"The energy price surge and the unpredictable nature of the evolving conflict in the Middle East will raise costs and lower demand, offsetting the tailwinds from strong technology-related investment and production, lower effective tariff rates and the momentum carried over from 2025."
"The OECD projects U.S. headline inflation will be 4.2% this year, up 1.2 percentage point from its previous projection in December."
"Energy price pressures will still weigh on the economy in the near term."
Governments with high debt may need to increase spending to support households facing rising costs. The OECD projects U.S. inflation at 4.2% for this year, with expectations of a decline to 1.6% by 2027. G20 inflation is projected at 4%, with a slower decline to 2.7%. The global economy is expected to grow at 2.9% this year, while the U.S. economy is projected to grow at 2%. Energy price pressures will continue to impact the economy in the near term.
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