The World Bank has downgraded its 2026 global growth forecast to 2.5%, citing the impact of the Middle East conflict on energy supply, which has driven up oil and fertilizer prices and intensified global inflationary pressures; if energy supply disruptions worsen further and trigger noticeable stress in financial markets, global growth could fall as low as 1.3%. In its biannual Global Economic Prospects report, the World Bank stated that global economic growth in 2025 is projected at 2.9%, an upward revision of 0.2 percentage points from January’s estimate, but the 2026 outlook has been reduced by 0.1 percentage points compared to January's forecast—marking the lowest level since the onset of the COVID-19 pandemic. The report forecasts that global inflation will reach 4%, with policy uncertainty and high interest rates likely to persist for years.
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Original article: toutiao.com/article/1867764692939018/
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