The Economic Times

World Bank cuts global growth forecast to 2.5%; India seen growing 6.6% amid Iran war

Global economic growth is set to slow to 2.5% this year. The World Bank attributes this to the Iran war, which has driven up energy prices and created uncertainty. Developing nations face a significant slowdown. While the US economy remains resilient, other countries are experiencing harder impacts. Disruptions in energy and fertiliser trade are a major concern.