(click to enlarge) The World Bank’s January forecast, which had expected the global economy to maintain relatively strong growth momentum, has been revised downward. The main reason for the adjustment is the impact of the escalating Middle East conflict, which has disrupted regional energy supplies, increased inflationary pressures and heightened expectations of monetary policy tightening. Global growth is now expected to slow to 2.5 percent in …
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.