War Could Cut Global Growth to 1.3%: World Bank Chief Economist

War Could Cut Global Growth to 1.3%: World Bank Chief Economist

The World Bank has warned that a prolonged US-Iran conflict could slow global growth to 1.3% in 2026, while fuelling inflation, higher interest rates, and debt pressures. The conflict has already had a significant impact on the global economy, with trade tensions and supply chain disruptions causing widespread disruptions. The World Bank has also warned that the conflict could lead to a sharp decline in global trade, which could have a devastating impact on the global economy. The World Bank has urged governments to take immediate action to mitigate the impact of the conflict on the global economy.