{"id":2142,"date":"2026-05-21T04:02:11","date_gmt":"2026-05-21T04:02:11","guid":{"rendered":"https:\/\/houstonmovingjournal.com\/?p=2142"},"modified":"2026-05-21T04:02:11","modified_gmt":"2026-05-21T04:02:11","slug":"mideast-energy-crisis-prompts-un-to-lower-2026-global-growth-outlook","status":"publish","type":"post","link":"https:\/\/houstonmovingjournal.com\/?p=2142","title":{"rendered":"Mideast energy crisis prompts UN to lower 2026 global growth outlook"},"content":{"rendered":"<div><div><div>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" class=\"wp-image-2141\" height=\"432\" src=\"https:\/\/houstonmovingjournal.com\/wp-content\/uploads\/2026\/05\/3a95473a03647369b69da62bfc83f704.webp\" width=\"764\" srcset=\"https:\/\/houstonmovingjournal.com\/wp-content\/uploads\/2026\/05\/3a95473a03647369b69da62bfc83f704.webp 764w, https:\/\/houstonmovingjournal.com\/wp-content\/uploads\/2026\/05\/3a95473a03647369b69da62bfc83f704-300x170.webp 300w\" sizes=\"auto, (max-width: 764px) 100vw, 764px\" \/><\/figure>\n <span>article<\/span><\/div> <div><div><p><span>FILE-The United Nations emblem is seen at the United Nations Headquarters building in New York City, United States on July 16, 2024. (Photo by Jakub Porzycki\/NurPhoto via Getty Images)<\/span> <!-- --><\/p><p>Read more <a href=\"https:\/\/houstonmovingjournal.com\/?p=2139\">\u2018Peanuts\u2019 music owner sues US government, 3 companies alleging illegal use of its tunes<\/a><\/p> <!-- --><\/div><\/div> <!-- --><\/div> <!-- --> <!-- --><p>The United Nations lowered its prediction for global economic growth and raised prospects for inflation in 2026 in response to the Middle East energy crisis and high oil prices.\u00a0<\/p> <p>U.N. economists told The Associated Press that global gross domestic product growth is projected at 2.5% this year, adding that it might fall to 2.1%.<\/p> <!-- --><h2>How much is global inflation expected to increase?<\/h2> <!-- --><div><\/div> <!-- --><p>By the numbers:<\/p> <!-- --><p>According to the Associated Press, global inflation is predicted to spike to 3.9% this year, 0.8% higher than predicted in January, before the U.S. and Israel launched airstrikes on Iran.<\/p> <!-- --><p>Separately, in more developed countries, inflation is forecast to increase from 2.6% in 2025 to 2.9% this year.\u00a0<\/p> <!-- --><p>And in developing countries, the AP noted that inflation is predicted to jump from 4.2% to 5.2% as rising costs for energy, transportation and imported goods reduce incomes.\u00a0<\/p><p>Read more <a href=\"https:\/\/houstonmovingjournal.com\/?p=2136\">Unknown substance kills 3, injures first responders in New Mexico<\/a><\/p> <!-- --><p>Citing the World Economic Situation and Prospects report for mid-2026, the AP reported that the impact of the Iran war has disrupted economic growth for several countries worldwide.\u00a0<\/p> <!-- --><p>The report noted that in the United States, the economy is expected to have a 2% growth forecast in 2026.\u00a0<\/p> <!-- --><p>In Asia, its economic growth is only expected to slow from 5% in 2025 to 4.6% this year. While India is projected to continue to be one of the fastest growing major economies.\u00a0<\/p> <!-- --><p>Additionally, the European Union\u2019s economic growth is predicted to drop to 1.1%. Economic growth in the European Union is expected to drop to 1.1% in 2026, compared to growth in the United Kingdom, which is likely to slide further to 0.7% this year.\u00a0<\/p><p>Read more <a href=\"https:\/\/houstonmovingjournal.com\/?p=2133\">Corpus Christi woman sentenced to 13 years in federal prison for child pornography charges<\/a><\/p> <!-- --> <!-- --><p><br\/><br\/>\u00a0<\/p> <!-- --> <!-- --> <\/div>","protected":false},"excerpt":{"rendered":"<p>The United Nations lowered its global economic growth forecast and raised its inflation outlook as Middle East tensions disrupt global supply chains.<\/p>\n","protected":false},"author":1,"featured_media":2140,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[59,23],"tags":[],"class_list":["post-2142","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-world"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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