World Bank cuts global growth outlook to 2.5%, warns of drop to 1.3% if war fallout spreads to markets - Reuters

The World Bank has lowered its global growth outlook to 2.5%, warning that growth could plummet to 1.3% if war fallout impacts markets. The global economy is fraying as the US-led war on Iran disrupts energy markets, risking prolonged economic stagnation. These disruptions are expected to disproportionately affect inflation and emerging markets. The institution emphasizes that escalating conflicts and energy instability pose significant threats to the stability of the overall global economic landscape.