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Economics2h 42m ago
The 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.
global
Who
World Bank, Indermit Gill
What
The 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.
When
Fri, 12 Jun 2026 17:50:03 GMT · 2h 42m ago
Where
global ·
Why
A conflict in the Middle East has sent energy markets into upheaval, pushed Brent crude to $94 a barrel, and reignited inflationary pressures, compounding crises including the COVID-19 pandemic, Russia’s invasion of Ukraine, and a historic rise in interest rates.
The Frontline Impact
How this affects you
Nearly one out of every two developing economies has failed to close the income gap with wealthier nations since 2019, and by the end of this year, one-quarter of all developing economies will be poorer than before the COVID-19 pandemic.
Story chain
2 events in this thread- Currently Reading2h 42m 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.
- Economics2h 42m 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.Open article
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