The World Bank has lowered its global economic growth forecast to 2.5%, citing the ongoing conflict in the Middle East as a key factor. The revised projection, detailed in the bank’s semi-annual “Global Economic Prospects” report, marks a downward revision from previous estimates. Global growth reached 2.9% in 2023, according to the report. The report indicates that escalating tensions and potential disruptions to trade routes are impacting economic activity. This adjustment reflects increased uncertainty and a more cautious outlook for the global economy. The World Bank suggests that a prolonged conflict could further dampen growth prospects. The report provides a comprehensive analysis of the current economic landscape and potential risks.