The World Bank downgraded its global growth outlook to the weakest pace in three years, citing downturn in investment and a decade-low growth in trade, amid escalating disputes.
Global growth is forecast to ease to 2.6 percent this year, reflecting weaker-than-expected trade and investment, the lender said in its semi-annual Global Economic Prospects report, released Wednesday.
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Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.