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War & Conflict2h 25m ago

The World Bank has cut its global growth forecast for 2026 to 2.5 per cent due to the war in the Middle East.

global

Who
The World Bank
What
The World Bank has cut its global growth forecast for 2026 to 2.5 per cent due to the war in the Middle East.
When
Thu, 11 Jun 2026 18:49:27 GMT · 2h 25m ago
Where
global ·
Why
The downward revision is due to high inflation and rising energy prices after shipping in the Strait of Hormuz virtually ground to a halt as a result of the conflict.
The Frontline Impact

How this affects you

This revised forecast indicates the weakest global economic growth since the pandemic, particularly impacting developing and low-income countries where a significant portion will be poorer by 2026 than in 2019.

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