2 percent year-on-year growth this year, but analysts warn that recession risks are increasing. The OECD emphasized that the current global economy faces significant downside risks, and countries need to be well-prepared to respond to persistent energy price increases.
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