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US-Iran war to pull global economy to post-COVID low: World Bank
Global growth forecast cut to 2.5 percent due to surging energy prices, inflation and borrowing costs.
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The Washington institution cut its global growth forecast by 0.4 percentage points to 2.5 percent, citing surging energy prices, inflation and borrowing costs. The conflict in the Middle East is set to bring global economic growth to its slowest since the COVID-19 pandemic, the World Bank has warned.
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