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Economics3h 50m ago
The World Bank declared today that the global economy is on track to record its worst decade of growth since the 1960s, projecting global growth to slow to just 2.5% in 2026.
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Who
World Bank, Indermit Gill
What
The World Bank declared today that the global economy is on track to record its worst decade of growth since the 1960s, projecting global growth to slow to just 2.5% in 2026.
When
Fri, 12 Jun 2026 17:50:03 GMT · 3h 50m ago
Where
global ·
Why
A conflict in the Middle East has sent energy markets into upheaval, pushing Brent crude to $94 a barrel, and reignited inflationary pressures, compounding crises including the COVID-19 pandemic and Russia’s invasion of Ukraine.
The Frontline Impact
How this affects you
The current economic trajectory threatens to leave major developing economies poorer than they were before the pandemic, with significant implications for global poverty reduction and financial stability, unless substantial actions are taken now to leverage AI, clean energy, and regional trade.
Story chain
2 events in this thread- Economics3h 50m agoThe World Bank declared on Thursday that the global economy is on track to record its worst decade of growth since the 1960s, with global growth projected to slow to 2.5% in 2026.Open article
- Currently Reading3h 50m agoThe World Bank declared today that the global economy is on track to record its worst decade of growth since the 1960s, projecting global growth to slow to just 2.5% in 2026.