Various-Global Growth/OECD Report
Various-Global Growth/OECD Report
Dateline : March 26, 2026/Recent/File
Location : Various
Duration : 1'08
FILE: Alberta Province, Canada - Jan 2025 (CGTN - No access Chinese mainland)
1. Various of land drilling rig in operation, mountains
FILE: Pleasanton, Texas, USA - 2016 (CCTV - No access Chinese mainland
2. Various of land drilling rigs in operation
FILE: Huntington Beach, California, USA - Oct 20, 2021 (CCTV - No access Chinese mainland)
3. Various of offshore oil rig
New York City, USA - March 23, 2026 (CGTN - No access Chinese mainland)
4. Various of gas prices; gas station
5. Gas prices
Warsaw, Poland - March 8, 2026 (CCTV - No access Chinese mainland)
6. Woman refueling oil at gas station
Warsaw, Poland - Recent (CCTV - No access Chinese mainland)
7. Various of man refueling car
Vienna, Austria - March 19, 2026 (CGTN - No access Chinese mainland)
8. Various of resident Rudolf refueling car at gas station
9. Aerial shot of gas station, price board
Global economic growth is projected to ease to 2.9 percent in 2026 from 3.3 percent in 2025, before edging up to 3.0 percent in 2027, the Organization for Economic Cooperation and Development (OECD) said in its latest Economic Outlook on Thursday.
The report said that the evolving conflict in the Middle East will test the resilience of the global economy. A prolonged period of higher energy prices would add markedly to business costs, raise consumer price inflation, and have adverse consequences for growth.
According to the report, economic growth in the United States will moderate from 2.0 percent in 2026 to 1.7 percent in 2027, as strong AI-related investment is gradually offset by a slowdown in real income growth and consumer spending.
In the Eurozone, economic growth is expected to ease to 0.8 percent in 2026, as higher energy prices weigh on activity, before rising to 1.2 percent in 2027, supported by stronger defense spending.
The report said that the global economic outlook remains highly uncertain. The projections were based on the assumption that current disruptions to global energy supply will gradually moderate from mid-2026 onwards. Persistent disruptions to exports from the Middle East could push energy prices even higher, aggravate shortages of key commodities, add to inflation, and reduce growth.
ID : 8472117
Published : 2026-03-27 14:24
Last Modified : 2026-03-27 18:20:48
Source : China Central Television (CCTV),China Global Television Network (CGTN)
Restrictions : No access Chinese mainland
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