finance
World Bank Cuts 2026 Global Growth Forecast After Two-Thirds of Economies Weaken
The World Bank reduced its outlook for worldwide economic expansion this year, citing the effects of conflict in the Middle East on trade and prices.
Jun 11, 9:40 AM·1m read1 source
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The World Bank lowered its projection for global economic growth this year, stating that two-thirds of economies have seen their prospects deteriorate. The downgrade follows disruptions to commodity flows caused by the Middle East war, which has also increased the cost of imports for many countries.
The bank attributed the weaker outlook directly to these supply and price pressures rather than to domestic policy shifts in individual nations.
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