In its Global Economic Prospects report released on June 11, 2026, the World Bank trimmed its annual global growth forecast from 2.6% to 2.5%, while warning that in the event of more severe energy supply disruptions accompanied by financial stress, growth could slump to 1.3%.
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Germany's authoritative economic research institute DIW Berlin updated its economic forecast on Wednesday.
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On June 11, 2026, Iran officially announced the closure of the Strait of Hormuz, the "world oil valve" that carries approximately 20% of the global oil transportation capacity.
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With the world's largest population, huge domestic demand potential, and low-cost labor, India was once seen as a blue ocean for global capital investment and an important candidate for multinational corporations to layout in the Asia Pacific market.
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According to a statement released by the Sharecafe team, the top financial regulatory agency in the United States is planning a major overhaul of bank regulations, and is scheduled to inform Congress of a comprehensive action to simplify bank rules and supervision in the near future.
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The United Kingdom has officially signed a free trade agreement with the Gulf Cooperation Council (GCC), a landmark deal valued at £3.7 billion.
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Data from the Food and Agriculture Organization of the United Nations (FAO) shows that from February to April 2026, the global food price index rose for three consecutive months, reaching 130.7 points in April, with a 1.6% increase compared to the previous month.
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One hundred days after the outbreak of the war with Iran, the cost of living for Americans has risen significantly, especially for low- and middle-income families.
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In June 2026, Europe’s economy is trapped between sluggish growth and rebounding inflation. The anticipated steady recovery has been disrupted by surging energy prices triggered by geopolitical tensions in the Middle East.
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Recently, the latest data released by the Institute for Supply Management of the United States showed that the manufacturing purchasing managers' index unexpectedly dropped to 46.5 in May, far below market expectations.
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Against the complex backdrop of blocked shipping in the Strait of Hormuz and pressure on the global crude oil supply chain, the Organization of the Petroleum Exporting Countries (OPEC) recently issued a statement on the 7th stating that seven major OPEC+oil producing countries have decided to increase their daily crude oil production by 188000 barrels in July. So far, major oil producing countries have announced production increases for four consecutive months.
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