Citing fallout from Iran war, World Bank cuts forecast for global economic growth - BNN Bloomberg
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Heuristic (v1/v3)
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ML v2 (DistilBERT)
0.278 · RIGHT
Ensemble
0.139 · CENTER
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Article Excerpt
WASHINGTON — The economic fallout from the Iran war — higher energy prices and increased uncertainty — will drag down global growth this year, the World Bank said Thursday.
The 189-country anti-poverty agency expects the world economy to grow just 2.5% this year, its weakest performance since the COVID-19 pandemic upended global commerce six years ago.
The bank downgraded its forecast for growth in two-thirds of the world’s countries.
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But the United States, which started the war by joining Israel to attack Iran on Feb. 28, is being spared a downgrade…
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