The global economy in five charts Philip KenworthyVasiliki Papagianni June 11, 2026

https://blogs.worldbank.org/en/developmenttalk/the-global-economy-in-five-charts3 Early in 2026, global activity seemed to be on a firm footing. Some major advanced economies were posting strong growth, with global trade lifted by surging AI-related exports. Since then, the conflict in the Middle East has notably worsened the outlook, according to the Global Economic Prospects report. The conflict has caused huge disruptions to exports of energy and other commodities from the Gulf region, leading to sharp price increases. The baseline forecast assumes the most acute phase of disruptions ends in July, with shipping volumes through the Strait of Hormuz largely recovering by late 2026. On this basis, annual commodity prices are projected to rise by 22 percent this year, with the Brent oil price averaging $94 per barrel.