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UN Cuts 2026 Global GDP Growth Forecast to 2.5% on May 19, Citing Middle East Crisis

GateNews

2026-05-19 22:51:33

According to its official statement, the United Nations cut its 2026 global economic growth forecast to 2.5% on May 19, lowering the estimate by 0.2 percentage points from its January projection. The reduction reflects renewed inflation pressures and heightened uncertainty triggered by the Middle East crisis. The organization projects a modest recovery to 2.8% GDP growth in 2027.

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OECD Warns Middle East Conflict Poses Stagflation Risk, Leaves Central Banks in Policy Bind on May 19

UK Unemployment Hits 5.0%, Wage Growth Slows to 3.4%, Pushing Gilt Yields and Pound Lower on May 19

IMF Warns Middle East Conflict Threatens UK Economic Growth, Forecasts GDP at 1.0% in 2026

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