Energy Prices to Rise 24% This Year: World Bank Warns

Energy Prices to Rise 24% This Year: World Bank Warns

Fərid Əlizadə · Media ·

The World Bank has warned of a significant increase in energy prices this year. According to the institution's forecasts, prices could rise by 24%, marking the sharpest increase in four years.

The editorial office reports that the main reason for this increase is disruptions caused by the war. Specifically, the situation concerning Iran is significantly impacting global energy markets and creating difficulties in the supply chain.

Such a sharp price increase could exert significant pressure on the global economy, consumers, and businesses. The World Bank calls on governments and international organizations to be prepared for these potential risks.