UN cuts global growth forecast, blaming Middle East crisis
The United Nations has revised its global growth forecast downward, attributing the change to the ongoing conflict in the Middle East. The UN now expects global GDP growth to be 2.5 percent in 2026 and 2.8 percent in 2027, a decrease from earlier predictions. Developing countries are particularly affected, with growth expected to lag significantly behind pre-pandemic levels.
- ▪The UN has cut its growth forecast for the global economy due to the fallout from the war on Iran.
- ▪Global GDP is projected to grow 2.5 percent in 2026 and 2.8 percent in 2027, down from earlier estimates.
- ▪Developing countries are expected to see a growth decline of 1.3 percentage points below the pre-pandemic average.
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Economy|Business and EconomyUN cuts global growth forecast, blaming Middle East crisisUN economists forecast global GDP to grow 2.5 percent in 2026 and 2.8 percent in 2027.ListenListen (3 mins)SaveClick here to share on social mediashare-nodesSharefacebookxwhatsapp-strokecopylinkgoogleAdd Al Jazeera on GoogleinfoAn Emirati patrol boat sails near a tanker anchored off Khor Fakkan, United Arab Emirates, on May 1, 2026 [Fatima Shbair/AP]By John PowerPublished On 20 May 202620 May 2026The United Nations has cut its growth forecast for the global economy, citing the fallout of the war on Iran.Global gross domestic product (GDP) is expected to grow 2.5 percent this year and 2.8 percent in 2027, the UN’s Department of Economic and Social Affairs said in its latest forecast on Tuesday.Recommended…
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