Israel’s Attack on Iran: World Bank Cuts Global Growth Forecast Amid Oil Shock

Описание: The World Bank has slashed its global growth forecast for 2026 to 2.5%, warning that the ongoing West Asia conflict could deal a severe blow to the global economy. In its latest Global Economic Prospects report, the bank cautioned that growth could fall as low as 1.3% if energy supply disruptions intensify and trigger financial market stress. The conflict involving Iran, Israel, and the US has pushed oil prices higher, while disruptions around the Strait of Hormuz have raised concerns over fuel, fertilizer, and food supplies worldwide. The World Bank expects Brent crude to average 94 dollars per barrel this year, but warns that prices could rise to 115 dollars if disruptions persist. Chief Economist Indermit Gill said the global economy faces mounting uncertainty, stubborn inflation, and elevated interest rates, making it less resilient to shocks than in previous crises.

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