World Bank Warns U.S.-Iran Conflict Halves Global Growth

{"summary":"World Bank Chief Economist Indermit Gill warns that a protracted US-Iran clash could shrink global growth to about 1.3% in 2026, with inflation near 4.5% as energy prices surge and trade routes and supply chains are disrupted, prompting higher policy rates. The fallout would hit vulnerable, debt-burdened economies hardest by squeezing essential public services and raising borrowing costs, with spillovers for energy, commodities, and global markets as fertilizers, helium, and sulfur supplies are disrupted.","summary_sources":["https://finance.biggo.com/news/fbea4cac-e67b-4df0-b7a9-334e8dc26ec1","https://cryptobriefing.com/world-bank-iran-conflict-global-growth-warning/","https://one.news18.com/english/article/business/middle-east-war-threatens-global-growth-world-bank-warns-of-13-scenario-mfp-6914033196","https://www.firstpost.com/business/world-bank-warns-middle-east-war-could-push-global-growth-to-just-1-3-14033196.html","https://finance.biggo.com/news/b8701e13-e88d-43be-af30-919eb466ab13"]}