OECD sees global growth at 2.9pc in 2026 amid Middle East tensions
The report said that the evolving conflict in the Middle East will test the resilience of the global economy. A prolonged period of higher energy prices would add markedly to business costs, raise consumer price inflation, and have adverse consequences for growth. Kenya breaking ..
✨ Key Highlights
The Organization for Economic Cooperation and Development (OECD) projects global economic growth to slow to 2.9 percent in 2026, citing Middle East tensions as a significant risk factor.
- Global growth forecast: 2.9% in 2026, down from 3.3% in 2025.
- Key organization: OECD, issuing its latest Economic Outlook.
- Major concern: Evolving Middle East conflict could lead to sustained higher energy prices, impacting business costs and consumer inflation.
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Prepare for Turbulence: Prolonged Middle East Conflict Reshapes Air Travel - March 2026
A prolonged conflict in the Middle East has significantly disrupted global air travel, impacting major Gulf aviation hubs like Dubai, Abu Dhabi, and Doha. This disruption threatens the successful "Gulf model" of aviation which has made long-distance travel more affordable. South Korea is expanding fuel tax cuts to ease financial pressure on citizens amidst ongoing Middle East conflict. Skyward Airlines will increase its ticket prices starting April 1, 2026, due to escalating aviation fuel costs, implementing a fuel surcharge on all tickets. The OECD projects global economic growth to slow to 2.9 percent in 2026, citing Middle East tensions as a significant risk factor.
