World Bank Warns U.S.-Iran Conflict Halves Global Growth
World Bank Chief Economist Indermit Gill warns that a protracted US-Iran clash could shrink global growth to about 1.3% in 2026, with inflation near 4.5% as energy prices surge and trade routes and supply chains are disrupted, prompting higher policy rates. The fallout would hit vulnerable, debt-burdened economies hardest by squeezing essential public services and raising borrowing costs, with spillovers for energy, commodities, and global markets as fertilizers, helium, and sulfur supplies are disrupted.
World · 7 sources · Jul 22, 2026Read itThe journal
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A bank is a financial institution that accepts deposits from the public and creates a demand deposit while making loans. Lending activities can be directly performed by the bank or indirectly through capital markets.
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