OECD updated forecasts for global economic growth until 2027

The Organization for Economic Co-operation and Development (OECD; grouping together developed countries) has revised its estimate of global growth until 2027. The new figures were published in the September Economic Outlook report.

For the global economy, the GDP growth forecast has been revised upward for 2026, from 2.8 percent to 2.9 percent, but downgraded for 2027, from 3.1 percent to 3 percent. However, over the two-year period, this result will be slightly better than previously expected.

For Russia, expectations for 2026 remained unchanged - 0.5 percent, and for 2027 they were worsened from 0.8 percent to 0.6 percent. Also next year, China’s results are predicted to be slightly worse—not 4.3 percent, as it was in the summer, but 4.2 percent. Expectations for the current year were kept at 4.5 percent.

A noticeable improvement in the forecast is observed in relation to the United States - 2.2 and 2.1 percent in 2026 and 2027 versus the 2 and 1.8 percent mentioned in the last report. The new forecast for Europe also provides for 1 and 1 percent instead of 0.8 and 1.2 percent, which over a two-year horizon will give a slightly better result.