News · 11 April 2026
War could cut global growth by one percent
President Joe Biden via Wikimedia Commons (Public Domain)
World Bank President Ajay Banga warned Friday that Middle East conflict could reduce global growth by up to 1% if fighting continues. He also cautioned that inflation could rise by 2 to 3 percentage points, as oil prices have already surged 50%. Both risks pose serious consequences for consumers and economies worldwide.
Reported by Reuters · How we write briefs
