One shock after another: Why fragile economies are falling further behind? Jeetendra KhadanM. Ayhan Kose April 09, 2026 This page in: English © 2026 World Bank Group,

https://blogs.worldbank.org/en/developmenttalk/one-shock-after-another--why-fragile-economies-are-falling-furth For much of the global economy, the pandemic recession is over. In many fragile and conflict-affected situations (FCS), however, it never truly ended. Now, conflict in the Middle East has unleashed a new wave of global turmoil, triggering one of the largest energy shocks in recent history. Higher energy prices, rising uncertainty, and tighter financial conditions are weighing on emerging market and developing economies (EMDEs) broadly, but especially in FCS. © 2026 World Bank Group,