UN Downgrades 2026 Global Growth Forecast to 2.5%, Citing Middle East Crisis
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The United Nations, in a report from its New York headquarters, has downgraded the global GDP growth forecast for 2026 to 2.5%, 0.2 percentage points lower than the January forecast. This revision is attributed to the Middle East crisis reigniting inflationary pressures and increasing global economic uncertainty. The report identifies soaring energy prices and disruptions in fertilizer supply as primary causes, with West Asia being the hardest-hit region, where growth is projected to plummet from 3.6% to 1.4%. Despite support from robust labor markets, inflation is expected to rise in both developed and developing economies, further worsening the weak economic outlook.