Moody's announced its global economic forecasts: Slow growth will continue until 2028

Moody's said it expects global economic growth to slow to 2.6% in 2026 and to hold near that level through 2027 and 2028, extending a period of weak expansion across major economies. The ratings agency also projected that oil prices would begin declining from mid-2027, easing inflation pressures, while flagging that the pace of growth in artificial intelligence investment would slow markedly. The forecasts point to a prolonged stretch of subdued global momentum rather than a sharp downturn, with softer energy costs offering only partial relief to households and businesses. Investors will watch whether oil prices indeed peak and reverse around mid-2027 as projected, and whether AI-related capital spending cools faster than expected, a shift that could weigh on technology earnings and broader growth.