OECD says growth 'resilient' in 2026 despite Middle East war

The OECD group of industrialized countries on Wednesday lifted its global growth forecast for 2026 despite the war in the Middle East . It put the figure at 2.9%, an increase of 0.1 percentage points over June's estimates. The 38-member Organization for Economic Cooperation and Development (OECD) is a Paris-based forum for industrialized nations. The OECD said growth remained "resilient" in 2026, and that "broader financial conditions remain supportive." It added that the impact of the Middle East war was being softened by other factors. "Sizeable oil inventories, additional supply from outside the Gulf economies and discretionary government support measures all helped to cushion the impact on the global economy," the group said.