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UN PhotoWORLD BANK / GLOBAL ECONOMY PROSPECTS
STORY: WORLD BANK / GLOBAL ECONOMY PROSPECTS
TRT: 02:10
SOURCE: WORLD BANK
RESTRICTIONS: NONE
LANGUAGES: ENGLISH / NATS
DATELINE: 10 JUNE 2026, WASHINGTON DC / FILE
FILE - WASHINGTON DC
1. Wide shot, World Bank HQ
10 JUNE 2025, WASHINGTON DC
2. SOUNDBITE (English) Ayhan Kose, Deputy Chief Economist and Director of the Prospects Group, World Bank:
“Obviously, this conflict is coming at a very difficult period. We have had six years of successive shocks, and this is another shock. So, the governments’ fiscal space is quite limited. You still have inflation problem in a number of countries. And all in all, it's difficult for governments to react to this shock.”
FILE - WASHINGTON DC
3. Wide shot, World Bank HQ
10 JUNE 2025, WASHINGTON DC
4. SOUNDBITE (English) Ayhan Kose, Deputy Chief Economist and Director of the Prospects Group, World Bank:
“We are expecting global growth to be around 2.5%. This is the lowest rate we have seen since the pandemic. And we have downgraded our forecasts for two-thirds of economies relative to what we had in January.”
FILE - WASHINGTON DC
5. Wide shot, World Bank HQ
10 JUNE 2025, WASHINGTON DC
6. SOUNDBITE (English) Ayhan Kose, Deputy Chief Economist and Director of the Prospects Group, World Bank:
“Our main concern is that these successive shocks are leaving a very large negative impact on incomes, especially per capita incomes of emerging developing economies. These economies need to basically grow, their income should converge to incomes of advanced economies, and that is not happening at the pace we would like to see.”
FILE - WASHINGTON DC
7. Wide shots, World Bank HQ
10 JUNE 2025, WASHINGTON DC
8. SOUNDBITE (English) Ayhan Kose, Deputy Chief Economist and Director of the Prospects Group, World Bank:
“Countries need to think about the near-term response, as well as the medium-term response. In the near term, they need to provide the necessary support, whatever they have in their arsenal. That means making interventions timely, targeted, and temporary. Over the medium-term, every crisis presents an opportunity. They need to take advantage of this crisis and basically find ways to invest in institutions, improve the business environment, attract private capital to their economies, and, of course, invest in infrastructure.”
FILE - WASHINGTON DC
9. Wide shot, World Bank HQ
10 JUNE 2025, WASHINGTON DC
10. SOUNDBITE (English) Ayhan Kose, Deputy Chief Economist and Director of the Prospects Group, World Bank:
“We are helping countries that are affected by the crisis. We are immediately mobilizing $60 billion to those that need our support. In addition, if the crisis persists, we are going to provide up to $100 billion over the next 15 months.”
FILE - WASHINGTON DC
11. Wide shot, World Bank HQ
The conflict in the Middle East is expected to slow global growth to the lowest rate since the onset of the COVID-19 pandemic amid higher energy prices, steeper inflation, and increased borrowing costs, according to the World Bank Group’s latest Global Economic Prospects report.
Global growth is forecast to slow to 2.5 percent in 2026, down from 2.9 percent in 2025.
Forecasts for two-thirds of economies have been downgraded relative to January of this year. Global growth is expected to improve to 2.8 percent in 2027 but will remain 0.4 percentage point below the average during the 2010s.
Weak growth in developing economies has stalled progress toward advanced-economy income levels. By 2028, developing economies other than China and India will have collectively experienced nearly a decade of no progress on narrowing their per capita income gap with advanced economies, the report finds.
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