World Bank Predicts Slower Global Growth in 2026 Due to Iran War and Energy Disruptions

Published: Jun 13, 2026 15:22

Save

The World Bank notes in its latest Global Economic Prospects report that global economic growth is expected to slow down, weighed down by the impact of the Iran war, specifically with the 2026 growth rate projected to decline from 2.9% last year to 2.5%. The report also warns that if energy supply disruptions intensify, accompanied by significant financial stress, global economic growth in 2026 could slide further to 1.3%.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

4 hours ago

China's May Vehicle Sales Down 2.1% YoY, NEV Market Surges 14.4% with Strong Export Growth

According to data released by the CAAM, China's total vehicle sales reached 2.629 million units in May, down 2.1% YoY. However, the NEV market performed strongly, with sales reaching 1.496 million units, up 14.4% YoY, and its share of total new vehicle sales rose to 56.9%. In addition, NEV exports achieved notable results, with May exports reaching 446,000 units, more than doubled YoY.

4 hours ago

US PPI Jumps to 6.5% in May, Driven by Energy Prices; Core PPI Rises Less Than Expected

Driven by a surge in energy prices, US PPI climbed to 6.5% YoY in May, the highest since November 2022 and exceeding market expectations of 6.4%. However, excluding food and energy, core PPI rose 4.9% YoY, below expectations of 5.4%.

4 hours ago

5 hours ago

US Consumer Sentiment Rises in June, Inflation Expectations Ease Amid Oil Price Pullback

A University of Michigan survey showed that the preliminary US consumer sentiment index for June rose to 48.9 from a record low of 44.8 in May, marking the first rebound in nearly four months, though still at a historically low level. Thanks to the recent pullback in oil prices, consumers' one-year inflation expectations pulled back from 4.8% to 4.6%.

5 hours ago