The Latest Breaking News from the World Bank

India to remain fastest-growing major economy at 6.6 pc in FY27, down from 7.2 last year: World Bank

India will remain the world's fastest-growing major economy. Growth is projected to slow to 6.6 percent in fiscal year 2026-27. This moderation is due to higher energy prices and input costs. However, the economy is expected to rebound to 7.2 percent growth in fiscal 2027-28. Domestic demand remains robust, supporting…

The Economic Times · Jun 11

World Bank cuts global growth forecast to 2.5%; India seen growing 6.6% amid Iran war

Global economic growth is set to slow to 2.5% this year. The World Bank attributes this to the Iran war, which has driven up energy prices and created uncertainty. Developing nations face a significant slowdown. While the US economy remains resilient, other countries are experiencing harder impacts. Disruptions in energy…

The Economic Times · Jun 11

Global growth is slowing to lowest level since pandemic, says World Bank

Forecast for this year downgraded to 2.5% and inflation expected to jump as a result of war in the Middle East

The Guardian - UK · Jun 11

When global trade becomes a weapon, how can African economies protect themselves?

“Today, everyone recognises that trade is as much a security issue as an economic one.”

The Conversation · Jun 5

Canada must rethink how it contributes to international climate finance

The Canadian government recently renewed its international climate finance commitments with the spring economic update in April. Given recent major cuts to development aid in Canada and internationally, this news brought relief to climate researchers and advocates.

The Conversation · May 28

South Africa’s fuel supply and the Iran war: data black holes and low strategic stock put the country at risk

The supply of crude oil to the world had been reduced by about 7.5% to 10.1% by March 2026 in what the World Bank described as the largest oil market disruption in history. The fall was a result of the attacks on Iran by Israel and the US and the…

The Conversation · May 28

Trump’s $17 Billion “Board of Peace” for Gaza is now stuck in legal limbo with zero dollars

It turns out the UN’s job is not that easy after all.

We Got This Covered · May 28

Industrial policy ideal for an age of uncertainty

Industrial policy is back, and with a vengeance. After decades of preaching neoliberalism, Western policymakers and intellectuals have rediscovered the role of the state in economic development.

Bangkok Post · May 27

India’s GDP revisions explained: What changed and why it matters

Amidst the ongoing West Asia crisis, the Indian economy is expected to take a hit: the World Bank’s latest projections suggest that the country’s GDP growth could fall to 6.6 percent in this financial year.

Newslaundry · May 26

Why Are MAGA Republicans Turning on Donald Trump Over Iran?

Donald Trump faces growing criticism within the Republican Party over negotiations with Iran, with divisions emerging over whether to maintain pressure on Tehran or pursue a diplomatic resolution, a split that could shape US foreign policy and regional security.

International Business Times UK · May 25