World Bank: Iran conflict weakens global growth
The World Bank has lowered its forecast for global economic growth in 2026 to 2.5%, down from 2.9% in 2025, citing the escalation of the war in the Middle East and its impact on energy prices and inflation. It also anticipates additional funding of up to $100 billion for affected countries. The conflict's greatest impact is on low-income developing countries, where pressures are increasing as the Hormuz Strait remains closed and global food security continues to deteriorate.
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