Global growth to slow to 3.2% in 2026, amid largest energy shock on record due to West Asia crisis: S&P Gl

Global economic growth faces a slowdown to 3.2 percent in 2026. The West Asia conflict is causing the largest energy shock on record. Shipping, energy supply, and trade are impacted. Oil production and key infrastructure face disruptions. Europe and Asia, net energy importers, will see higher costs. This situation significantly alters the global economic outlook.