World Bank Lowers 2026 Growth Outlook for Emerging Europe

Emerging and developing economies across Europe and Central Asia are facing a significant economic slowdown this year, driven by a sharp rise in energy prices resulting from conflict in the Middle East, according to a report from the World Bank. The conflict involving Iran has impacted global oil supplies and increased costs for both businesses and consumers. Although Tehran and the United States reached a two-week ceasefire agreement late Tuesday, the World Bank warns that the situation continues to pose substantial risks to regional stability.