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Breaking Posted 2 hours ago

World Bank cuts global growth to 2.5% amid US-Iran war

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The World Bank slashed global growth forecasts to 2.5 percent, the lowest since COVID-19, citing surging energy prices, inflation, and borrowing costs from the US-Iran conflict. Safe-haven currencies like USD, JPY, and CHF could strengthen significantly as risk sentiment deteriorates and energy-importing nations face currency pressure from rising oil costs.
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