Global growth is slowing to lowest level since pandemic, says World Bank
Forecast for this year downgraded to 2.5% and inflation expected to jump as a result of war in the Middle East Global economic growth will slow to 2.5% this year as a result of the war in the Middle East – the weakest since the Covid pandemic – as inflation and borrowing costs rise, the World Bank has warned.The Washington-based development bank has downgraded growth forecasts for two-thirds of countries in its half-yearly Global Economic Prospects report. The bank estimated that global growth
Global growth is slowing to lowest level since pandemic, says World Bank
Overview
Forecast for this year downgraded to 2.5% and inflation expected to jump as a result of war in the Middle East
Global economic growth will slow to 2.5% this year as a result of the war in the Middle East – the weakest since the Covid pandemic – as inflation and borrowing costs rise, the World Bank has warned.
Details
The Washington-based development bank has downgraded growth forecasts for two-thirds of countries in its half-yearly Global Economic Prospects report. The bank estimated that global growth was 2.7% in 2025.
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Originally published at www.theguardian.com.
