UN cuts global growth forecast amid Iran war and energy shock

Middle East Eye · May 20, 2026 War

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.

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