US-Israel war in Iran may cut global growth to 2.5% in 2026
India, June 15 -- Global growth could slow to 2.5% in 2026 as a result of US-Israel war in Iran.
This will be the weakest growth since COVID-19, driven by higher energy prices and fuels inflation.
Brent crude is seen averaging $94 a barrel, while global inflation may hit 4%.
World Bank is preparing up to $100 billion to cushion economies if conditions deteriorate further.
Global economic growth is expected to slow to 2.5 per cent in 2026, its lowest level since the COVID-19 pandemic, as the ongoing war in West Asia drives up energy prices, inflation and borrowing costs, according to the World Bank Group's latest Global Economic Prospects report. In response, the institution said it is prepared to provide up to $100 billion in financin...
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