Israel’s economy is set to slow sharply this year as war costs widen the deficit, but the OECD expects a powerful 2027 rebound driven by construction, consumption and lower inflation, while warning that renewed fighting remains the key risk

Forecasts predicted that global economic growth will slow to 2.8% this year, from 3.4% in 2025.

Many countries would risk falling into recession if the war continues into 2027. Read more at straitstimes.com. Read more at straitstimes.com.