The world economy has proven "surprisingly" durable in the face of adversity this year, the Organisation for Economic Co-operation and Development (OECD) said on Tuesday, raising its growth estimates for some major economies, notably the U.S. and the eurozone, as well as TΓΌrkiye.
In its latest Economic Outlook, the 38-country OECD forecasts the world economy to grow 3.2% this year, down a tick from 3.3% in 2024, before slowing modestly to 2.9% in 2026, leaving its forecasts untouched from its last estimates in September. It predicted a rebound to 3.1% in 2027.
The gradual implementation of new trade policy barriers, political uncertainty and declining investment had put the brakes on growth, but demand had held up astonishingly well, the organization, which does economic research and promotes international trade and prosperity, said.
Easier global financial conditions, supportive macroeconomic policies, real income growth, and strong demand for new AI-related investments, particularly in the U.S., were supporting
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