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Middle East crisis dashes global economic outlook

chinadaily.com.cn | Updated: 2026-03-26 19:52
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The World Trade Organization said if the Middle East tensions keep oil and gas prices high through the year, the global GDP growth in 2026 could be reduced by 0.3 percentage points. Widespread shortages and rising input costs are affecting all sectors, while higher energy prices are eroding purchasing power and undermining the global recovery. (By Liu Jianqiao)

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