The latest World Economic Forum report reveals a sharp decline in global economic outlook, with chief economists predicting weakened growth and rising inflation due to ongoing conflicts in the Middle East and disruptions in critical shipping routes.

The African Development Bank says Africa’s economic growth will slow in 2026 as Middle East tensions raise food and fuel prices while the continent battles a $1

The AfDB says real GDP per capita will slip and inflation will rise this year as a solution to the war in the Middle East proves elusive.