Indermit Gill

The World Bank described the report as "the first comprehensive assessment" of the implications of AI for developing economies, offering a perspective that has often been overlooked in academic and policy discussions focused largely on developed nations

The World Bank currently projects global economic growth of 2.5% in 2026 under its baseline scenario

The Trump administration temporarily lifted oil sanctions against Iran on Monday in a sharp reversal of U.S. policy that could provide Iran with an economic boon after years of having to sell at a discount to buyers who risked running afoul of the United States

Technical negotiations, however, will continue this week as the two sides aim to discuss a host of issues, including Israel’s attacks on Lebanon and free passage through the Strait of Hormuz

U.S. crude inventories have declined sharply amid strong refining demand and rising exports to offset supply disruptions caused by the Iran war, with storage levels at the key Cushing, Oklahoma, hub nearing operational lows—heightening concerns about supply tightness

The fall of Saigon in 1975, the troubled Iraq intervention and the chaotic withdrawal from Afghanistan in 2021 had already weakened Washington's aura of invincibility

Millions more pay are paying each day in steeper food prices or at the petrol pump, and as inflation eats away at the value of their earnings

The fall of Saigon in 1975, the troubled Iraq intervention and the chaotic withdrawal from Afghanistan in 2021 had already weakened Washington's aura of invincibility

In its latest Global Economic Prospects report, published on Thursday, the Washington-based institution cut its global growth forecast for 2026 to 2.5 percent from the 2.9 percent it had predicted in January, citing surging energy prices, rising inflation and higher borrowing costs

The Organization for Economic Cooperation and Development (OECD) and other bodies have recently lowered their forecasts for global growth, citing the prolonged conflict as a major source of uncertainty

The Organization for Economic Cooperation and Development (OECD) and other bodies have recently lowered their forecasts for global growth, citing the prolonged conflict as a major source of uncertainty

She has seen it used among oil market traders and those on the financial side of the industry

Oil Traders Lawyer Up as Hormuz Disruptions Trigger Billions of Dollars in Disputes

US Central Command enforces long blockade, halting Iran’s crude exports

But with a few notable exceptions like Turkey and Argentina which already have double-digit inflation rates, the forecast upgrades were modest given crude oil was back trading above $110 a barrel on Tuesday

Pakistan urges calm, stresses confidentiality and ongoing mediation role

Georgieva warns of continued supply shocks, tells countries to curb oil consumption

The report assesses not only equality laws that have been passed but also public services created to help women in the workplace and ensure these laws are enforced

The world’s second-largest economy showed remarkable resilience in 2025, helped by smaller than expected U.S. tariff hikes and exporters’ push to diversify away from the United States, allowing policymakers to keep stimulus to modest levels

Global outlook revised higher as resilience continues despite trade tensions