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16 July 2026 / Report
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Copy LinkFollowing several downgrades to the global economic outlook earlier this year due to the war in the Middle East, there are growing signs that spending on Artificial Intelligence is buttressing growth across the world. GDP growth in several economies in Asia, and in the United States, is benefiting from spending on ICT equipment, R&D, and other AI-adjacent goods and services. While this trend will not fully offset the effects of the war, it should dampen the severity of its impact.
The Conference Board upgrades its 2026 forecast for global GDP growth by 0.1 percentage point (pp) to 2.8% y/y and maintains a forecast of 3.0% y/y for 2027. This revision is largely due to a modest increase in the forecast for the US economy (see more below).
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