24-July-2026
Economy News
 
Escalating Middle East War Could Slash Global Growth to 1.3% in 2026, World Bank Chief Economist Says
23-Jul-2026

Escalating hostilities between the United States and Iran could reignite inflation, drive interest rates higher and knock global growth back to as low as 1.3%, down from 2.9% last year, World Bank chief economist Indermit Gill told Reuters.

News Source:- https://money.usnews.com/investing/news/articles/2026-07-22/escalating-middle-east-war-could-slash-global-growth-to-1-3-in-2026-world-bank-chief-economist-says