World Bank chief economist warns escalating US-Iran hostilities could reduce global growth to 1.3% and disrupt supply chains for critical agricultural inputs like fertilizer, helium, and sulphur.
The World Bank approved a $1.25 billion development loan for Nigeria to fund energy access, agriculture support, and economic reforms including fuel subsidy removal.
The World Bank forecasts global growth will drop to 2.5% this year due to Middle East conflicts and rising inflation. Additionally, average fertilizer prices are projected to surge by 38% amid supply
The World Bank cut its 2026 global growth forecast to 2.5% amid Middle East war risks, warning energy disruptions could lower it to 1.3%. Rising oil and fertilizer prices threaten inflation and food s
The World Bank cut its 2026 global growth forecast to 2.5% due to Middle East conflict disrupting commodity flows and raising energy costs. With Brent crude projected at $94 per barrel, the bank warns
The World Bank predicts global commodity prices will rise 16% this year due to Iran war disruptions to oil and metals. Fertilizer costs are projected to jump 31%, potentially pushing 45 million more p
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