{
  "id": 9352131,
  "title": "OECD cuts Argentina's 2026 growth forecast to 2.6%",
  "url": "https://urgent.news/2026/09/23/oecd-cuts-argentinas-2026-growth-forecast-to-2-6",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-23T14:13:41.000Z",
  "source": {
    "name": "Buenos Aires Times",
    "slug": "buenos-aires-times",
    "url": "https://www.batimes.com.ar/news/economy/oecd-cuts-argentinas-2026-growth-forecast-to-26.phtml"
  },
  "original_language": "en",
  "account": "The Organisation for Economic Cooperation and Development (OECD) has revised Argentina's growth forecast for 2026 downwards to 2.6 percent, down from the previous estimate of 2.8 percent. The Paris-based organisation had earlier predicted 2.8 percent growth for Argentina. In 2027, the OECD lowered its growth forecast for Argentina to 3 percent, from the earlier projection of 3.5 percent. Despite the downgrade, the OECD continues to expect inflation in Argentina to decrease, revising its forecast for 2026 to 30.8 percent from 31.1 percent. The latest outlook from the OECD comes as it slightly raised its global economic growth forecast for 2026, citing the resilience of the world economy despite the impact of the war in the Middle East. Within Latin America, only Mexico is expected to outperform Argentina, with its growth forecast now standing at 1.5 percent in 2026, up from 1.0 percent previously, and 1.8 percent in 2027. Brazil is also anticipated to expand by 2 percent this year, an increase of 0.4 percentage points, before slowing to 1.9 percent in 2027, a 0.2 point decrease from the previous forecast. The OECD warns that the region faces significant risks, including extreme weather and rising food prices. It estimates the likelihood of an El Niño event between October and December 2026 at 95 percent, which could result in significant disruptions to agricultural production and exacerbate food price pressures. Argentina's agriculture sector, a key export and foreign-exchange earner, would be particularly vulnerable to such disruptions. The OECD projects global economic growth at 2.9 percent in 2026, an increase of 0.1 percentage point from its June forecast of 2.8 percent, and 3 percent in 2027. The global economy has defied expectations in the face of the energy-supply crisis caused by the Middle East conflict, although persistent inflationary pressures and uncertainty are weighing on the short-term outlook. The OECD attributes the global economy's resilience to large oil inventories, additional supply from outside the Gulf economies, and government support measures. The report also highlights the role of substitute commodities like coal and oil reserve withdrawals in mitigating the impact of the conflict. The OECD notes that the Middle East conflict continues to pose uncertainties, including disruptions to oil and gas supplies via the Strait of Hormuz. It warns of higher natural gas prices and increased competition between Europe and Asia for liquefied natural gas cargoes as European countries strive to replenish their reserves ahead of the winter.",
  "summary": "Global economy isproving more resilient than expected despite the Middle East conflict, says OECD; Weaker forecasts for Argentina and much of Latin America reflect mounting energy, inflation and climate risks. Leer más",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}