Global growth is slowing to lowest level since pandemic, says World Bank

The World Bank has downgraded its global growth forecast for 2026 to 2.5%, marking the lowest level since the Covid pandemic, primarily due to the ongoing war in the Middle East, which is expected to drive inflation and increase borrowing costs.

This significant reduction in growth expectations highlights the vulnerability of the global economy to geopolitical tensions, suggesting that many countries may face economic challenges, impacting investment, consumer spending, and overall economic stability in the coming years.