Global inflation forecasts rise for 2026 as energy crisis persists

4 articles · Updated · Reuters · Apr 28

A Reuters poll of 500 economists predicts higher 2026 inflation in 44 of the top 50 economies, driven by Iran’s closure of the Strait of Hormuz amid the U.S.-Israeli war.
Oil prices have surged above $110 a barrel, but global growth projections remain steady at 2.9%, with the Gulf region facing significant downward revisions and some economies expected to contract before a 2027 recovery.
Central banks, including the Bank of Japan, are holding rates steady, while markets anticipate further hikes. The energy crisis and ongoing conflict continue to disrupt global trade, though demand for AI technology supports Taiwan’s outlook.

Can the global economy truly withstand a major energy shock without a recession?

Will AI's productivity boom offset the economic drag from the Middle East war?

Is today's economy resilient enough to avoid the stagflation of the 1970s?

Are central banks repeating past mistakes by waiting to tackle war-fueled inflation?

With the UAE exiting OPEC, is the era of oil cartels controlling prices ending?