Global growth forecast cut to 2.5 percent due to surging energy prices, inflation and borrowing costs.

The economic fallout from the Iran war — higher energy prices and increased uncertainty — will drag down global growth this year, the World Bank said Thursday

Forecast for this year downgraded to 2.5% and inflation expected to jump as a result of war in the Middle East

Global economic growth is set to slow to 2.5% this year. The World Bank attributes this to the Iran war, which has driven up energy prices and created uncertainty. Developing…