World Bank lowers 2026 global growth forecast to 2.5% amid West Asia conflict, predicting significant commodity price increases.

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…