UN lowers forecast for global economic growth
Responding to Middle East crises and rising oil prices, the United Nations has lowered its forecast for global economic growth.
U.N. economists said global GDP growth is now forecast at 2.5 percent for 2026, down from 2.7 percent in January.
That would be one of the weakest growth rates this century, outside of the COVID-19 pandemic and the global financial crisis of 2008, said Shantanu Mukherjee, director of economic analysis in the U.N. Department of Economic and Social Affairs.
Global inflation is projected to rise to 3.9 percent this year, 0.8 percent higher than forecast in January.
