Wells Fargo lowered its 2026 global GDP growth forecast to 2.7%, citing heightened Middle East geopolitical risks and fragile ceasefire.
The bank warns inflation could surpass its 4.4% CPI target for 2026 as oil, gas, fertilizer and commodity disruptions raise price pressures.
IEA estimates up to 10 million barrels per day (≈10% of supply) could be shut in, prolonging energy market volatility.
Central banks are expected to tighten, with rate hikes anticipated in the Eurozone, Japan and Canada, widening divergence across markets.