Global Economy Faces Pressure Amid West Asian Crisis, UN Report States

Kathmandu. The global economy is under pressure due to the ongoing crisis in West Asia. The United Nations has stated that this has slowed economic growth, increased inflation again, and increased uncertainty in global financial markets.

According to the 'World Economic Situation and Prospects 2026 Mid-Year Update' report released on Tuesday, the global Gross Domestic Product growth rate is estimated to be 2.5 percent in 2026. This is 0.2 percentage points lower than the projection made in January. A modest improvement of 2.8 percent is expected in 2027.