“UN cuts global growth forecast amid Iran war and energy shock The United Nations has lowered its global growth forecast for 2026 to 2.5 percent from an estimated 3 percent last year, citing rising energy costs and weaker trade linked to the US-Israel war on Iran. In its latest World Economic Situation and Prospects report, the UN warned that low-income families in developing countries were being hit hardest as food and energy prices outpaced wages. The report also said declining aid flows and rising debt burdens were leaving poorer governments with less money for health, education and social protection spending. According to the UN, the largest economic shocks are being felt in Western Asia due to infrastructure damage and severe disruptions to oil production, trade and tourism, in addition to the broader energy crisis.
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