{"id":699446,"date":"2026-06-12T09:29:15","date_gmt":"2026-06-12T09:29:15","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/699446\/"},"modified":"2026-06-12T09:29:15","modified_gmt":"2026-06-12T09:29:15","slug":"thanks-to-stalled-economic-growth-a-lost-decade-looms","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/699446\/","title":{"rendered":"Thanks to Stalled Economic Growth, a ‘Lost Decade’ Looms"},"content":{"rendered":"


\n Economic storm clouds, not sunshine, dominate the World Bank’s latest outlook. The lender cut its 2026 global growth forecast to 2.5%, the weakest pace since the pandemic, citing the Middle East war’s hit to energy exports and prices, reports Reuters<\/a>. Global growth reached 2.9% in 2025. In the bank’s baseline prediction, Brent crude oil averages $94 a barrel this year, while global inflation hovers around 4%. Although the bank downgraded its forecasts for two-thirds of the world’s nations, the US, which started the Iran war with Israel in late February, stayed mainly on track, with an anticipated growth rate of 2.2%, which is the same as had been forecast in January, per the AP<\/a>. \n <\/p>\n


\n The bank outlines even darker paths, per Reuters: A prolonged energy crunch could slow global growth to 2.1%, and if market stress piles on, expansion could sink to 1.3%. Developing economies are bearing the brunt, with growth this year projected at a post-COVID low of 3.6% and many facing a “lost decade” of stalled economic catch-up with rich nations. “War anywhere is bad for poor people everywhere,” World Bank chief economist Indermit Gill tells the Wall Street Journal<\/a>. India remains a rare bright spot, with a GDP that’s forecast to grow at 6.6% this year, while the Middle East’s predicted rate fell to 1.6%, per Reuters. \n <\/p>\n","protected":false},"excerpt":{"rendered":" Economic storm clouds, not sunshine, dominate the World Bank’s latest outlook. The lender cut its 2026 global…\n","protected":false},"author":2,"featured_media":699447,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[28,63558,2447,7905,15207,2344,2402,129,249697,4011,24697],"class_list":["post-699446","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-economic-forecast","tag-economic-growth","tag-financial-markets","tag-growth","tag-india","tag-inflation","tag-middle-east","tag-mideast","tag-oil-prices","tag-world-bank"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/699446","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=699446"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/699446\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/699447"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=699446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=699446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=699446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}