World Bank trims 2026 global growth forecast to 2.5% amid Middle East conflict
The World Bank has lowered its projection for global GDP growth in 2026 to 2.5%, citing the economic fallout from the ongoing war in the Middle East. The bank says a more severe energy shock that disrupts markets could cut growth to 1.3%, while baseline assumptions include higher oil prices and a rise in headline inflation to 4%. Regional forecasts…