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World Bank expects Iran war to slow global growth
The World Bank warns the Iran war will slow global growth to 2.5% in 2024, its weakest since the pandemic. Developing countries face the steepest economic toll, while rising borrowing costs and central bank rate hikes in Europe and the U.S. further threaten growth.
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- OECD warns of global slowdown as U.S.-Iran war stymies economic growth prospects
- IMF warns of slowing economic growth, rising inflation amid Iran war
- IMF says Iran war "halted" global economic momentum, expects hotter inflation
- Head of IMF says Iran war will permanently scar global economy even if peace is reached
- IMF predicts Iran war will slow economic growth and raise inflation globally
- Citing fallout from Iran war, World Bank cuts forecast for global economic growth