Mumbai, Nov. 12 -- The Organization of the Petroleum Exporting Countries (OPEC) raised its estimate for global economic growth in 2026 from 3% to 3.1% in its November report issued on Wednesday. For 2027, OPEC kept its prediction at 3.2%.
OPEC predicted that the United States' gross domestic product (GDP) will expand by 2.3% in 2026 and 2.1% in 2027, raising both forecasts by 0.1 percentage points. The Eurozone's economic growth was seen as going up by 1% in 2026 and 1.1% in 2027. The figures were revised upward by 0.2 and 0.1 percentage points, respectively. China's estimates were kept at 4.6% in 2026 and 4.5% in 2027. Russia's economy was predicted to expand by 1% in 2026 and 1.5% in 2027, lowering the first figure by 0.1 percentage poin...