23:30 - 11.06.2026
June 11, Fineko/abc.az. The World Bank (WB) has downgraded growth projections for two-thirds of the world's economies in its latest Global Economic Prospects report. Supply disruptions and systemic shocks following Iran’s closure of the strategic Strait of Hormuz have placed emerging markets under intense macroeconomic strain.
According to ABC.AZ, referencing the WB report, international economists now project benchmark Brent crude to average $94 per barrel this year—marking a 36% surge compared to 2025 and a 50% upward revision from the bank’s January baseline estimates.
Key Macroeconomic Trajectories (WB Forecasts):
Emerging Markets: The 2026 growth baseline for emerging and developing economies was cut by 0,4 percentage points to 3.6%, charting its lowest post-pandemic track.
United States: The world’s primary economy is expected to expand by 2.2%, holding flat against January forecasts and tracking slightly above 2025’s 2.1% output, though retail fuel inflation weighs on domestic sentiment.
China: Growth in the second-largest economy is projected to decelerate to 4.2%, down from 5% in 2025 and the previous 4.4% forecast.
India: Retains its position as the fastest-growing major economy at 6.6%, though softening significantly from its 7.7% performance in 2025.
Eurozone: The 21-nation currency bloc faces stagnation, with growth projected to drop to 0.8% this fiscal year following a 1.4% expansion in 2025.
Agricultural Sector Contraction: Blocked fertilizer shipping routes across the Persian Gulf have significantly inflated farming input costs. Analysts warn this structural disruption could trigger widespread global food supply deficits in upcoming cycles.
