Middle East crisis: W’Bank readies $100bn support for developing nations

Middle East war pushes global growth to weakest rate since COVID 19 - World Bank - Businessday NG

World Bank cut 2026 global growth to 2.5% as Middle East conflict raises oil to $94/barrel and inflation to 4.0%. Slowest growth since COVID signals IT budget squeeze, delayed infrastructure spending, and rising enterprise costs—particularly acute for developing economies.