Latest news and articles about growth forecasts from NEX English
The South Korean government expects the national debt to reach <strong>60%</strong> of GDP by <strong>2030</strong>, amid increasing financial burdens and slowing economic growth. This forecast highlights the challenges facing the economy as it navigates difficult conditions.
The World Bank has lowered its growth forecasts for Middle Eastern economies in 2026 due to the repercussions of the Iranian war. Saudi Arabia and Oman stand out for their relative economic resilience amid these challenges.
Recent reports indicate that Gulf economies are facing sharp reductions in growth forecasts due to the closure of the Strait of Hormuz and damage to infrastructure. These developments come at a time when the regional economy is under increasing pressure.
Germany's economic growth forecasts have been downgraded due to escalating price crises in Europe stemming from the ongoing war in Iran. This situation raises concerns about economic stability in the region.
Leading research institutes in Germany report that the German economy will experience growth of less than half the previously expected rate due to the ongoing conflict in the Middle East. This decline raises concerns about the future of the German economy under current conditions.
The OECD has revised its growth forecasts for the Eurozone, indicating that the ongoing war in the Middle East is driving up energy prices and increasing inflation. The organization has cut its growth forecast for the region by <strong>0.4 percentage points</strong> to <strong>0.8%</strong> this year.
The European Bank for Reconstruction and Development has announced a potential reduction of growth forecasts for several emerging markets by <strong>0.4 percentage points</strong> in its upcoming economic report in June, citing rising energy prices as a key factor.
The French Central Bank has announced a reduction in its economic growth forecasts for 2026 while raising its inflation expectations, citing the impact of rising energy prices due to the ongoing war in Iran.