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.

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…