World Bank: Iran conflict slows global growth
The World Bank has lowered its global economic growth forecast to 2.5% in 2026, down from 2.9% in 2025, due to the escalation of the U.S.-Iran war and its impact on energy prices and inflation. The conflict has led to a significant rise in oil and gas prices, with expectations of slower growth, particularly in Asia and the Middle East regions. The bank has allocated $60 billion to the most affected developing countries.
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