Citing fallout from Iran war, World Bank cuts forecast for global economic growth

The World Bank cut its global economic growth forecast to 2.5% for 2026 due to the Iran war's impact, including higher energy prices and trade disruptions. The U.S. is expected to avoid a downgrade with 2.2% growth, while developing countries face sharper declines. The conflict caused energy price surges and fertilizer trade disruptions, risking food shortages.