EBRD warns of risks to economic growth amid Middle East conflict
The European Bank for Reconstruction and Development (EBRD) warns that tensions in the Middle East may impact economic growth across its operating regions due to higher energy and fertilizer prices. The bank forecasts a potential decline in growth by as much as 0.4 percentage points if energy prices remain elevated.
The European Bank for Reconstruction and Development (EBRD) warned that tensions in the Middle East are likely to weigh on growth. Higher energy and fertilizer prices, trade disruptions, and tighter financing conditions are expected to impact the regions. The bank forecasts a potential decline in growth by as much as 0.4 percentage points. Oil prices have surged since the US and Israel launched strikes on Iran. The economic impact will depend on the duration of the war and energy infrastructure damage. The bank operates in over 40 countries, including Türkiye, Egypt, and Iraq.
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