Our Ministerial Council Meeting is taking place on 3-4 June 2026.
Chaired by Finland, with Korea and New Zealand serving as Vice-Chairs, this year's meeting focuses on Getting industrial policies right for open markets, growth and prosperity.
Ministers have concluded the 2026 MCM. The Council welcomed a new OECD Recommendation on Quantum Technologies. It also noted the Implementation Plan of the Strategic Framework for Latin America and the Caribbean, as well as the progress made towards an enhanced partnership with Africa.
Our Ministerial Council Meeting is taking place on 3-4 June 2026.
Chaired by Finland, with Korea and New Zealand serving as Vice-Chairs, this year's meeting focuses on Getting industrial policies right for open markets, growth and prosperity.
The OECD (Organisation for Economic Co-operation and Development) is a forum and knowledge hub for data, analysis and best practices in public policy. We work with over 100 countries across the world to build stronger, fairer and cleaner societies – helping to shape better policies for better lives.
The conflict in the Middle East has become the dominant force shaping the global economic outlook. In light of the uncertainty surrounding its duration and extent, the Economic Outlook provides two scenarios for the global economy. In a time-limited disruption scenario, the sizeable disruptions are assumed to remain relatively short-lived, while in a prolonged disruption scenario, broader disruptions last well into 2027, much longer-lasting negative consequences.
In the time-limited scenario, growth is set to slow modestly in North America and Europe before a tentative recovery, with the United States easing to 2.0% in 2026 and 1.8% in 2027, Canada dipping to 1.2% before rebounding to 1.7%, Mexico strengthening to 1.9% by 2027, the United Kingdom from 0.9% to 1.1%, while China moderates steadily to 4.5% in 2026 and 4.3% in 2027.
Economic, De‑risking and Financing Instruments for Industry Decarbonisation
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