Keyword → global growth 2.8 percent

OECD June 2026 Outlook Cuts Global Growth to 2.8%, US to 2.0% — Warns of 2.1% Collapse and Recession Risk if Hormuz Stays Closed Into 2027

The OECD's June 2026 Economic Outlook cut its global growth forecast to 2.8% from 2.9% and its U.S. growth estimate to 2.0%, warning that a prolonged Middle East war could collapse worldwide growth to 2.1% — the deepest slowdown in 40 years outside COVID and the 2008 financial crisis. Global inflation is now projected at 4.0% for 2026, up from 3.4% in 2025, with eurozone growth slumping to 0.8%. The OECD's chief economist warned that energy-intensive AI investment could fall, raising unemployment.