Economic Buzz: OPEC keeps world growth forecast unchanged

The Organization of Petroleum Exporting Countries (OPEC) reported on Monday that its global economic growth projections for 2026 and 2027 remained unchanged from the previous month's assessment and stood at 3.1% and 3.2%, respectively.

The United States gross domestic product (GDP) growth is anticipated to be at 2.2% in 2026 and 2% in 2027, unchanged from the previous forecast. The Eurozone's economic growth estimates also remained unchanged at 1% for 2026 and 1.2% for 2027. Meanwhile, China's economic growth forecast remained at 4.6% for this year and 4.5% for 2027, while forecasts for the GDP growth in Russia stayed at 1.3% for 2026 and 1.5% for 2027.

The global economic growth dynamic in 1H26 has remained broadly resilient. Growth in non-OECD Asian economies has been particularly robust, supported by global investment in AI, a steady expansion in international trade, and fiscal measures that have helped cushion the impact of higher energy costs, OPEC stated.

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