‘India worst hit by conflict’
The reverberations of the West Asia conflict are reshaping the global economy at a structural level, exposing vulnerabilities in energy security, supply chains, fiscal stability, and geopolitical finance.
The reverberations of the West Asia conflict are reshaping the global economy at a structural level, exposing vulnerabilities in energy security, supply chains, fiscal stability, and geopolitical finance.
A UN report flags India as the region’s strongest growth engine, backed by domestic demand and services, even as global energy disruptions and trade pressures weigh on Asia Pacific economies.
Global growth is now projected to slow to 3.1% in 2026 and 3.2% in 2027, marking a slowdown from the 3.4% average recorded during 2024-25. The latest outlook also falls short of the 3.7% historical average seen between 2000 and 2019, underlining a broader loss of momentum.
Fresh diplomatic signals emerge as Washington and Tehran may return to the negotiating table, even as conflict, economic strain and nuclear disagreements continue to shape the standoff.
It said the ongoing conflict in West Asia will moderate growth momentum and raise inflation risks.
The global economy is showing greater resilience than expected despite historic trade tensions and policy uncertainty, with growth projected to remain broadly steady over the next two years, the World Bank said.
‘’Effective immediately, any country doing business with the Islamic Republic of Iran will pay a tariff of 25% on any and all business being done with the United States of America. This order is final and conclusive,’’ President Trump wrote on ‘X’, creating fresh economic troubles for the Islamic nation, which is witnessing large-scale anti-government protests.
The global investment bank expects private consumption to strengthen further in FY27.
In spite of the unapologetic embrace of the motto “more is more” by Gen Z, growing up mostly online, happiness has remained elusive to many of this generation across the globe.
Amid growing global economic uncertainty, the implementation of India’s new labour codes presents a critical opportunity to strengthen domestic resilience and advance inclusive growth.
