Since the U.S. and Israel attacked Iran on February 28, global growth prospects have weakened, with declining gross domestic product (GDP) forecasts pointing to a gloomy economic outlook.
The OECD has cut its global growth forecast, warning that the war in Iran, higher energy prices, and persistent inflation are weighing on the world economy.
In its latest quarterly update, the organization forecast global growth of 2.8% in 2026, down from a pre-war estimate of 3.4%.
It warned that if the conflict continues into 2027, growth could slow further to 2.1%.
The OECD said prolonged disruptions to the Persian Gulf would increase economic and social costs, weaken investment, and raise the risk of higher unemployment.
Economic Optimism Is Low Almost Everywhere
All but one group sat in the lower half of its own 25-year history in June. Only Republicans held above their midpoint.
The stories and data that matter today — selected by the TIPP Insights editorial team.
Global Affairs
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Report Claims Nuclear Talks With Iran Stalled Over Release Of $24B In Frozen Assets – TIPP News
U.S. Expands Pressure Campaign Against Cuba With New Sanctions – TIPP News
International Space Station Crew Told To Shelter In Spacecraft – TIPP News
National Affairs
The Backfire – Editorial Board, TIPP Insights
ICE Drops Requirement To Report Post-Release Fatalities – TIPP News
Concerns Grow Over Trump’s Choice To Lead Intelligence Community – TIPP News
What Is In The Senate’s New $70 Billion Immigration Bill – TIPP News
Lawmakers Introduce Draft Of Bill Preempting Some State AI Regulations For 3 Years – Elizabeth Troutman Mitchell, The Daily Signal
Economy
Why Is Trump’s Fannie Mae And Freddie Mac Plan Facing Delays – TIPP News
Strong Jobs Report Signals Labor Market Stability – TIPP News
What Is Included In The House Agriculture And FDA Funding Bill – TIPP News
Markets & Business
SpaceX IPO Faces S&P 500 Roadblock Despite Massive Valuation – TIPP News
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