Escalating Middle East war could slash global growth to 1.3% in 2026, World Bank chief economist says
By Andrea Shalal WASHINGTON, July 22 (Reuters) - Escalating hostilities between the United States and Iran could reignite inflation, drive interest rates higher and knock global growth back to as low as 1.3%, down from 2.9% last year, World Bank chief economist Indermit Gill told Reuters.