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Economics1h 57m ago

The World Bank projects a slowdown in global economic growth to 2.5% this year, the lowest since the pandemic.

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Middle East, Strait of Hormuz

Who
World Bank, World Bank President Ajay Banga
What
The World Bank projects a slowdown in global economic growth to 2.5% this year, the lowest since the pandemic.
When
Thu, 11 Jun 2026 17:25:27 GMT · 1h 57m ago
Where
Middle East, Strait of Hormuz ·
Why
The slowdown is largely due to Middle Eastern conflict driving inflation and borrowing costs worldwide.
The Frontline Impact

How this affects you

This projected slowdown could lead to a 'lost decade' for many developing countries outside China and India, with rising debt and persistent inflation limiting their ability to handle economic shocks. Global inflation is expected to rise to 4% by 2026, and fertilizer costs could increase by 38%, impacting food production.

Story chain

4 events in this thread
  1. Currently Reading1h 57m ago
    The World Bank projects a slowdown in global economic growth to 2.5% this year, the lowest since the pandemic.
  2. Economics3h 37m ago
    The International Monetary Fund has lowered its growth forecast for the euro zone, attributing the decline to the U.S.-Israeli conflict's impact on Iran.
    Open article
  3. Economics4h 40m ago
    The World Bank cut its global growth forecast for 2026 to 2.5%, the slowest pace since the Covid-19 pandemic.
    Open article
  4. Economics5h 44m ago
    A UN report on the World Economic Situation and Prospects (Mid-2026) states that the crisis in West Asia is weighing on the global economy by slowing growth and causing price increases.
    Open article

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