28 Days
Source:
الاقتصادية
EBRD cuts 2026 growth forecast over energy shock
The European Bank for Reconstruction and Development has lowered its growth forecasts for the economies of 41 countries in 2026 to 3.1%, due to rising energy prices and supply chain disruptions caused by the war in the Middle East. Its outlook has also declined for some countries such as Iraq and Lebanon by as much as 6 percentage points, with Lebanon's economy expected to contract by 2% and Iraq's by 1.5%. The report noted an increase in inflation to 6.4% and rising living costs, along with some exports shifting towards artificial intelligence products.
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