Mideast energy crisis prompts UN to lower 2026 global growth outlook

The United Nations lowered its prediction for global economic growth and raised prospects for inflation in 2026 in response to the Middle East energy crisis and high oil prices.

Mideast energy crisis prompts UN to lower 2026 global growth outlook. The United Nations lowered its prediction for global economic growth and raised prospects for inflation in 2026 in response to the Middle East energy crisis and high oil prices. U.N. economists told The Associated Press that global gross domestic product growth is projected at 2.5% this year, adding that it might fall to 2.1%. How much is global inflation expected to increase? By the numbers: According to the Associated Press, global inflation is predicted to spike to 3.9% this year, 0.8% higher than predicted in January, before the U.S. and Israel launched airstrikes on Iran. Separately, in more developed countries, inflation is forecast to increase from 2.6% in 2025 to 2.9% this year. And in developing countries, the AP noted that inflation is predicted to jump from 4...