OECD warns of slower global growth, Argentina forecast holds
The OECD has updated its global growth forecasts, warning of slower growth due to the ongoing conflict in the Middle East. Despite this, Argentina's economy is projected to grow by 2.8 percent in 2026, unchanged from previous estimates. The report highlights the impact of rising energy and fertilizer costs on inflation and economic stability worldwide.
- ▪The OECD has cut its global growth forecast from 3.4 percent in 2025 to 2.8 percent in 2026.
- ▪Argentina's GDP is expected to grow 3.5 percent next year, primarily driven by exports from energy, mining, and agriculture.
- ▪The OECD emphasizes the need for governments to diversify energy supplies and reduce dependence on imported hydrocarbons.
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Argentina's economy is forecast to grow 2.8 percent in 2026 despite a worsening global outlook, according to an updated projection by the Organisation for Economic Co-operation and Development (OECD). In its latest report – ‘Under Pressure’ – the Paris-based organisation warns that the conflict in the Middle East is set to slow world growth and fuel inflation through higher energy and fertiliser costs. As a result, the OECD has cut its global growth forecasts, stating that the economic consequences of the war involving the United States, Israel and Iran would continue to be felt well beyond any eventual ceasefire. The OECD now expects global growth to slow from 3.4 percent in 2025 to 2.8 percent in 2026 if disruptions remain limited.
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