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U.N. Cuts Global Growth Forecast to 2.5%, Blames Middle East Crisis
The downgrade reflects higher energy and food costs, with Western Asia hardest hit and global GDP growth projected at 2.5% in 2026, the U.N. said.
- On Tuesday, the United Nations cut its 2026 global economic growth forecast to 2.5%, citing the Middle East crisis as reigniting inflationary pressures and heightening uncertainty across global markets.
- Rising energy prices and supply chain disruptions from the conflict have surged costs globally, forcing developing economies to face accelerating inflation projected to rise from 4.2% to 5.2%.
- Western Asia faces the most severe impact, with growth projected to plunge from 3.6% to 1.4%, while China moderates from 5.0% to 4.6% and India eases from 7.5% to 6.4%.
- Developed economies face tightening conditions, with European Union growth slowing from 1.5% to 1.1%, Britain from 1.4% to 0.7%, and inflation rising from 2.6% to 2.9%.
- The conflict threatens progress toward Sustainable Development Goals, though a modest recovery is projected at 2.8% in 2027 if labor markets and AI-driven investment remain resilient.
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UNITED NATIONS (AP) — In response to the crisis in the Middle East and rising oil prices, the United Nations on Tuesday lowered its global economic growth forecast and raised its inflation outlook for this year…
·Pennsylvania, United States
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UN, 19 May (EFE).- The world economy will grow by 2.5% in 2026, two tenths less than expected in January, according to the latest UN outlook report, which attributes the decline to the impact of the conflict in the Middle East. In an update of its economic forecasts published on Tuesday, the agency expects world growth to be 2.5% in 2026, two tenths less than estimated in January. By 2027, the UN anticipates a slight recovery to 2.8%, in a conte…
Coverage Details
Total News Sources13
Leaning Left2Leaning Right3Center4Last UpdatedBias Distribution45% Center
Bias Distribution
- 45% of the sources are Center
45% Center
L 22%
C 45%
R 33%
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