WORLDQUARTZ
The Iran war is hammering the global economy worse than any crisis since COVID, the World Bank says
The World Bank cut its 2026 global growth forecast to 2.5%, attributing the decline to the Middle East war's impact on energy markets and inflation. The bank described the conflict as harming the global economy worse than any crisis since the COVID-19 pandemic.
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Adjacent reporting
- Citing fallout from Iran war, World Bank cuts forecast for global economic growth
- IMF says Iran war "halted" global economic momentum, expects hotter inflation
- IMF warns of slowing economic growth, rising inflation amid Iran war
- OECD Says Iran War Pressuring Growth, Inflation
- OECD warns of global slowdown as U.S.-Iran war stymies economic growth prospects