Global Scans · Economy · Weekly Summary

DRIVER: The global economy still faces serious headwinds and political uncertainty potentially balanced by the enormous promise of technological advancements in many fields. Read on to get a solid handle on the opportunities and risks you and your organization may likely face and set your sails accordingly.

• [New] With the UAE leaving, OPEC will lose about 15% of its total production capacity. Bastillepost
• [New] With the constraints of OPEC membership removed, Abu Dhabi is now aiming to raise its production capacity to five million barrels per day by 2027, according to Free Malaysia Today. Market Research Company - Blackridge Research & Consult
• [New] While the Australian economy has been more resilient than expected, new tariffs and increasing trade tensions are reshaping global growth, currency markets and business confidence. Octet
• [New] If elevated oil prices persist for several months, they could have a sustained impact on global inflation, complicating the policy outlook for central banks. Economic Times
• [New] By 2040, average health spending across OECD countries, funded by public resources, will increase to between 11.2% and 11.8% of GDP, up from 8.8% in 2018, outpacing both the overall economy and government revenues. PubMed Central (PMC)
• [New] A record global net profit of US$41bn in 2026 is anticipated for airlines driven by continued global growth and lower fuel prices. KPMG
• [New] The tax-to-GDP ratio is targeted at 15% by 2035, to be achieved through expanded economic activity rather than a higher tax burden. / Bangladesh The Daily Star
• [New] Advantage has hedged approximately 42% of forecasted crude oil and NGL production in 2026 and 26% in 2027. Advantage Energy Ltd.
• [New] Advantage has hedged approximately 41% of forecasted natural gas production in 2026, 29% in 2027, and 18% in 2028. Advantage Energy Ltd.
• [New] A rise in global energy costs can push swap rates up because markets price in the risk of higher inflation persisting, even if Bank Rate itself does not move. Mortgage One
• [New] Planned projects, including new wells at Prudhoe Bay in Alaska's North Slope and new infrastructure to bring North Slope production to market, such as the Alaska LNG Project, could contribute to increasing proved reserves in the future. EIA - Energy Information Administration
• [New] Following the UAE's exit from Opec, Abu Dhabi has room to pursue its ambition to raise production capacity to five million barrels per day by 2027 without the constraints of a group quota. The National
• [New] Adnoc said on Sunday it will award Dh200 billion ($55 billion) in project contracts over the next three years, accelerating a construction push that doubles as a bet on the UAE's industrial economy. The National
• [New] Investment commitments for new factories will reverse the recent decline in manufacturing jobs and that consumer activity will improve dramatically as people receive increased tax refunds in 2027. KRGV
• [New] In 2026, economic factors will play a pivotal role in shaping the wood mill industry. International Fluid Power Inc.
• [New] Approximately 170 million new jobs will be generated this decade as economies change, most of them in the areas of AI, green energy, advanced manufacturing, and data-driven services. Automate
• [New] With roughly one-third of all outstanding corporate bond debt maturing by 2027, according to the Organization for Economic Cooperation and Development, and potentially needing to be refinanced at materially higher rates, CEOs are prioritizing cost management to free up resources to drive growth. Oliver Wyman Forum
• [New] The Fed will maintain higher interest rates for longer to combat persistent inflation, delaying potential rate cuts. MEXC
• [New] Energy inflation will peak in the third quarter. MEXC
• [New] Energy prices will remain elevated through the end of the year. MEXC
• [New] By 2030, the United States will need to add enough new resources to serve approximately 200 GW of peak demand. Energy.gov
• [New] A balanced and forward - looking approach The UAE reaffirmed that its production policies will be guided by responsibility and market stability, taking into account global supply and demand. tradearabia
• [New] With a large and competitive resource base, the UAE will continue working with partners to develop resources, supporting economic growth and diversification. tradearabia

Last updated: 05 May 2026