Global economic growth is now projected to be slower than previously anticipated, according to a recent report. The downward revision reflects growing concerns about the impact of high energy prices and heightened geopolitical tensions on the world economy.

Analysts point to several factors contributing to the revised forecast. Rising inflation, driven in part by increased energy costs, is putting pressure on household budgets and business investments. Furthermore, ongoing geopolitical instability is creating uncertainty and potentially disrupting supply chains, which could further dampen economic activity.

The report suggests that policymakers will need to carefully navigate these challenges to support sustainable economic growth. Measures to address inflation and mitigate the impact of geopolitical risks will be crucial in the coming months.