World Bank lowers global growth forecast on Iran war impacts

The World Bank on Thursday lowered its global growth forecast to its lowest level since the pandemic, warning of the expanding economic impacts of the war in the Middle East on countries around the globe.Worldwide growth is now forecast to drop to 2.5 percent in 2026, from 2.9 percent a year earlier, with headline inflation averaging four percent, the multilateral lender said in its Global Economic Prospects report.