LBCI

OECD cuts 2026 global growth forecasts over Mideast war fallout

World News

03-06-2026 | 03:03

Share

Share

OECD cuts 2026 global growth forecasts over Mideast war fallout

The war in the Middle East has dented economic growth prospects worldwide, with a more severe shock likely if no effective ceasefire is agreed before 2027, the OECD warned Wednesday.

Global economic growth is now forecast to reach 2.8 percent this year if Gulf exports of oil and gas return to pre-conflict levels in the third quarter, the group of 38 industrialised countries said in its quarterly update.

If the Mideast war continues into next year, however, global growth could slow to 2.1 percent, the OECD said.

AFP

World News

Middle East News

War

Middle East

Ceasefire

OECD

Ukraine drones hit Saint Petersburg as flagship economic forum opens

Previous

Recommended For You

Ukraine drones hit Saint Petersburg as flagship economic forum opens

02:57

Ukraine drones hit Saint Petersburg as flagship economic forum opens

Trump says will attend rescheduled White House press gala

14:08

Trump says will attend rescheduled White House press gala

Rubio: US has not offered Iran sanctions relief to reopen strait

13:15

Rubio: US has not offered Iran sanctions relief to reopen strait

Trump names housing finance chief as intelligence director

09:27

Trump names housing finance chief as intelligence director

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

Middle East Airlines cancels Kuwait flights amid airspace closure

03:42

Middle East Airlines cancels Kuwait flights amid airspace closure

Israel signals continued operations in South Lebanon despite ceasefire reports

News Bulletin Reports

12:55

Israel signals continued operations in South Lebanon despite ceasefire reports

Qatar PM holds call with Iran's Araghchi, urges 'immediate halt' to attacks: Statement

Middle East News

2026-03-04

Qatar PM holds call with Iran's Araghchi, urges 'immediate halt' to attacks: Statement

PM Salam’s media office: No bilateral meeting or remarks with Kallas in Luxembourg, report fabricated

2026-05-14

PM Salam’s media office: No bilateral meeting or remarks with Kallas in Luxembourg, report fabricated

Videos

Israeli army releases footage of first tank crossing Litani River toward Beaufort Castle

2026-05-31

Israeli army releases footage of first tank crossing Litani River toward Beaufort Castle

Iran uses cluster bombs to target Israel: AiTelly explains what happens when a missile is intercepted—Video

2026-03-25

Iran uses cluster bombs to target Israel: AiTelly explains what happens when a missile is intercepted—Video

At least 19 killed after strike destroys three-story building in Sir el-Gharbiyeh: Video

2026-03-08

At least 19 killed after strike destroys three-story building in Sir el-Gharbiyeh: Video

Israeli airstrike targets Beirut’s southern suburbs: Video

2026-03-06

Israeli airstrike targets Beirut’s southern suburbs: Video

Intense consecutive airstrikes hit Beirut’s southern suburbs: Video

2026-03-05

Intense consecutive airstrikes hit Beirut’s southern suburbs: Video

Israeli army launches evening airstrikes on Beirut’s southern suburbs after evacuation warning

2026-03-05

Israeli army launches evening airstrikes on Beirut’s southern suburbs after evacuation warning

Smoke rises over Beirut’s southern suburbs as Israel targets area: Video

2026-03-02

Smoke rises over Beirut’s southern suburbs as Israel targets area: Video

German President Steinmeier meets Lebanon's President Aoun at Baabda Palace—Video

2026-02-16

German President Steinmeier meets Lebanon's President Aoun at Baabda Palace—Video

Future Movement supporters mark Rafic Hariri anniversary, call for Saad Hariri's return to politics

2026-02-14

Future Movement supporters mark Rafic Hariri anniversary, call for Saad Hariri's return to politics

Most read

24 hours

7 days

Month

New round of Lebanon-Israel talks begin in Washington

1

New round of Lebanon-Israel talks begin in Washington

US Ambassador expresses optimism after Washington talks on Lebanon-Israel file

2

US Ambassador expresses optimism after Washington talks on Lebanon-Israel file

Sources to LBCI: Ali Hassan Khalil holds meetings in Doha, discusses ceasefire efforts with Qatari officials

3

Sources to LBCI: Ali Hassan Khalil holds meetings in Doha, discusses ceasefire efforts with Qatari officials

Last-minute diplomacy averted attack on Beirut, but not the war

4

Last-minute diplomacy averted attack on Beirut, but not the war

Israel signals continued operations in South Lebanon despite ceasefire reports

5

Israel signals continued operations in South Lebanon despite ceasefire reports

Israel says US backs striking Beirut suburbs if Hezbollah attacks north

6

Israel says US backs striking Beirut suburbs if Hezbollah attacks north

Israeli army issues evacuation warning to residents of Nabatieh, calls for immediate evacuation north of Zahrani River

7

Israeli army issues evacuation warning to residents of Nabatieh, calls for immediate evacuation north of Zahrani River

Hezbollah will not accept 'partial ceasefire' with Israel: Senior group official to AFP

8

Hezbollah will not accept 'partial ceasefire' with Israel: Senior group official to AFP

Download now the LBCI mobile app

To see the latest news, the latest daily programs in Lebanon and the world

Google Play

App Store

Download now the LBCI mobile app

We use
cookies

We use cookies to make
your experience on this
website better.

Accept

Learn More