The World Bank projects global economic growth will reach only 2.5% this year. This represents the weakest pace since the start of the COVID-19 pandemic. The forecast reflects the impact of ongoing conflicts, particularly in the Middle East, and rising energy prices. These factors are creating significant headwinds for the global economy. The World Bank warns of potential risks including escalating geopolitical tensions and persistently high inflation. Developing economies are expected to be particularly vulnerable to these challenges. Further downward revisions to the forecast are possible depending on the evolution of these global issues.