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Global economy faces persistent inflation and rising energy costs
Economists are warning of sustained global inflation through 2027, driven largely by geopolitical tensions in the Middle East and rising energy costs. A Reuters survey of over 500 economists revealed that inflation forecasts for 2027 have been revised upward in 31 of 50 surveyed economies. While global economic growth remains resilient, with projections for 2026 and 2027 at 3% and 3.2% respectively, the combination of growth and high prices presents a complex challenge for central banks.
Energy markets are under significant pressure. Crude oil prices have remained above $100 per barrel since early October, recently exceeding $117. The World Bank has increased its energy price forecast for this year to a 32% rise, up from a previous estimate of 24%. In Europe, disruptions in liquefied natural gas (LNG) supplies could drive gas prices up by nearly 60% this year.
Other sectors are also facing volatility. Coffee stocks have reached near 27-year lows, exacerbated by a 15% drop in Colombian production for the 2025/26 season. Additionally, major consumer goods companies, including Nestlé and Coca-Cola, have warned that rising logistics and raw material costs may lead to further price increases for households.
Entities
Brazil · Colombia · Eurostat · Federal Reserve · HSBC · IMF · Intercontinental Exchange · International Monetary Fund · Janet Henry · Reuters · Vietnam · World Bank
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 2 SOURCES] The World Bank predicts energy prices will rise by 32 percent this year. www.dnevno.hr · www.tportal.hr
- [● 2 SOURCES] LNG supply disruptions could raise European gas prices by nearly 60 percent this year. www.dnevno.hr · www.tportal.hr
- [○ 1 SOURCE] Coffee stocks are near a 27-year low. biznis.me
- [● 2 SOURCES] The US Federal Reserve kept interest rates unchanged at approximately 3.9 percent. www.danas.rs · www.jutarnji.hr
- [● 8 SOURCES] Global economic growth is projected to be 3 percent in 2026 and 3.2 percent in 2027. trn.mk · bizniscg.me · tuzlalive.ba · www.072info.com · pari.com.mk · +3 more
- [● 8 SOURCES] Economists in a Reuters survey increased inflation forecasts for 2027 in 31 of 50 economies. trn.mk · bizniscg.me · pari.com.mk · tuzlalive.ba · www.072info.com · +3 more
- [● 9 SOURCES] Crude oil prices exceeded $117 per barrel recently. trn.mk · bizniscg.me · pari.com.mk · tuzlalive.ba · www.072info.com · +4 more
- [○ 1 SOURCE] Coffee production in Colombia fell by 15 percent for the 2025/26 season. biznis.me
- [● 9 SOURCES] Economists increased inflation forecasts for 2027 in 31 of 50 economies. trn.mk · bizniscg.me · pari.com.mk · tuzlalive.ba · finance.technews.tw · +4 more